Best Momentum Stocks to Buy for August 2nd

PCAR LRCX UBER

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 2nd:

Uber Technologies, Inc. (UBER - Free Report) : This company that provides app-based mobility, delivery and freight services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 42.9% over the last 60 days.

Uber’s shares gained 23.2% over the last three months compared with the S&P 500’s advance of 12.8%. The company possesses a Momentum Score of A.

Lam Research Corporation (LRCX - Free Report) : This company that manufactures and services semiconductor equipments has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.

Lam Research’s shares gained 39.1% over the last three months compared with the S&P 500’s advance of 12.8%. The company possesses a Momentum Score of A.

PACCAR Inc (PCAR - Free Report) : This manufacturer of heavy-duty commercial trucks has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

PACCAR’s shares gained 20.6% over the last three months compared with the S&P 500’s advance of 12.8%. 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.

4 Oil Stocks with Massive Upsides

Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold." 

Zacks Investment Research has just released an urgent special report to help you bank on this trend. 

In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. 

Download your free report now to see them.