Millicom International Cellular SA (TIGO) is a Great Momentum Stock: Should You Buy?

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] Company Overview: Millicom International Cellular SA (TIGO) - TIGO currently holds a Momentum Style Score of B, indicating a positive outlook based on price changes and earnings estimate revisions [2] - TIGO has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - TIGO shares have increased by 3.59% over the past week, outperforming the Zacks Wireless Non-US industry, which rose by 0.86% during the same period [5] - Over the past month, TIGO's stock price has changed by 3.32%, compared to the industry's 1.14% performance [5] - In the last quarter, TIGO shares rose by 4.67%, and over the past year, they have gained 113.11%, while the S&P 500 only increased by 4% and 14.09%, respectively [6] Trading Volume - TIGO's average 20-day trading volume is 756,143 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for TIGO has increased, raising the consensus estimate from $6.26 to $7.35 [9] - For the next fiscal year, two estimates have moved upwards, with no downward revisions noted [9] Conclusion - Given the positive momentum indicators and earnings outlook, TIGO is positioned as a strong buy candidate for investors seeking short-term opportunities [11]