Yahoo Finance Here's Why United States Cellular (USM) is a Strong Momentum Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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.
United States Cellular (USM)
Headquartered in Chicago, IL, United States Cellular Corporation (U.S. Cellular) is the fourth largest full-service wireless carrier in the United States. The company provides a range of wireless products and services, and a high-quality network to increase the competitiveness of local businesses and improve efficiency of government operations. It is a subsidiary of Telephone and Data Systems, Inc. (TDS), a diversified telecom service provider offering wireless and wireline services.
USM boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of United States Cellular has seen some interesting price action recently; the stock is up 5.8% over the past one week and up 0.6% over the past four weeks. And in the last one-year period, USM has gained 71.2%. As for the stock's trading volume, 166,242.55 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.06 to $0.74 per share. USM boasts an average earnings surprise of 80.2%.
USM should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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United States Cellular Corporation (USM) : Free Stock Analysis Report
