ASML (ASML) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - ASML is identified as a strong momentum stock with a Zacks Rank of 1 (Strong Buy) and a Momentum Style Score of B, indicating potential for significant near-term gains [3][11]. Company Performance - ASML shares have increased by 9.94% over the past week, while the Zacks Semiconductor Equipment - Wafer Fabrication industry has risen by 11.56% during the same period [5]. - Over the past quarter, ASML's shares have surged by 44.71%, and over the last year, they have gained 42.31%, significantly outperforming the S&P 500, which has moved 6.14% and 15.41% respectively [6]. - The average 20-day trading volume for ASML is 1,763,961 shares, indicating a bullish trend as the stock is rising with above-average volume [7]. Earnings Outlook - In the last two months, four earnings estimates for ASML have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $28.01 to $29.08 [9]. - For the next fiscal year, four estimates have also moved upwards with no downward revisions, reflecting positive sentiment regarding ASML's earnings potential [9].