Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 20^th:

Reliance Steel & Aluminum Co. (RS Quick QuoteRS - Free Report) : This leading metals service center company has a Zacks Rank #2 (Buy) and witnessedthe Zacks Consensus Estimate for its current year earnings rising 0.2% over the last 60 days.

Reliance Steel & Aluminum’s shares gained 10.2% over the last three months higher than S&P 500’s gains of 5.6%. The company possesses a Momentum Score of B.

Morgan Stanley (MS Quick QuoteMS - Free Report) : This global financial services firm has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings soaring 10.5% over the last 60 days.

Morgan Stanley’s shares gained 28.9% over the last three months. The company possesses a Momentum Score of A.

TransAlta Corporation (TAC Quick QuoteTAC - Free Report) : This major Canadian non-regulated electric generation company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings jumping 25% over the last 60 days.

TransAlta’s shares gained 27.7% over the last three months. The company possesses a Momentum Score of A.

Movado Group, Inc. (MOV Quick QuoteMOV - Free Report) : This designer and distributor of quality watches has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% over the last 60 days.

Movado Group’s shares gained 15.7% over the last three months. 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' Top 10 Stocks for 2017

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