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Best Momentum Stock 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:

Sprouts Farmers Market (SFM - Free Report) : This company which operates in a highly fragmented grocery store industry, has a unique model that features fresh produce, foods section, and a vitamin department focused on overall wellness, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 60 days.

Sprouts Farmers Market’s shares gained 7.4% over the last three month compared with the S&P 500’s decline of 6.6%. The company possesses a Momentum Score of A.

Agnico Eagle Mines (AEM - Free Report) : This company which is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.2% over the last 60 days.

Agnico Eagle Mines’ shares gained 19.1% over the last three month compared with the S&P 500’s decline of 6.6%. The company possesses a Momentum Score of A.

Banco Santander Chile (BSAC - Free Report) : This company which is the largest bank in Chile, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.

Banco Santander Chile’s shares gained 18.9% over the last three month compared with the S&P 500’s decline of 6.6%. 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


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Agnico Eagle Mines Limited (AEM) - free report >>

Sprouts Farmers Market, Inc. (SFM) - free report >>

Banco Santander Chile (BSAC) - free report >>

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