Back to top

Image: Bigstock

Best Momentum Stocks to Buy for August 2nd

Read MoreHide Full Article

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

Uber Technologies, Inc. (UBER - Free Report) : This company that provides app-based mobility, delivery and freight services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 42.9% over the last 60 days.

Uber’s shares gained 23.2% over the last three months compared with the S&P 500’s advance of 12.8%. The company possesses a Momentum Score of A.

Lam Research Corporation (LRCX - Free Report) : This company that manufactures and services semiconductor equipments has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.

Lam Research’s shares gained 39.1% over the last three months compared with the S&P 500’s advance of 12.8%. The company possesses a Momentum Score of A.

PACCAR Inc (PCAR - Free Report) : This manufacturer of heavy-duty commercial trucks has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

PACCAR Inc. Price and Consensus

PACCAR Inc. Price and Consensus

PACCAR Inc. price-consensus-chart | PACCAR Inc. Quote

PACCAR’s shares gained 20.6% over the last three months compared with the S&P 500’s advance of 12.8%. The company possesses a Momentum Score of A.

 

See the full list of top ranked stocks here

 

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


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


PACCAR Inc. (PCAR) - free report >>

Lam Research Corporation (LRCX) - free report >>

Uber Technologies, Inc. (UBER) - free report >>

Published in