Best Momentum Stocks to Buy for March 12th

KFY SMFG LI

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 12th:

Li Auto Inc. (LI - Free Report) : This China-based new energy vehicles company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.

Li Auto’s shares gained 22.1% over the past month compared with the S&P 500’s advance of 3%. The company possesses a Momentum Score  of A.

Sumitomo Mitsui Financial Group, Inc. (SMFG - Free Report) : This company that provides commercial banking, leasing, securities, consumer finance, and other services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.

Sumitomo Mitsui’s shares gained 17.2% over the last three months compared with the S&P 500’s advance of 8.4%. The company possesses a Momentum Score of A.

Korn Ferry (KFY - Free Report) : This consulting services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.

Korn Ferry’s shares gained 14.8% over the last three months compared with the S&P 500’s advance of 8.4%. 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 "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock And 4 Runners Up