Best Momentum Stocks to Buy for May 15th

FCNCA WIRE SHAK

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 15th:

First Citizens BancShares, Inc. (FCNCA - Free Report) : This holding company for First-Citizens Bank & Trust Company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 67.2% over the last 60 days.

First Citizens’ shares gained 65.1% over the last three months compared with the S&P 500’s advance of 1.8%. The company possesses a Momentum Score of A.

Shake Shack Inc. (SHAK - Free Report) : This restaurant franchise has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 550% over the last 60 days.

Shake Shack’s shares gained 15% over the last three months compared with the S&P 500’s advance of 1.7%. The company possesses a Momentum Score of A.

Encore Wire Corporation (WIRE - Free Report) : This electrical building wires and cables company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

Encore Wire’s shares gained 13.1% over the last six months compared with the S&P 500’s advance of 4.8%. 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.

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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