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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.
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>>