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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?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Molson Coors Brewing (TAP)
Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005. The global manufacturer and seller of beer and other beverage products has an impressive diverse portfolio of owned and partner brands. These core brands include Blue Moon, Miller Lite, CoorsBanquet, Coors Light, Molson Canadian,Carling and Ozujsko, while premium brands including Madri Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy ; as well as economy and value brands like Miller High Life and Keystone Light.
TAP sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is down 0.9% and up 0.4% over the past one-week and four-week period, respectively, and Molson Coors Brewing has lost 8.1% in the last one-year period as well. Additionally, an average of 2,268,824.75 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2025, one analyst revised their earnings estimate higher in the last 60 days for TAP, while the Zacks Consensus Estimate has increased $0.01 to $6.36 per share. TAP also boasts an average earnings surprise of 18.1%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding TAP to their portfolios.
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Molson Coors Beverage Company (TAP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).