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Top Ranked Momentum Stocks to Buy for July 24th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 24th:

Abbott Laboratories (ABT - Free Report) : This developer and manufacturer of health care products has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.

Abbott Laboratories Price and Consensus

Abbott Laboratories’ shares gained 3.9% over the last one month more than S&P 500’s gain of 2.9%. The company possesses a Momentum Score of B.

Abbott Laboratories Price

Churchill Downs Incorporated (CHDN - Free Report) : This owner and operator of a racing, gaming, and online entertainment has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings climbing 0.7% over the last 60 days.

Churchill Downs, Incorporated Price and Consensus

Churchill Downs’ shares gained 3.2% over the last one month. The company possesses a Momentum Score of B.

Churchill Downs, Incorporated Price

Cleveland-Cliffs Inc. (CLF - Free Report) : This owner and operator of an iron ore mining company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.2% over the last 60 days.

Cleveland-Cliffs Inc. Price and Consensus

Cleveland-Cliffs’ shares gained 27.6% over the last one month. The company possesses a Momentum Score of A.

Cleveland-Cliffs Inc. Price

Ardelyx, Inc. (ARDX - Free Report) : This provider of non-hazardous solid waste collection and recycling services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.

Ardelyx, Inc. Price and Consensus

Ardelyx’s shares gained 10.3% over the last one month. The company possesses a Momentum Score of A.

Ardelyx, Inc. Price

See the full list of top ranked stocks here

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

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