Investors seeking opportunities with strong momentum should keep an eye on the following stocks:
Momentum in the Grocery Sector: J. Sainsbury
J. Sainsbury, a prominent UK food retailer, stands out with its Zacks Rank #1 (Strong Buy) and a noteworthy 3.6% surge in the Zacks Consensus Estimate for its yearly earnings in the past 60 days.
J. Sainsbury PLC Performance
Over the last three months, J. Sainsbury’s stocks have outpaced the S&P 500, soaring by a remarkable 19.2%. The company boasts an enviable Momentum Score of A.
Banking on Success: Popular, Inc.
Popular, Inc., a diverse bank holding company with a significant presence in Puerto Rico, also holds a Zacks Rank #1. The Zacks Consensus Estimate for its annual earnings has seen a solid 5.4% rise in the past two months.
Popular, Inc. Stock Performance
Popular, Inc.’s shares have surged by 17.3% over the last quarter, outperforming the S&P 500. The company holds a Momentum Score of B.
Riding the Banking Wave: NBT Bancorp Inc.
NBT Bancorp Inc., a bank holding company, has caught the momentum wave with a Zacks Rank #1. Its annual earnings estimate has grown by 2.1% in the last 60 days.
NBT Bancorp Inc. Stock Price
NBT Bancorp Inc.’s stock surged impressively by 24.9% over the last three months, showcasing robust momentum. The company has secured a Momentum Score of B.
Explosive Growth in the Semiconductor Sector
Amidst all the momentum picks, the semiconductor industry is gearing up for explosive growth. With projections of global semiconductor manufacturing skyrocketing from $452 billion in 2021 to a whopping $803 billion by 2028, there is significant potential for investment growth in this sector.
If you are eyeing semiconductor stocks, Zacks has identified a standout semiconductor stock, significantly smaller than NVIDIA but poised for substantial growth in Artificial Intelligence, Machine Learning, and IoT sectors.
Explore this Top Semiconductor Stock Now!
Additional Information
For a detailed analysis on each of these momentum stock picks, you can access the free stock analysis reports:
- J. Sainsbury PLC (JSAIY) Analysis Report
- Popular, Inc. (BPOP) Analysis Report
- NBT Bancorp Inc. (NBTB) Analysis Report
To delve deeper into the latest market insights, visit Zacks Investment Research and seize the momentum!
