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3 New Strong Buy Momentum Stocks For June 14th

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Every day at Zacks, our ranking system is used to constantly pick out and order stocks from #1 (Strong Buys) down to #5 (Strong Sells). Today there were a few stocks that were added to the group top ranked stocks, and several had high momentum style scores to go along with their top Zacks Ranking.

Below are three stocks that hold both a Zacks Rank #1 (Strong Buy) in addition to an A for their Momentum Style Scores:

Compania Cervecerias Unidas S.A. (CCU - Free Report)

Compania Cervecerias Unidas S.A. operates as a beverage company primarily in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. It produces and sells both alcoholic and non-alcoholic beverages including proprietary brands and 5 licensed brands; cider and spirits; and wines. Non-alcoholic beverages that are produced include carbonated soft drinks, nectars and juices, sports and energy drinks, and iced tea, as well as mineral and purified bottled water. CCU was founded in 1850 and is based in Santiago, Chile.

CCU is currently a Zacks Rank #1 (Strong Buy) stock, and has an A for its momentum style score, with impressive figures behind it. The company has a 12-week price change of 7.86%, and in just the last 4 weeks, a positive price change of 9.62%. CCU has also seen positive estimate revision activity lately, with 1 analyst raising their current year EPS estimate in just the past 30 days. This has resulted in the company’s current year EPS estimate jumping from $0.96 30 days ago to $1.11 now. CCU’s projected EPS growth for the current year stands at 20.65%.

Compania Cervecerias Unidas also operates in a strong industry, as it comes in the top 42% of all industries, or 112th of 265 based on its Zacks Industry Rank. For an investor looking for a fresh stock pick with momentum building behind it, and a good deal of potential in front of it, CCU is a stock that warrants consideration.

Man Wah Holdings Limited (MAWHY - Free Report)

Operating as a furniture enterprise is Man Wah Holdings Limited. The company is mainly engaged in the research, development, production, and sale of sofas, mattresses, panel furniture and furniture accessories. Man Wah has been on a roll lately and is currently both a Zacks Rank #1 (Strong Buy) and an A Momentum Style Score stock.

Backing up its top Momentum Style Score is a 12-week price change of 30.51%, as well as a 4-week price change of 24.34%. The company has also has seen positive EPS revision activity, with 1 analyst raising their estimate for the current year in just the last 30 days, which has pushed the current year EPS from $0.78 to $0.95.

Man Wah also has a B for its Growth Style Score, mainly in part to a return on equity figure of 23.68%, current cash flow growth of 10.09%, and projected EPS growth of 35.71% for the current year. With its strong Style Scores and top Zacks Rank, Man Wah clearly holds a great deal of potential moving forward, and investors should take note.

The J.M Smucker Corporation (SJM - Free Report)

Headquartered in Orrville, Ohio, The J.M. Smucker Corporation manufactures and markets branded food products worldwide. The company is a leader in several categories such as jellies, jams, preserves, other fruit spreads, desert toppings, natural peanut butter, as well as health and natural food products in the U.S. and abroad.

SJM is also both a Zacks Rank #1 (Strong Buy) and an A Momentum Style Score stock, and operates in an industry that’s ranked in the top 16% of all industries by Zacks. The company’s stock has been rolling lately, with a 12-week price change of 10.25%, and a price change of 10.33% in just the last week.

There has also been a large amount of positive estimate revision activity from analysts covering the stock lately. For the current year 6 analysts have raised their estimates in just the last 7 days, pushing the current year EPS estimate up to $7.36, far higher than the figure of $6.39. The current figure represents projected year-over-year EPS growth of 12.07%.

For those investors looking for a well-known company with a stock that has had a huge amount of momentum behind it as of late SJM could be a great pick. The stock has been extremely successful recently, and still holds potential moving forward, especially as it’s armed with a top Zacks Rank and operating in such a strong industry.

Bottom Line

Though they were just added to the list of Zacks Rank #1 (Strong Buy) stocks today, the three stocks above have been on a roll lately, and each has several factors behind it that point to a continuation of these recent successes. For investors looking for fresh stock picks with built-up momentum behind them, CCU, MAWHY, and SJM all provide solid picks with great potential moving forward.

Be sure to check out all the Zacks Rank #1 (Strong Buy) Stocks!

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