For-profit hospital operator Tenet Healthcare Corporation (THC) has seen impressive gains in 2024, with shares skyrocketing 118.2%, far outpacing the industry's 50.5% growth and the S&P 500's 19.9% rise. It also outpaced its peers like Universal Health Services, Inc. (UHS) and HCA Healthcare, Inc. (HCA) . This rally has boosted Tenet Healthcare's market capitalization by $8.13 billion in 2024 alone. With this sharp rally, the question for investors is whether to ride the momentum for more potential upside o ...

The investment landscape has shifted in 2024. Sectors outside of technology have used the year to play catchup, and as part of a diversified portfolio, it makes sense to gain exposure to these other areas with significant profit potential. Luckily for investors, the systems used at Zacks Investment Research consistently identify big winners, regardless of which pocket of the market they may reside. Adding to the bullish theme, it's never been easier to find these winners, with the power of the Zacks Rank li ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Tenet Healthcare (THC) closed at $164.62 in the latest trading session, marking a +1.36% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.52%. The hospital operator's shares have seen an increase of 3.67% over the last month, surpassing the Medical sector's gain of 3.34% and aligning with the S&P 500. The investment community will be closely monitoring ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Tenet Healthcare (THC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Tenet currently has an average brokerage recommendatio ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

JHVEPhoto Health Care stocks have put on a show in recent months. While not in the limelight, the sector mixed with high-growth names and defensive equities has notched all-time highs, driven in large part by massive gains in pharma giant Eli Lilly (LLY). But smaller stocks within the broad sector have also been on the rise as the space has undergone changes post-COVID. I am downgrading Tenet Healthcare (NYSE:THC) from a buy to a hold, however. The No. 6-ranked out of 1034 members of the Health Care sector ...

Tenet Healthcare Corporation (THC) shares have returned 24.6% in the past three months, outperforming both the hospital industry and the S&P 500 Index. Over this timeframe, the industry and the S&P 500 Indexhave gained 20.8% and 6.4%, respectively. Currently priced at $163.87, the stock is just 1% below its 52-week high. This proximity underscores investor confidence and market optimism about this hospital company's prospects. Moreover, the stock is trading above its 50-day and 200-day moving averages, sign ...

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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Tenet Healthcare (THC) . Tenet currently has an average brokerage recommendation (ABR) of 1.17 ...