What Makes Monster Beverage (MNST) 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: Monster Beverage (MNST) - Monster Beverage currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [2][3] - The stock has shown significant price performance, with a 2.2% increase over the past week and an 11.74% increase over the past quarter, outperforming the S&P 500's 1.65% increase in the same period [5][6] Industry Comparison - The Zacks Beverages - Soft drinks industry has seen a 3.53% increase over the past week, while Monster Beverage's monthly price change of 3.94% is slightly better than the industry's 3.79% performance [5] Trading Volume - The average 20-day trading volume for Monster Beverage is 6,328,270 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Over the past two months, one earnings estimate for Monster Beverage has increased, raising the consensus estimate from $1.98 to $1.99, with two upward revisions for the next fiscal year and no downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, Monster Beverage is positioned as a strong buy candidate with a Momentum Score of B [11]