Investors looking for stocks with strong momentum should consider three companies as of August 5:
- GeneDx Holdings Corp. (WGS): This genomic diagnostics company has a Zacks Rank #1 and saw a consensus earnings estimate increase of 18.5% over the last 60 days. Its shares rose 54% in the past three months, compared to the S&P 500’s 3.2% increase.
- Mercury General Corporation (MCY): An auto insurance provider, Mercury General also holds a Zacks Rank #1 with a 16.3% rise in earnings estimates over the last two months. Its stock gained 5.2% during the same period.
- M/I Homes, Inc. (MHO): This residential construction company has a Zacks Rank #1 and a 5.6% increase in earnings estimates since June. Its shares climbed 24.2% over the last three months.
5 Stocks Our Experts Predict Could Double In the Next Year
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