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Top Ranked Momentum Stocks to Buy for July 24th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 24th:

Abbott Laboratories (ABT - Free Report) : This developer and manufacturer of health care products has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.

Abbott Laboratories Price and Consensus

Abbott Laboratories’ shares gained 3.9% over the last one month more than S&P 500’s gain of 2.9%. The company possesses a Momentum Score of B.

Abbott Laboratories Price

Churchill Downs Incorporated (CHDN - Free Report) : This owner and operator of a racing, gaming, and online entertainment has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings climbing 0.7% over the last 60 days.

Churchill Downs, Incorporated Price and Consensus

Churchill Downs’ shares gained 3.2% over the last one month. The company possesses a Momentum Score of B.

Churchill Downs, Incorporated Price

Cleveland-Cliffs Inc. (CLF - Free Report) : This owner and operator of an iron ore mining company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 14.2% over the last 60 days.

Cleveland-Cliffs Inc. Price and Consensus

Cleveland-Cliffs’ shares gained 27.6% over the last one month. The company possesses a Momentum Score of A.

Cleveland-Cliffs Inc. Price

Ardelyx, Inc. (ARDX - Free Report) : This provider of non-hazardous solid waste collection and recycling services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.

Ardelyx, Inc. Price and Consensus

Ardelyx’s shares gained 10.3% over the last one month. The company possesses a Momentum Score of A.

Ardelyx, Inc. Price

See the full list of top ranked stocks here

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

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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