Best Momentum Stocks to Buy for September 2nd

LPLA MBWM PDD

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

Pinduoduo Inc. (PDD - Free Report) : This e-commerce company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 86.3% over the last 60 days.

Pinduoduo Inc. Sponsored ADR Price and Consensus

Pinduoduo's shares gained 35.6% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses a Momentum Score of A.

Pinduoduo Inc. Sponsored ADR Price

LPL Financial Holdings Inc. (LPLA - Free Report) : This integrated platform of brokerage and investment advisory services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

LPL Financial Holdings Inc. Price and Consensus

LPL’s shares gained 12.2% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses a Momentum Score of B.

LPL Financial Holdings Inc. Price

Mercantile Bank Corporation (MBWM - Free Report) : This bank holding company for Mercantile Bank of Michigan has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.5% over the last 60 days.

Mercantile Bank Corporation Price and Consensus

Mercantile’s shares gained 1.6% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses a Momentum Score of B.

Mercantile Bank Corporation Price

 

See the full list of top ranked stocks here

 

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

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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