Top Ranked Momentum Stocks to Buy for March 23rd

BHP AVGO HII AAOI

Here are four stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, March 23rd:

Applied Optoelectronics, Inc. (AAOI - Free Report) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days.

Applied Optoelectronics’ shares soared 41.8% over the past one month. The company possesses a Momentum Score of B.

Broadcom Ltd (AVGO - Free Report) : This developer and global supplier of a range of semiconductor devices has seen the Zacks Consensus Estimate for its current year earnings advancing 6.8% over the last 60 days.

Broadcom’s shares gained 1.5% over the last one month. The company possesses a Momentum Score of B.

BHP Billiton Limited (BHP - Free Report) : This global natural resources company has seen the Zacks Consensus Estimate for its current year earnings advancing 35.3% over the last 60 days.

BHP Billiton’s shares gained 14.2% over the last six months. The company possesses a Momentum Score of A.

Huntington Ingalls Industries Inc (HII - Free Report) : This military shipbuilding company has seen the Zacks Consensus Estimate for its current year earnings advancing 8.3% over the last 60 days.

Huntington Ingalls’ shares gained 11.2% over the last three months. 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

 Long-Term Buys You Won't See in the News                                                                                                         

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Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>