January 16th presents a ripe opportunity for investors to capitalize on momentum stocks. Below are three companies with a strong buy rank and robust momentum characteristics, making them highly attractive prospects for investment:
Ryman Hospitality Properties Inc. – A Force to be Reckoned With
Ryman Hospitality Properties (RHP), a company specializing in group-oriented, destination hotel assets in urban and resort markets, has seen a surge in its Zacks Rank #1 (Strong Buy). The company’s Zacks Consensus Estimate for its current year earnings has soared by 1.2% over the last 60 days, a clear sign of its strong momentum in the market. Further underlining its robust performance, Ryman Hospitality Properties’ shares have surged by an impressive 30.5% over the last three months, outperforming the S&P 500’s gain of 9.3%. This phenomenal growth is underscored by the company’s Momentum Score of A.
Ryman Hospitality Properties, Inc. Price and Consensus
Ryman Hospitality Properties, Inc. price-consensus-chart | Ryman Hospitality Properties, Inc. Quote
Explosive Growth: Copa Holdings, S.A.
Copa Holdings (CPA), a company providing airline passenger and cargo services, has also clinched a Zacks Rank #1, signaling a Strong Buy. Notably, the company has witnessed a 5.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, further solidifying its strong momentum. With a 12.7% surge in its shares over the last three months, outpacing the S&P 500’s growth, Copa Holdings flaunts a Momentum Score of A.
Copa Holdings, S.A. Price and Consensus
Copa Holdings, S.A. price-consensus-chart | Copa Holdings, S.A. Quote
Steelcase Inc. – Building Momentum
Steelcase (SCS), a designer and manufacturer of products used to create high-performance work environments, is another company shining in the rankings with a Zacks Rank #1. The firm has witnessed a 5.4% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days, demonstrating its sustained momentum. Additionally, Steelcase’s shares have powered ahead with a 10.3% climb over the last three months, marking it as a contender in the momentum game with a Momentum Score of B.
Steelcase Inc. Price
Steelcase Inc. price-consensus-chart | Steelcase Inc. Quote
For a comprehensive list of top-ranked stocks, it’s advisable to review the complete list available. Furthermore, gaining a deeper understanding of the Momentum score and how it is computed could provide invaluable insights before making your investment decisions.
Unlock the Future: Zacks Top 10 Stocks for 2024
Opportunity doesn’t always knock twice. Zacks Director of Research, Sheraz Mian, has astutely overseen the creation of a stunningly successful portfolio — the Zacks Top 10 Stocks for 2024. These stocks have exhibited a remarkable track record, with the Zacks Top 10 Stocks surging by +974.1%, nearly tripling the S&P 500’s growth of +340.1% from 2012 through November 2023. Comb through a curated selection of 4,400 companies covered by the Zacks Rank and seize the chance to witness these groundbreaking stocks with massive potential.
Download 7 Best Stocks for the Next 30 Days
Read the full article by Zacks.com
It’s important to note that the views expressed herein are the opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
