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Top Ranked Momentum Stocks to Buy for August 5th

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

Silicon Motion Technology Corporation (SIMO - Free Report) : This company that designs, develops and markets universally compatible and low-power semiconductor solutions has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.2% over the last 60 days.

 

Silicon Motion’s shares gained 30.2% over the last one month compared to S&P 500’s rise of 3.4%. The company possesses a Momentum Score of B.

 

ON Semiconductor Corporation (ON - Free Report) : This supplier of broadband and power management integrated circuits and standard semiconductors has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.4% over the last 60 days.

 

ON Semiconductor’s shares gained 18.9% over the last one month. The company possesses a Momentum Score of A.

 

ArcBest Corporation (ARCB - Free Report) : This company that provides freight transportation services and solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.3% over the last 60 days.

 

ArcBest’s shares gained 11.5% over the last one month. The company possesses a Momentum Score of B.

 

Mattel, Inc. (MAT - Free Report) : This leader in the design, manufacture and marketing of toys and family products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.

 

Mattel, Inc. Price and Consensus

Mattel, Inc. Price and Consensus

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

 

Mattel’s shares gained 5.8% over the last one month. The company possesses a Momentum Score of B.

 

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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