Are You Looking for a Top Momentum Pick? Why Commercial Metals (CMC) is a Great Choice
CMCCMC(US:CMC) ZACKS·2025-10-23 17:01

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Group 1: Company Overview - Commercial Metals (CMC) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - CMC has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Group 2: Price Performance - CMC shares have increased by 0.72% over the past week, while the Zacks Steel - Producers industry has risen by 0.75% [5] - Over the last month, CMC's price change is 4.7%, compared to the industry's 5.87% [5] - In the last quarter, CMC shares have risen by 14.43%, and over the past year, they have gained 16.5%, outperforming the S&P 500's increases of 6.56% and 15.83%, respectively [6] Group 3: Trading Volume - CMC's average 20-day trading volume is 1,375,395 shares, which serves as a useful indicator of price movement and market interest [7] Group 4: Earnings Outlook - In the past two months, three earnings estimates for CMC have been revised upwards, increasing the consensus estimate from $4.71 to $5.24 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions [9] Group 5: Conclusion - Given the strong momentum indicators and positive earnings outlook, CMC is positioned as a promising investment opportunity [11]