Best Momentum Stocks to Buy for August 3rd

RCL ACGL EDU

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 3rd:

Royal Caribbean Cruises Ltd. (RCL - Free Report) : This cruise-line company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.3% over the last 60 days.

Royal Caribbean’s shares gained 46.4% over the last three months compared with the S&P 500’s advance of 13.3%. The company possesses a Momentum Score of A.

New Oriental Education & Technology Group Inc. (EDU - Free Report) : This company that provides private educational services in China has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days.

New Oriental’s shares gained 32.4% over the last three months compared with the S&P 500’s advance of 13.3%. The company possesses a Momentum Score of A.

Arch Capital Group Ltd. (ACGL): This insurance company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.

Arch Capital’s shares gained 24.4% over the last six months compared with the S&P 500’s advance of 12.2%. 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 #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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