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Top Ranked Momentum Stocks to Buy for January 6th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 6th:

Danaos Corporation (DAC - Free Report) : This owner and operator of containerships has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.5% over the last 60 days.

 

Danaos’ shares gained 68.9% over the last one month in contrast the S&P 500’s growth of 0.8%. The company possesses a Momentum Score of A.

 

Schnitzer Steel Industries, Inc. : This recycler of ferrous and nonferrous scrap metals; and manufacturer of finished steel products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.9% over the last 60 days.

 

Schnitzer Steel's shares gained 27.4% over the last one month in contrast the S&P 500 declined 2%. The company possesses a Momentum Score of A.

 

Welbilt, Inc. : This designer, manufacturer, and supplier of foodservice equipment has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days.

 

Welbilt, Inc. Price and Consensus

Welbilt, Inc. Price and Consensus

Welbilt, Inc. price-consensus-chart | Welbilt, Inc. Quote

 

Welbilt’s shares gained 18.1% over the last one month. The company possesses a Momentum Score of A.

 

TechTarget, Inc. (TTGT - Free Report) : This provider of specialized online content for buyers of enterprise information technology (IT) products and services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.

 

TechTarget, Inc. Price and Consensus

TechTarget, Inc. Price and Consensus

TechTarget, Inc. price-consensus-chart | TechTarget, Inc. Quote

 

TechTarget’s shares gained 19.4% over the last one month. The company possesses a Momentum Score of A.

 

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Danaos Corporation (DAC) - free report >>

TechTarget, Inc. (TTGT) - free report >>

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