Celestica (CLS) Is Up 13.43% in One Week: What You Should Know

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] Company Overview: Celestica (CLS) - Celestica currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance in the market [2][3] - The stock has shown significant price increases, with a 13.43% rise over the past week, outperforming the Zacks Electronics - Manufacturing Services industry, which increased by 11.09% during the same period [5] - Over the past quarter, CLS shares have risen by 41.46%, and over the last year, they have surged by 316.15%, while the S&P 500 has only moved 6.22% and 17.55%, respectively [6] Trading Volume - The average 20-day trading volume for CLS is 2,582,815 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, one earnings estimate for CLS has increased, raising the consensus estimate from $5.55 to $5.58, with two upward revisions for the next fiscal year and no downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, CLS is positioned as a promising stock to watch for near-term gains, supported by its 2 (Buy) rating and Momentum Score of B [11]