Top Ranked Momentum Stocks to Buy for July 2nd

BZUN PATK

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

Baozun Inc. (BZUN - Free Report) : This brand e-commerce service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Baozun’s shares gained 32.1% over the last one month compared to the S&P 500 rise of 2%. The company possesses a Momentum Score of A.

Patrick Industries, Inc. (PATK - Free Report) : This building products and materials manufacturer and distributor has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.8% over the last 60 days.

Patrick Industries’ shares gained 8.7% over the last one month. The company possesses a Momentum Score of A.

58.com Inc. : This multi-category online classifieds platform has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 44% over the last 60 days.

58.com’s shares gained 7.8% over the last one month. 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.

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Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.

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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 a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent 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 >>