We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
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.
Schnitzer Steel Industries, Inc. : 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 Industries, Inc. Price and Consensus
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.
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.
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.
Image: Shutterstock
Top Ranked Momentum Stocks to Buy for January 4th
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-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.
Trinseo S.A. Price
Trinseo S.A. price | Trinseo S.A. Quote
Schnitzer Steel Industries, Inc. : 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 Industries, Inc. Price and Consensus
Schnitzer Steel Industries, Inc. price-consensus-chart | Schnitzer Steel Industries, Inc. Quote
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.
Schnitzer Steel Industries, Inc. Price
Schnitzer Steel Industries, Inc. price | Schnitzer Steel Industries, Inc. Quote
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-consensus-chart | Evercore Inc Quote
Evercore’s shares gained 15.3% over the last one month. The company possesses a Momentum Score of A.
Evercore Inc Price
Evercore Inc price | Evercore Inc Quote
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 International Inc. Price and Consensus
Magna International Inc. price-consensus-chart | Magna International Inc. Quote
Magna’s shares gained 14.2% over the last one month. The company possesses a Momentum Score of A.
Magna International Inc. Price
Magna International Inc. price | Magna International Inc. Quote
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>>