Commercial Metals (CMC) Is Up 5.53% 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: Commercial Metals (CMC) - CMC currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Price Performance - CMC shares have increased by 5.53% over the past week, outperforming the Zacks Steel - Producers industry, which rose by 1.62% [5] - Over the past month, CMC's price change is 21.15%, compared to the industry's 7.55% [5] - In the last quarter, CMC shares rose by 23.91%, and over the past year, they increased by 26.64%, while the S&P 500 only moved 3.31% and 13.94%, respectively [6] Trading Volume - CMC's average 20-day trading volume is 894,687 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for CMC have been revised upwards, increasing the consensus estimate from $4.93 to $6.13 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, CMC is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]