Best Momentum Stocks to Buy for May 2nd

AVT CHRW IAG

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 2nd:

Avnet (AVT - Free Report) : This world’s largest distributor of electronic components and computer products company, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Avnet’s shares gained 6.7% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum Score of A.

Iamgold (IAG - Free Report) : This international gold exploration and mining company based in Canada, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 180% over the last 60 days.

Iamgold’s shares gained 10.6% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum  Score of A

C.H. Robinson Worldwide (CHRW - Free Report) : This company which provides freight transportation services and logistic solutions to companies across a wide range of industries, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

C.H. Robinson Worldwide’s shares gained 19.2% over the last three months compared with the S&P 500’s decline of 7.6%. 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 >>