Millicom(US:TIGO) ZACKS·2026-01-08 18:00Core 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: Millicom International Cellular SA (TIGO) - TIGO currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a history of outperforming the market [4] Price Performance - TIGO shares have increased by 3.23% over the past week, outperforming the Zacks Wireless Non-US industry, which rose by 0.43% [6] - Over the last quarter, TIGO shares have gained 9.43%, and over the past year, they have surged by 106.41%, while the S&P 500 has only increased by 3.36% and 18.44%, respectively [7] Trading Volume - TIGO's average 20-day trading volume is 1,007,672 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for TIGO has increased, raising the consensus estimate from $6.26 to $7.35 [10] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating positive earnings momentum [10] Conclusion - Given the strong performance metrics and positive earnings outlook, TIGO is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling option for near-term investment [12]