Best Momentum Stocks to Buy for August 16th

DGII SOHO OCFC

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 16th:

Sotherly Hotels (SOHO - Free Report) : This real estate investment trust which focuses on the acquisition, renovation, up branding and repositioning of upscale upper-upscale full-service hotels primarily in the Mid-Atlantic and Southern United States, has a Zacks Rank #1(Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.5% over the last 60 days.

Sotherly Hotel’s shares gained 32.5% over the last three months compared with the S&P 500’s gain of 7.7%. The company possesses a Momentum Score of A.

Digi International (DGII - Free Report) : This company which is a leading global provider of business and mission-critical Internet of Things (IoT) products and services, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing .65% over the last 60 days.

Digi International’s shares gained 60.4% over the last three months compared with the S&P 500’s gain of 7.7%. The company possesses a Momentum Score of B.

OceanFirst Financial (OCFC - Free Report) : This community banking service company which accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.

OceanFirst Financial’s shares gained 15.6% over the last three months compared with the S&P 500’s gain of 7.7%. 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.

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention. 

See them now >>