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Best Momentum Stocks to Buy for March 16th

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 16th:

Sumitomo Mitsui Financial Group, Inc. (SMFG - Free Report) : This company that provides commercial banking, leasing, securities, consumer finance, and other services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.

Sumitomo Mitsui’s shares gained 11.9% over the last three months compared with the S&P 500’s advance of 2.8%. The company possesses a Momentum Score of A.

Playa Hotels & Resorts N.V. : This company that operates resorts in prime beachfront locations in Mexico has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.3% over the last 60 days.

Playa’s shares gained 45.7% over the last three months compared with the S&P 500’s advance of 2.8%. The company possesses a Momentum Score of A.

Ryerson Holding Corporation : This industrial metals processing and distribution company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.8% over the last 60 days.

Ryerson’s shares gained 11.4% over the last three months compared with the S&P 500’s advance of 2.8%. 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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