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Top Ranked Momentum Stocks to Buy for December 3rd

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

Summit Midstream Partners, LP (SMLP - Free Report) : This midstream energy infrastructure assets owner, developer and operator has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 26% over the last 60 days.

 

Summit Midstream Partners’ shares gained 52.7% over the last one month compared with the S&P 500’s growth of 10.8%. The company possesses a Momentum Score of A.

 

Ternium S.A. (TX - Free Report) : This various steel products provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Ternium S.A. Price and Consensus

Ternium S.A. Price and Consensus

Ternium S.A. price-consensus-chart | Ternium S.A. Quote

 

Ternium’s shares gained 41.7% over the last one month. The company possesses a Momentum Score of A.

 

Private Bancorp of America, Inc. (PBAM - Free Report) : This bank holding company a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.

 

Private Bancorp of America’s shares gained 27.2% over the last one month. The company possesses a Momentum Score of A.

 

Domtar Corporation (UFS - Free Report) : This communication papers, specialty and packaging papers, and absorbent hygiene products manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Domtar’s shares gained 26.5% over the last one month. 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.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>