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Top Ranked Momentum Stocks to Buy for January 5th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 5th:

PennyMac Financial Services, Inc. (PFSI - Free Report) : This company that is engaged in mortgage banking and investment management activities in the United States has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.6% over the last 60 days.

PennyMac Financial Services, Inc. Price and Consensus

PennyMac's shares gained 6% over the last one month compared to S&P 500’s rise of +0.2%. The company possesses a Momentum Score of B.

PennyMac Financial Services, Inc. Price

Winnebago Industries, Inc. (WGO - Free Report) : This manufacturer and seller of recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 29.5% over the last 60 days.

Winnebago Industries, Inc. Price and Consensus

Winnebago's shares gained 4.6% over the last one month. The company possesses a Momentum Score of A.

Winnebago Industries, Inc. Price

Quidel Corporation (QDEL - Free Report) : This developer and manufacturer of diagnostic testing solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Quidel Corporation Price and Consensus

Quidel's shares gained 1.3% over the last one month. The company possesses a Momentum Score of B.

Quidel Corporation Price

Fox Factory Holding Corp. (FOXF - Free Report) : This designer and engineer of ride dynamics products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.8% over the last 60 days.

Fox Factory Holding Corp. Price and Consensus

Fox Factory's shares gained 9.5% over the last one month. The company possesses a Momentum Score of B.

Fox Factory Holding Corp. Price

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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