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Top Ranked Momentum Stocks to Buy for January 4th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 4th:

Trinseo S.A. (TSE - Free Report) : This materials company that manufactures and markets synthetic rubber, latex binders, and plastic products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Trinseo S.A. Price and Consensus

Trinseo S.A. Price and Consensus

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

 

Trinseo’s shares gained 27.7% over the last one month in contrast the S&P 500’s growth of 2.4%. The company possesses a Momentum Score of A.

 

Schnitzer Steel Industries, Inc. (SCHN - Free Report) : This recycler of ferrous and nonferrous scrap metals; and manufacturer of finished steel products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.9% over the last 60 days.

 

Schnitzer Steel's shares gained 20.9% over the last one month in contrast the S&P 500 declined 2%. The company possesses a Momentum Score of A.

 

Evercore Inc. (EVR - Free Report) : This operator of independent investment banking advisory firm has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% 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 15.3% over the last one month. The company possesses a Momentum Score of A.

 

Magna International Inc. (MGA - Free Report) : This designer, engineer, and manufacturer of components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 45.3% over the last 60 days.

 

Magna’s shares gained 14.2% 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.

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>>

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