Advertisement
Australia markets closed

  • ALL ORDS

    8,013.80
    +11.00 (+0.14%)
     

  • ASX 200

    7,767.50
    +7.90 (+0.10%)
     

  • AUD/USD

    0.6673
    +0.0022 (+0.33%)
     

  • OIL

    81.45
    -0.29 (-0.35%)
     

  • GOLD

    2,340.00
    +3.40 (+0.15%)
     

  • Bitcoin AUD

    91,266.80
    -1,013.34 (-1.10%)
     

  • CMC Crypto 200

    1,270.61
    -13.22 (-1.03%)
     

  • AUD/EUR

    0.6227
    +0.0022 (+0.35%)
     

  • AUD/NZD

    1.0953
    +0.0026 (+0.24%)
     

  • NZX 50

    11,717.43
    -117.59 (-0.99%)
     

  • NASDAQ

    19,863.23
    +74.20 (+0.37%)
     

  • FTSE

    8,164.12
    -15.56 (-0.19%)
     

  • Dow Jones

    39,227.02
    +62.96 (+0.16%)
     

  • DAX

    18,235.45
    +24.90 (+0.14%)
     

  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     

  • NIKKEI 225

    39,583.08
    +241.54 (+0.61%)
     

Here's Why T-Mobile (TMUS) is a Strong Momentum Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

ADVERTISEMENT

T-Mobile (TMUS)

Founded in 1994 and headquartered in Bellevue, WA, T-Mobile US, Inc. is a national wireless service provider. The company offers its services under the T-Mobile, Metro by T-Mobile and Sprint brands. T-Mobile, through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers.

TMUS is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are up 0.4% over the past one week and up 6.5% over the past four weeks. TMUS has gained 33.1% in the last one-year period as well. Looking at trading volume, an average of 6,588,481 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For TMUS, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $9.02 per share for 2024. TMUS boasts an average earnings surprise of 2.5%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding TMUS to their portfolios.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research