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Best Momentum Stocks to Buy for June 24th

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

The Kroger Co. (KR - Free Report) : This company which operates in the thin-margin grocery industry, has been undergoing a complete makeover, not only with respect to products but also in terms of the way consumers prefer shopping grocery, it has a Zacks Rank #1(Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.

The Kroger’s shares gained 10.1% over the last six months compared with the S&P 500’s decline of 20.7%. The company possesses a Momentum Score of A.

PetroChina : This largest integrated oil company in China which is one of the largest producers of crude oil and natural gas in the world, it has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current yearearnings increasing 10.6% over the last 60 days.

PetroChina’s shares gained 5.5% over the last six months compared with the S&P 500’s decline of 20.7%. The company possesses a Momentum  Score of B

Eagle Bulk Shipping (EGLE - Free Report) : This shipping company which is the largest U.S-based owner of Handymax dry bulk vessels, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.

Eagle Bulk Shipping’s shares gained 27.4% over the last six months compared with the S&P 500’s decline of 20.7%. 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.


In-Depth Zacks Research for the Tickers Above


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The Kroger Co. (KR) - free report >>

Eagle Bulk Shipping Inc. (EGLE) - free report >>