In the complex tapestry of stock markets, investors are always on the prowl for hidden gems, seeking out that one stock which shines brighter, runs faster, and dazzles with its momentum. Enter Viad Corp, Diversified Energy Company PLC, and PennyMac Financial Services, Inc. These three companies have caught the eye of astute investors today, April 3, with their promising buy ranks and robust momentum characteristics.
The Viad Corp Marvel
Viad Corp, the experiential events company, boasts of a Zacks Rank #1, with its Zacks Consensus Estimate for current-year earnings soaring 21.4% in the last 60 days. A gleaming beacon in the financial realm, Viad Corp has seen its shares surge by 38.9% over the past six months, outpacing the S&P 500 by a significant margin. With a Momentum Score of A, Viad Corp stands tall, embodying the very essence of momentum.
The Diversified Energy Cadence
Diversified Energy Company PLC, an independent entity in oil and gas production, holds a Zacks Rank #1. The Zacks Consensus Estimate for its next year earnings has witnessed a staggering upsurge of 843.5% over the preceding 60 days. With the shares of Diversified Energy ascending by 7.9% in the last month, the company has grabbed investors’ attention, bearing a Momentum Score of B.
The PennyMac Financial Symphony
PennyMac Financial Services, Inc., a financial stalwart, possesses a Zacks Rank #1 as well. The Zacks Consensus Estimate for its next year earnings has enjoyed a 1.9% boost in the past 60 days. Marking its territory with a 4% rise in shares over the last month, PennyMac Financial Services, Inc., aligns itself with a Momentum Score of B.
What Lies Beyond?
Peering into the crystal ball of financial fortunes, one cannot help but wonder: will these momentum stocks continue their triumphant march? As the wheel of time spins relentlessly, only the future holds the answer. Yet, in a market teeming with possibilities, these stocks beckon with a siren’s call, hinting at potentials that may well be the keys to untold success.
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Zacks Names #1 Semiconductor Stock
It’s only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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