What Makes Commercial Metals (CMC) a Strong Momentum Stock: Buy Now?

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 B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown a price increase of 0.77% over the past week, compared to a 0.8% increase in the Zacks Steel - Producers industry [5] - Over the last month, CMC's shares have increased by 7.37%, outperforming the industry's 4.67% [5] - In the last quarter, CMC shares have risen by 26.01%, and over the past year, they have gained 46.84%, while the S&P 500 has only increased by 2.39% and 18.18%, respectively [6] Trading Volume - CMC's average 20-day trading volume is 943,032 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for CMC have been revised upwards, increasing the consensus estimate from $5.81 to $7.05 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, CMC is positioned as a strong buy candidate with a Momentum Score of B [11]