TE Connectivity (TEL) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Group 1: Company Overview - TE Connectivity (TEL) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - TEL has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Group 2: Price Performance - Over the past week, TEL shares increased by 0.4%, while the Zacks Electronics - Miscellaneous Components industry declined by 0.62% [5] - In the last quarter, TEL shares rose by 24.69%, and over the past year, they increased by 51.83%, significantly outperforming the S&P 500, which moved 7.36% and 19.22% respectively [6] Group 3: Trading Volume - TEL's average 20-day trading volume is 1,672,608 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, one earnings estimate for TEL has increased, raising the consensus estimate from $8.54 to $8.60 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Group 5: Conclusion - Given the positive momentum indicators and earnings outlook, TEL is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]