Best Momentum Stocks to Buy for September 13th

RGA CDNS PSX

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 13th:

Phillips 66 (PSX - Free Report) : This Houston-based company with operations incorporating refining, midstream, marketing and specialties, and chemicals, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current yearearnings increasing 11.9% over the last 60 days.

Phillips 66’s shares gained 16.8% over the last six months compared with the S&P 500’s decline of 1.6%. The company possesses a Momentum Score of A.

Reinsurance Group of America (RGA - Free Report) : This company whichis a leading global provider of traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia and Australia, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current yearearnings increasing 34.7% over the last 60 days.

Reinsurance Group of America’s shares gained 14.3% over the last three months compared with the S&P 500’s gain of 10.3%. The company possesses a Momentum Score of A.

Cadence Design Systems (CDNS - Free Report) : This San Jose-based company that offers products and tools that help customers to design electronic products,has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current yearearnings increasing 5.7% over the last 60 days.

Cadence Design Systems’s shares gained 22.0% over the last three months compared with the S&P 500’s gain of 10.3%. 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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