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Soaring Stocks: A Look at January 3rd

Today, January 3rd, the financial markets are abuzz with the exciting prospects of three stocks displaying strong momentum and ripe for investor consideration. Let’s delve into these high-flying stocks’ recent performance and potential.

Sarepta Therapeutics, Inc.: A Biopharmaceutical Trailblazer

Sarepta Therapeutics, Inc. (SRPT) has been making waves in the clinical-stage biopharmaceutical sphere with a Zacks Rank #1 and a noteworthy 14.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days.

Impressive Performance:

Sarepta’s shares outperformed the S&P 500, surging by 11.7% in the last month, a stark comparison to the index’s conservative 4.3% advance. Bolstering this exceptional performance is the company’s impressive Momentum Score of A.

Wingstop Inc.: Taking Flight in the Restaurant Industry

Wingstop Inc. (WING) is not one to be left behind, boasting a Zacks Rank #1 and a commendable 2.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days.

Soaring Above:

Wingstop’s shares soared to new heights, marking a remarkable 36.7% surge in the last three months, while the S&P 500 saw a mere 11.2% increase. Accentuating this impressive trajectory is the company’s formidable A-rated Momentum Score.

Regeneron Pharmaceuticals, Inc.: The Biotech Marvel

Regeneron Pharmaceuticals, Inc. (REGN) has carved its niche in the biotechnology sector with a Zacks Rank #1 and a commendable 1.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days.

Scaling New Heights:

Regeneron’s stock demonstrated its mettle through a substantial 26.1% gain over the last six months, leaving the S&P 500’s modest 7% increase in its wake. Underpinning this stellar performance is the company’s robust A-rated Momentum Score.

See the full list of top ranked stocks here

 

To gain a comprehensive understanding of the intricate world of momentum trading, explore more about the Momentum score and how it is calculated here.

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 impressive earnings growth and an expanding customer base, this stock is positioned to meet the escalating demand for Artificial Intelligence, Machine Learning, and the Internet of Things. The global semiconductor manufacturing sector is projected to surge from $452 billion in 2021 to $803 billion by 2028.

See This Stock Now for Free >>

Curious about the latest recommendations from Zacks Investment Research? You can download 7 Best Stocks for the Next 30 Days today. Click to get this free report

Free Stock Analysis Report for Regeneron Pharmaceuticals, Inc. (REGN)

Free Stock Analysis Report for Sarepta Therapeutics, Inc. (SRPT)

Free Stock Analysis Report for Wingstop Inc. (WING)

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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