Top Ranked Momentum Stocks to Buy for August 31st

EL YELP TCMD

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, August 31st:

Sanderson Farms, Inc. : This integrated poultry processing company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 24.7% over the last 60 days.

Sanderson Farms' shares gained 14.5% over the last one month in contrast to S&P 500’s loss of 0.6%. The company possesses a Momentum Score of A.

Estee Lauder Companies, Inc. (EL - Free Report) : This manufacturer of skin care and hair care products has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Estee Lauder’s shares gained 6.7% over the last one month. The company possesses a Momentum Score of A.

Tactile Systems Technology, Inc. (TCMD - Free Report) : This medical technology companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.

Tactile Systems Technology's shares gained 7.4% over the last one month. The company possesses a Momentum Score of A.

Yelp Inc. (YELP - Free Report) : This crowd-sourced review provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Yelp’s shares gained 29.9% 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.

One Simple Trading Idea

Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.

This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today. Learn more >>

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 >>