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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 of top ranked stocks, and these three also happened to have top Momentum Style Scores.
Below are three stocks that hold both a Zacks Rank #1 (Strong Buy) in addition to an A for their Momentum Style Scores:
NTT DOCOMO Inc.
Providing mobile communications services in Japan is NTT DOCOMO Inc. The company operates in 3 segments: Telecommunications Business, SmartLife Business, and Other. Through these segments the company is able to provide a wide variety of leading-edge mobile multimedia services.
DCM is a Zacks Rank #1 (Strong Buy) stock operating in an industry that is ranked in the top 33% of all industries by Zacks. The company’s A Momentum Style Score can be attributed to its stock price steadily climbing over the last year with a 52-week price change of 36.80%, and a more recent 4-week price change of 3.55%. Also, EPS estimates for the current year have risen by 10.77% in the last month, and 17.55% during the current quarter. The current estimate stands at 1.44, much higher than the estimate 30 days ago of 1.30.
DCM also has a solid growth outlook, earning the company a B Growth Style Score from Zacks. Behind the score is a solid return on equity figure of 10.65%, a net margin of 11.96%, and projected EPS growth of 14.29% this year as well as 20.14% growth next year.
Applied Materials Inc. provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic and related industries worldwide. The company operates through four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. Applied Materials was founded in 1967 and is headquartered in Santa Clara, California.
Also a Zacks Rank #1 (Strong Buy) stock, Applied Materials also operates in a strong industry, as it’s ranked in the top 5% of all industries by Zacks. The company’s A Momentum Style Score can be attributed to a significant 4-week price change of 18.98% and a great deal of positive EPS estimate revision activity. In the last 30 days there have been a whopping 10 analysts who have raised their current year EPS estimates, pushing the current year estimate up 17% in the last month. Also for next year’s estimates, 9 analysts have raised their estimates in just the last 30 days.
Along with its top momentum style score, Applied Materials also is projected for strong growth, both in sales and earnings. For the current year the company has projected EPS growth of 28.99%, with 19.15% growth projected for next year as well. In regards to sales, the company has projected growth of 7.68% this year, and 8.14% the following year.
BAE Systems PLC is a global company engaged in the development, delivery, and support of advanced defense and aerospace systems in the air, on land, and at sea. The company consists of three operating groups that provide support and service solutions for current and future defense, intelligence, and civilian systems, as well as to design, develop, and manufacture a wide range of electric systems and subsystems for both military and commercial applications.
The company of course also a Zacks Rank #1 (Strong Buy) stock, and it too operates in a strong industry which is ranked in top 31% of all industries by Zacks. The company’s momentum score can be attributed to the analyst EPS estimate revision activity that has been occurring lately. In the last 60 days, there have been 2 analysts who have raised their current year EPS estimates. EPS estimates have increased 5.18% in the last 30 days, with the current year estimate sitting at 2.30, much higher than the previous consensus estimate of 2.19.
BAE Systems also has a B for its Growth and Value Style Scores. The company’s stock has solid value, as seen by a low PE ratio of 11.84, an earnings yield of 8.55%, and above industry average cash flow per share of 3.32. BAE Systems also continues to grow as a business, with a return on equity figure of 42.07%, and current year projected sales growth of 8.53%.
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, DCM, AMAT, and BAESY all provide solid picks with great potential moving forward.
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3 New Strong Buy Momentum Stocks For June 17th
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 of top ranked stocks, and these three also happened to have top Momentum Style Scores.
Below are three stocks that hold both a Zacks Rank #1 (Strong Buy) in addition to an A for their Momentum Style Scores:
NTT DOCOMO Inc.
Providing mobile communications services in Japan is NTT DOCOMO Inc. The company operates in 3 segments: Telecommunications Business, SmartLife Business, and Other. Through these segments the company is able to provide a wide variety of leading-edge mobile multimedia services.
DCM is a Zacks Rank #1 (Strong Buy) stock operating in an industry that is ranked in the top 33% of all industries by Zacks. The company’s A Momentum Style Score can be attributed to its stock price steadily climbing over the last year with a 52-week price change of 36.80%, and a more recent 4-week price change of 3.55%. Also, EPS estimates for the current year have risen by 10.77% in the last month, and 17.55% during the current quarter. The current estimate stands at 1.44, much higher than the estimate 30 days ago of 1.30.
DCM also has a solid growth outlook, earning the company a B Growth Style Score from Zacks. Behind the score is a solid return on equity figure of 10.65%, a net margin of 11.96%, and projected EPS growth of 14.29% this year as well as 20.14% growth next year.
NTT DOCOMO -ADR Price
NTT DOCOMO -ADR Price | NTT DOCOMO -ADR Quote
Applied Materials Inc. (AMAT - Free Report)
Applied Materials Inc. provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic and related industries worldwide. The company operates through four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. Applied Materials was founded in 1967 and is headquartered in Santa Clara, California.
Also a Zacks Rank #1 (Strong Buy) stock, Applied Materials also operates in a strong industry, as it’s ranked in the top 5% of all industries by Zacks. The company’s A Momentum Style Score can be attributed to a significant 4-week price change of 18.98% and a great deal of positive EPS estimate revision activity. In the last 30 days there have been a whopping 10 analysts who have raised their current year EPS estimates, pushing the current year estimate up 17% in the last month. Also for next year’s estimates, 9 analysts have raised their estimates in just the last 30 days.
Along with its top momentum style score, Applied Materials also is projected for strong growth, both in sales and earnings. For the current year the company has projected EPS growth of 28.99%, with 19.15% growth projected for next year as well. In regards to sales, the company has projected growth of 7.68% this year, and 8.14% the following year.
APPLD MATLS INC Price
APPLD MATLS INC Price | APPLD MATLS INC Quote
BAE Systems PLC (BAESY - Free Report)
BAE Systems PLC is a global company engaged in the development, delivery, and support of advanced defense and aerospace systems in the air, on land, and at sea. The company consists of three operating groups that provide support and service solutions for current and future defense, intelligence, and civilian systems, as well as to design, develop, and manufacture a wide range of electric systems and subsystems for both military and commercial applications.
The company of course also a Zacks Rank #1 (Strong Buy) stock, and it too operates in a strong industry which is ranked in top 31% of all industries by Zacks. The company’s momentum score can be attributed to the analyst EPS estimate revision activity that has been occurring lately. In the last 60 days, there have been 2 analysts who have raised their current year EPS estimates. EPS estimates have increased 5.18% in the last 30 days, with the current year estimate sitting at 2.30, much higher than the previous consensus estimate of 2.19.
BAE Systems also has a B for its Growth and Value Style Scores. The company’s stock has solid value, as seen by a low PE ratio of 11.84, an earnings yield of 8.55%, and above industry average cash flow per share of 3.32. BAE Systems also continues to grow as a business, with a return on equity figure of 42.07%, and current year projected sales growth of 8.53%.
BAE SYSTEMS-ADR Price
BAE SYSTEMS-ADR Price | BAE SYSTEMS-ADR Quote
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, DCM, AMAT, and BAESY all provide solid picks with great potential moving forward.
Be sure to check out all the Zacks Rank #1 (Strong Buy) Stocks!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>