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Top Ranked Momentum Stocks to Buy for December 16th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, December 16th:

The Michaels Companies, Inc. (MIK - Free Report) : This arts and crafts specialty retail stores operator has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.6% over the last 60 days.

 

Michaels’ shares gained 60.5% over the last one month compared with the S&P 500’s growth of 3.1%. 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 27.9% over the last one month. The company possesses a Momentum Score of A.

 

Ituran Location and Control Ltd. (ITRN - Free Report) : This location-based services and wireless communications products provider a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.7% over the last 60 days.

 

Ituran Location and Control’s shares gained 23.3% over the last one month. The company possesses a Momentum Score of A.

 

Evercore Inc. (EVR - Free Report) : This independent investment banking advisory firm has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.5% over the last 60 days.

 

Evercore Inc Price and Consensus

Evercore Inc Price and Consensus

Evercore Inc price-consensus-chart | Evercore Inc Quote

 

Evercore’s shares gained 18.2% 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.

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.

You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>