On December 29th, 2023, three stocks with strong buy rankings and momentum were highlighted for investors: Macy’s (M), Bunge Global (BG), and Transportadora de Gas del Sur S.A. (TGS). Macy’s has seen a 9.6% increase in current year earnings estimates, with shares gaining 26.3% over the last three months, outperforming the S&P 500’s 3.6% gain. Bunge Global’s earnings estimates rose by 4.8%, with its shares up 10.5% in the same period.
Transportadora de Gas del Sur S.A. experienced a significant increase in earnings estimates, up 34.3% over the past 60 days, and its shares surged by 47.8%, notably higher than the broader market. All three companies hold a Zacks Rank #1 (Strong Buy), with Macy’s and Bunge Global achieving a Momentum Score of A, while TGS has a score of B.
