Tencent Music Entertainment Group Sponsored ADR (TME) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Tencent Music Entertainment Group Sponsored ADR (TME) is currently rated with a Momentum Style Score of A, indicating strong potential for momentum investing [2] Group 1: Momentum Characteristics - TME shares have increased by 15.59% over the past week, outperforming the Zacks Internet - Content industry, which rose by 3.27% during the same period [3] - Over the past month, TME's price change is 29.85%, significantly higher than the industry's 7.09% performance [3] - In the last quarter, TME shares rose by 46.54%, and over the past year, they have increased by 99.87%, while the S&P 500 only moved 7.06% and 28.36% respectively [4] Group 2: Trading Volume - TME's average 20-day trading volume is 8,342,564 shares, which serves as a bullish indicator when combined with rising stock prices [4] Group 3: Earnings Outlook - In the past two months, one earnings estimate for TME has increased, raising the consensus estimate from $0.62 to $0.64 for the full year, with no downward revisions [5] - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment [5] Group 4: Overall Assessment - TME is classified as a 2 (Buy) stock with a Momentum Score of A, suggesting it is a strong candidate for near-term investment opportunities [6][7]