Amer Movil (AMX) is a Great Momentum Stock: Should You Buy?

Core Insights - 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] - Amer Movil (AMX) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating potential for outperformance [2][3] Price Performance - AMX shares have increased by 0.53% over the past week, outperforming the Zacks Wireless Non-US industry, which rose by 0.28% [5] - Over the last month, AMX's price change is 4.84%, significantly higher than the industry's 0.19% [5] - In the longer term, AMX shares have gained 22.18% over the past quarter and 31.9% over the last year, while the S&P 500 has only increased by 7.89% and 17.66%, respectively [6] Trading Volume - The average 20-day trading volume for AMX is 2,094,028 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, one earnings estimate for AMX has increased, raising the consensus estimate from $1.41 to $1.46 for the full year [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Considering the positive price performance, trading volume, and earnings outlook, AMX is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]