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Best Momentum Stock to Buy for March 23rd

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 23rd:

FIGS (FIGS - Free Report) : This direct-to-consumer healthcare apparel and lifestyle brand, which creates technically advanced apparel and products for healthcare professionals, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 90% over the last 60 days.

FIGS, Inc. Price and Consensus

FIGS, Inc. Price and Consensus

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

FIGS' shares gained 20.1% over the last three month compared with the S&P 500’s decline of 5.8%. The company possesses a Momentum Score of A.

Karat Packaging (KRT - Free Report) : This company, which is a specialty distributor and manufacturer of disposable foodservice products and related items, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21% over the last 60 days.

Karat Packaging’s shares gained 21.3% over the last three month compared with the S&P 500’s decline of 5.7%. The company possesses a Momentum Score of A.

Enerflex Ltd. (EFXT - Free Report) : This company, which provides oilfield services for natural gas and petroleum producers, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.5% over the last 60 days.

Enerflex’s shares gained 40.7% over the last three month compared with the S&P 500’s decline of 5.7%. 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.

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