If you’re looking to ride the wave of momentum in the market, here are three standout stocks to consider on this eighth day of April.
SM Energy Company: Energy in Motion
SM Energy Company (SM) is an energy firm that has notched a Zacks Rank #1, with its current year earnings estimates seeing a 10.1% surge over the past two months.
Energizing Growth
SM Energy Company stocks have soared by a whopping 38.6% in the last quarter, leaving the S&P 500’s 9.5% increase in the dust. With a flashy Momentum Score of A, this company is on the fast track to success.
Canoo Inc.: Driving Innovation
Canoo Inc. (GOEV) is a mover and shaker in the mobility technology sector, boasting a Zacks Rank #1. In the past 60 days, its earnings estimates for the current year have shot up by an impressive 58%.
Revving Up
Canoo Inc. has exhibited a robust performance, with a solid 18.7% spike in shares over the previous month, easily outpacing the S&P 500’s 2.1% rise. Fueled by a Momentum Score of A, this stock is one to watch.
Uber Technologies, Inc.: Tech on the Move
Uber Technologies, Inc. (UBER) is a tech giant with a Zacks Rank #1 and a noteworthy 15.4% uptick in the Zacks Consensus Estimate for its current year earnings over the past 60 days.
Driving Forward
Uber Technologies has accelerated ahead with a 27.9% surge in shares over the last month, exceeding the S&P 500’s 9.5% rise. Despite sporting a Momentum Score of B, this company is still firmly on the growth trajectory.
For more top-ranked stocks, check out the complete list here.
Keen to delve deeper into the world of momentum trading? Learn about the Momentum score and its calculation here.
On the Fast Track
Discover five stocks that experts believe could double, with past picks clocking in at +143.0%, +175.9%, +498.3%, and +673.0%.
Many of these stocks are flying under Wall Street’s radar, presenting a prime chance to get in at the ground level. Ready to swing for the fences? Check out these potential home runs here.
Curious about the latest insights from Zacks Investment Research? Download the 7 Best Stocks for the Next 30 Days here.
For a detailed analysis of these companies, check out the free stock reports: SM Energy Company (SM), Uber Technologies, Inc. (UBER), Canoo Inc. (GOEV).
Read the full article on Zacks.com here.
The viewpoints expressed in this piece are those of the author and may not necessarily align with Nasdaq, Inc.
