New York Times Co. (NYT) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - New York Times Co. (NYT) is currently rated as a 1 (Strong Buy) stock with a Momentum Style Score of A, indicating strong potential for short-term price increases [2][6]. Momentum Investing - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher [1]. - The Zacks Momentum Style Score helps identify stocks with strong momentum characteristics [1]. Price Performance - NYT shares have increased by 6.53% over the past week, outperforming the Zacks Publishing - Newspapers industry, which rose by 1.89% [3]. - Over the past month, NYT's stock price has risen by 13.11%, compared to the industry's 5.79% [3]. - In the last quarter, NYT shares rose by 9.47%, and over the past year, they increased by 30.81%, while the S&P 500 saw gains of 4.25% and 27.92%, respectively [4]. Trading Volume - NYT's average 20-day trading volume is 1,244,207 shares, which serves as a bullish indicator when combined with rising stock prices [4]. Earnings Estimates - In the past two months, two earnings estimates for NYT have been revised upwards, increasing the consensus estimate from $1.64 to $1.77 for the full year [5]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [5].