Best Momentum Stocks to Buy for May 30th

AVAV MNST MELI

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 30th:

Monster Beverage Corporation (MNST - Free Report) : This company which is a marketer and distributor of energy drinks and alternative beverages, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.

Monster’s shares gained 16.2% over the last three months compared with the S&P 500’s decline of 8.1%. The company possesses a Momentum Score of A.

 

MercadoLibre, Inc. (MELI - Free Report) : This company which is one of the largest e-commerce platforms in Latin America, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.

MercadoLibre’s shares gained 36.3% over the last six months compared with the S&P 500’s advance of 4.8%. The company possesses a Momentum Score of A.

AeroVironment (AVAV - Free Report) : This company which designs, develops, produces, operates a portfolio of products and services for government agencies, businesses and consumers, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its next year earnings increasing 12.8% over the last 60 days.

AeroVironment’s shares gained 9.0% over the last three months compared with the S&P 500’s gain of 8.1%. 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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