Top Ranked Momentum Stocks to Buy for August 20th

TRNS TUP ARCB

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, August 20th:

Transcat, Inc. (TRNS - Free Report) : This provider of calibration and laboratory instrument services has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.1% over the last 60 days.

 

Transcat’s shares gained 4.9% over the last one month compared with the S&P 500’s growth of 1.2%. The company possesses a Momentum Score of A.

 

ArcBest Corporation (ARCB - Free Report) : This provider of freight transportation and integrated logistics services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.1% over the last 60 days.

 

ArcBest’s shares gained 7.8% over the last one month. The company possesses a Momentum Score of A.

 

Tupperware Brands Corporation (TUP - Free Report) : This consumer products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.5% over the last 60 days.

 

Tupperware’s shares gained 4.1% over the last one month. The company possesses a Momentum Score of B.

 

Daseke, Inc. : This provider of transportation and logistics solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Daseke’s shares gained 39.7% over the last one month. The company possesses a Momentum Score of B.

 

See the full list of top ranked stocks here

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

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 >>