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Best Momentum Stocks to Buy for May 2nd

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 2nd:

Avnet (AVT - Free Report) : This world’s largest distributor of electronic components and computer products company, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Avnet, Inc. Price and Consensus

Avnet, Inc. Price and Consensus

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

Avnet’s shares gained 6.7% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum Score of A.

Iamgold (IAG - Free Report) : This international gold exploration and mining company based in Canada, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 180% over the last 60 days.

Iamgold’s shares gained 10.6% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum  Score of A

C.H. Robinson Worldwide (CHRW - Free Report) : This company which provides freight transportation services and logistic solutions to companies across a wide range of industries, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

C.H. Robinson Worldwide’s shares gained 19.2% over the last three months compared with the S&P 500’s decline of 7.6%. 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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Avnet, Inc. (AVT) - free report >>

C.H. Robinson Worldwide, Inc. (CHRW) - free report >>

Iamgold Corporation (IAG) - free report >>

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