Back to top

Image: Bigstock

Top Ranked Momentum Stocks to Buy for January 24th

Read MoreHide Full Article

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 24th:              

ACM Research, Inc. (ACMR - Free Report) : This company that develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 1% over the last 60 days.        

ACM Research’s shares gained more than 100% over the last one month above the S&P 500’s increase 3.2%. The company possesses a Momentum Score of A.

Morgan Stanley (MS - Free Report) : This is a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days.

Morgan Stanley’s shares gained 9.5% over the last one month. The company possesses a Momentum Score of A.

Signet Jewelers Limited (SIG - Free Report) : This company that engages in the retail sale of diamond jewelry, watches, and other products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days.

Signet Jewelers’ shares gained 28.6% over the last one month. The company possesses a Momentum Score of A.

Xenon Pharmaceuticals Inc. (XENE - Free Report) : This a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat patients with neurological disorders has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 51.4% over the last 60 days.

Xenon Pharmaceuticals’ shares gained 12.3% over the last one month. 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.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2020 today >>

Published in