When it comes to investing in financial markets, having a good understanding of which stocks are displaying strong momentum characteristics can be extremely valuable. Today, we’ll take a look at three stocks that possess both a high buy rank and strong momentum, making them potential standout choices to consider for your portfolio

Nu Holdings Ltd.: Unlocking the Potential in Fintech

Nu Holdings Ltd., a fintech company, has been making waves in the market with its strong performance. With a Zacks Rank #1 and a 7.3% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days, Nu Holdings is certainly a stock to watch.

Not only has Nu Holdings outperformed the S&P 500, gaining 0.1% over the last three months while the index declined by 2.4%, but it also boasts a Momentum Score of B. All these factors combine to make Nu Holdings a potential top momentum stock to consider for your portfolio.

Matrix Service Company: Powering the Energy Infrastructure

Matrix Service Company, an energy infrastructure services company, has also been a standout performer. With a Zacks Rank #1 and an impressive 285.7% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days, Matrix Service Company is capturing the attention of investors.

Even more impressive is its stock performance, with Matrix Service Company gaining a remarkable 89.3% over the last three months, while the S&P 500 declined by 2.3%. With a Momentum Score of A, Matrix Service Company is a stock that investors should definitely keep on their radar.

BioVie Inc.: Revolutionizing Biopharmaceuticals

BioVie Inc., a biopharmaceutical company, has been making significant strides in the industry. With a Zacks Rank #1 and a 12.7% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days, BioVie Inc. is a stock on the rise.

In terms of stock performance, BioVie Inc. has outperformed the S&P 500, gaining an impressive 13.6% over the last one month, while the index declined by 0.4%. With a Momentum Score of A, the future looks promising for BioVie Inc.

Unlock the Potential of Momentum Investing

Momentum investing can be a powerful strategy for generating returns in the financial markets. By focusing on stocks that are displaying strong momentum characteristics, investors have the potential to ride the wave of success and outperform the broader market.

So why not take advantage of the top momentum stocks we’ve highlighted today? With Nu Holdings Ltd., Matrix Service Company, and BioVie Inc. showing impressive performance and having strong momentum on their side, these stocks could be the key to unlocking the potential of your portfolio.

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