Company Overview - TD SYNNEX (SNX) currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [3][12] - The company has a Zacks Rank of 2 (Buy), which is supported by a strong track record of outperformance when combined with a Momentum Style Score of "A or B" [4] Price Performance - Over the past week, SNX shares have increased by 9.68%, while the Zacks Electronics - Miscellaneous Products industry remained flat [6] - In a longer time frame, SNX's monthly price change is 11.1%, outperforming the industry's 4.01% [6] - For the past quarter, SNX shares have risen by 17.32%, and over the last year, they have gained 37.46%, compared to the S&P 500's increases of 8.48% and 16.96%, respectively [7] Trading Volume - The average 20-day trading volume for SNX is 852,090 shares, which serves as a bullish indicator when the stock is rising with above-average volume [8] Earnings Outlook - In the past two months, one earnings estimate for SNX has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $12.11 to $12.13 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]
What Makes TD SYNNEX (SNX) a Strong Momentum Stock: Buy Now?