Back to top

Image: Bigstock

Top Ranked Momentum Stocks to Buy for August 20th

Read MoreHide Full Article

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, August 20th:

Acacia Communications, Inc. : This developer and manufacturer of high-speed coherent optical interconnect productshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 51.5% over the last 60 days.

Acacia Communications, Inc. Price and Consensus

Acacia’s shares gained 10.7% over the last one month more than S&P 500’s gain of 1.5%. The company possesses a Momentum Score of A.

Acacia Communications, Inc. Price

LyondellBasellIndustries N.V. (LYB - Free Report) : This chemical company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 6.1% over the last 60 days.

LyondellBasell Industries N.V. Price and Consensus

LyondellBasell’s shares gained 5.1% over the last one month. The company possesses a Momentum Score of B.

LyondellBasell Industries N.V. Price

Jefferies Financial Group Inc. (JEF - Free Report) : This financial services company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings jumping 9.7% over the last 60 days.

Leucadia National Corporation Price and Consensus

Jefferies Financial’s shares gained 2.9% over the last one month. The company possesses a Momentum Score of B.

Leucadia National Corporation Price

Shenandoah Telecommunications Company (SHEN - Free Report) : This telecom services provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings jumping 34.2% over the last 60 days.

Shenandoah Telecommunications Co Price and Consensus

Shenandoah’s shares gained 18.9% over the last one month. The company possesses a Momentum Score of B.

Shenandoah Telecommunications Co Price

See the full list of top ranked stocks here

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

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>