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Best Momentum Stocks to Buy for July 23rd

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

Pelagos Insurance Capital Limit (PLGO - Free Report) : This insurance and reinsurance company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Pelagos Insurance Capital's shares gained 20.9% over the last three months compared with the S&P 500’s decline of 5.1%. The company possesses a Momentum Score of A.

Ballard Power Systems Inc. (BLDP - Free Report) : This fuel cell technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.

Ballard Power Systems’ shares gained 21.1% over the last six months compared with the S&P 500’s decline of 8.7%. The company possesses a Momentum Score of B.

Genco Shipping & Trading Limited (GNK - Free Report) : This dry bulk shipping company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.1% over the last 60 days.

Genco Shipping & Trading Limited’s shares gained 9.7% over the last three months compared with the S&P 500’s decline of 5.0%. 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.

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