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Top Ranked Momentum Stocks to Buy for January 8th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 8th:

ACM Research, Inc. (ACMR - Free Report) : This developer, manufacturer, and seller of single-wafer wet cleaning equipment has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.

 

ACM Research’s shares gained 19.2% over the last one month in contrast the S&P 500’s growth of 3%. The company possesses a Momentum Score of A.

 

The Goldman Sachs Group, Inc. (GS - Free Report) : This investment banking, securities, and investment management company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.

 

Goldman Sachs’ shares gained 22.3% over the last one month. The company possesses a Momentum Score of A.

 

Rio Tinto Group (RIO - 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 29.9% over the last 60 days.

 

Rio Tinto PLC Price and Consensus

Rio Tinto PLC Price and Consensus

Rio Tinto PLC price-consensus-chart | Rio Tinto PLC Quote

 

Rio Tinto’s shares gained 17.8% over the last one month. The company possesses a Momentum Score of A.

 

Quanex Building Products Corporation (NX - Free Report) : This provider of components for the fenestration industry has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.6% over the last 60 days.

 

Quanex Building Products’ shares gained 16.9% 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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