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Top Ranked Momentum Stocks to Buy for April 22nd

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, April 22nd:

Ardmore Shipping Corporation (ASC - Free Report) : This company engaged in the seaborne transportation of petroleum products and chemicals has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 32.5% over the last 60 days.

Ardmore Shipping’s shares gained 45.7% over the last one month above the S&P 500’s increase of 21.3%. The company possesses a Momentum Score of B.

CorMedix, Inc. (CRMD - Free Report) : This biopharmaceutical company has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.

CorMedix’s shares gained 48.5% over the last one month. The company possesses a Momentum Score of B.

Arcimoto, Inc. (FUV - Free Report) : This manufacturer of three-wheeled electric vehicles has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.1% over the last 60 days.

Arcimoto’s shares gained 27.6% over the last one month. The company possesses a Momentum Score of B.

Ovid Therapeutics Inc. (OVID - Free Report) : This biopharmaceutical company has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 25.4% over the last 60 days.

Ovid Therapeutics’ shares gained 38.9% over the last one month. 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.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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