What Makes Southern Copper (SCCO) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Southern Copper (SCCO) is identified as a strong momentum stock with a Zacks Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating potential for significant near-term price appreciation [2][3][11]. Momentum Characteristics - Momentum investing focuses on following a stock's recent price trends, with the strategy of buying high and selling higher [1]. - SCCO's shares have increased by 1.12% over the past week, while the Zacks Mining - Non Ferrous industry has risen by 2.31% during the same period [5]. - Over the past month, SCCO's price has changed by 16.42%, compared to the industry's performance of 17.4% [5]. Long-Term Performance - In the last quarter, SCCO's shares have risen by 23.08%, and over the past year, they have increased by 54.82% [6]. - In contrast, the S&P 500 has only moved 2.85% and 17.84% over the same periods, highlighting SCCO's strong performance relative to the broader market [6]. Trading Volume - SCCO's average 20-day trading volume is 1,063,799 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Outlook - Recent earnings estimate revisions for SCCO have been positive, with three estimates moving higher and none lower over the past two months [9]. - The consensus earnings estimate for SCCO has increased from $5.01 to $5.23 in the last 60 days, indicating a favorable outlook [9]. Conclusion - Given the strong momentum indicators and positive earnings outlook, SCCO is positioned as a compelling investment opportunity for those seeking stocks with potential for near-term gains [11].