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 Summary: Roku (ROKU) - Roku currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] - Over the past week, Roku shares increased by 0.82%, while the Zacks Broadcast Radio and Television industry declined by 0.13% [5] - In the last quarter, Roku shares rose by 50.73%, and over the past year, they increased by 37.93%, significantly outperforming the S&P 500, which rose by 16.04% and 12.11% respectively [6] - Roku's average 20-day trading volume is 2,616,092 shares, indicating a bullish sign as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, one earnings estimate for Roku has increased, while none have decreased, leading to a consensus estimate improvement from -$0.19 to -$0.18 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions, indicating positive sentiment [9] Conclusion - Considering the positive momentum indicators and earnings outlook, Roku is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [10][11]