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Top Ranked Momentum Stocks to Buy for January 6th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 6th:

Danaos Corporation (DAC - Free Report) : This owner and operator of containerships has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.5% over the last 60 days.

 

Danaos’ shares gained 68.9% over the last one month in contrast the S&P 500’s growth of 0.8%. 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 27.4% over the last one month in contrast the S&P 500 declined 2%. The company possesses a Momentum Score of A.

 

Welbilt, Inc. (WBT - Free Report) : This designer, manufacturer, and supplier of foodservice equipment has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days.

 

Welbilt, Inc. Price and Consensus

Welbilt, Inc. Price and Consensus

Welbilt, Inc. price-consensus-chart | Welbilt, Inc. Quote

 

Welbilt’s shares gained 18.1% over the last one month. The company possesses a Momentum Score of A.

 

TechTarget, Inc. (TTGT - Free Report) : This provider of specialized online content for buyers of enterprise information technology (IT) products and services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.

 

TechTarget, Inc. Price and Consensus

TechTarget, Inc. Price and Consensus

TechTarget, Inc. price-consensus-chart | TechTarget, Inc. Quote

 

TechTarget’s shares gained 19.4% 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.

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