Best Momentum Stock to Buy for March 31st

KR ALGM TRIN

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 31st:

The Kroger Co. (KR - Free Report) : This company which operates as a food and drug retailer in the United State, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

The Kroger Co.’s shares gained 10.1% over the last three month compared with the S&P 500’s gain of 5.8%. The company possesses a Momentum Score of A.

Trinity Capital (TRIN - Free Report) : This internally managed business development company that provides debt, including loans and equipment financing, to growth stage companies, including venture-backed companies and companies with institutional equity investors, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.0% over the last 60 days.

Trinity Capital’s shares gained 19.0% over the last three months compared with the S&P 500’s gain of 5.8%. The company possesses a Momentum Score of A.

Allegro MicroSystems (ALGM - Free Report) : This company which is a designer, developer, fabless manufacturer and marketer of sensor integrated circuits and application-specific analog power ICs enabling emerging technologies in the automotive and industrial markets, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.

Allegro MicroSystems’ shares gained 57.8% over the last three months compared with the S&P 500’s gain of 5.8%. 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.

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