Best Momentum Stocks to Buy for August 29th

TCEHY BBVA

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 29th:

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA - Free Report) : This banking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 4.6% over the last 60 days.

Banco Bilbao’s shares gained 15.6% over the last three months compared with the S&P 500’s advance of 4.5%. The company possesses a Momentum Score  of B.

Splunk Inc. : This software and cloud solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.

Splunk’s shares gained 18.2% over the last three months compared with the S&P 500’s advance of 4.5%. The company possesses a Momentum Score of B.

Tencent Holdings Limited (TCEHY - Free Report) : This investment holding company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

Tencent’s shares gained 5.5% over the last three months compared with the S&P 500’s advance of 4.5%. 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.

See This Stock Now for Free >>