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Top Ranked Momentum Stocks to Buy for July 8th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 8th:

Fastenal Company (FAST - Free Report) : This wholesaler of industrial and construction supplies has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.

Fastenal Company Price and Consensus

Fastenal's shares gained 3.3% over the last one month compared to S&P 500’s fall of -1.5%. The company possesses a Momentum Score of A.

Fastenal Company Price

Purple Innovation, Inc. (PRPL - Free Report) : This designer and manufacturer of mattresses, pillows, and cushions has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

PURPLE INNOVATION, INC. Price and Consensus

Purple Innovation’s shares gained 21% over the last one month. The company possesses a Momentum Score of B.

PURPLE INNOVATION, INC. Price

Calix, Inc. (CALX - Free Report) : This provider of cloud and software platforms has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days.

Calix, Inc Price and Consensus

Calix's shares gained 0.1% over the last one month. The company possesses a Momentum Score of A.

Calix, Inc Price

National Beverage Corp. (FIZZ - Free Report) : This producer and seller of sparkling waters, juices, energy drinks, and carbonated soft drinks has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 35.6% over the last 60 days.

National Beverage Corp. Price and Consensus

National Beverage's shares gained 13.3% over the last one month. The company possesses a Momentum Score of A.

National Beverage Corp. Price

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

5 Stocks to Soar Past the Pandemic:In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.

See the 5 high-tech stocks now>>