Best Momentum Stocks to Buy for January 16th

EURN OKTA DDI

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

DoubleDown Interactive Co., Ltd. (DDI - Free Report) : This digital gaming company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 1921.7% over the last 60 days.

DoubleDown’s shares gained 5.5% over the last one month compared with the S&P 500’s advance of 4.6%. The company possesses a Momentum Scoreof B.

Okta, Inc. (OKTA - Free Report) : This company that provides identity solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 62.5% over the last 60 days.

Okta’s shares gained 34% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score of B.

Euronav NV (EURN - Free Report) : This crude oil transportation company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.2% over the last 60 days.

Euronav’s shares gained 16.8% over the last six months compared with the S&P 500’s advance of 3.4%. 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.

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 >>