Wall Street has displayed a mostly sideways movement in June, yet several U.S. stocks have shown significant price strength, indicating potential for further momentum. A screening process narrowed down over 7,700 stocks to seven based on multiple criteria. Key metrics included a minimum 4-week price increase, a 12-week price rise of over 10%, and a Zacks Rank of #1.
Among the identified stocks, J.Jill Inc. (JILL) saw a 35.9% price increase over the past four weeks, with a projected earnings growth rate of 11.8% for the fiscal year ending January 2025. KNOT Offshore Partners LP (KNOP) surged 32.8% in the same period and has an expected earnings growth rate of 742.9% for the next year. Virco Manufacturing Corp. (VIRC) experienced a 29.7% rise, with a projected earnings growth rate of 19.4% for the same fiscal year.
Additionally, Dycom Industries Inc. (DY) reported a 19.4% price surge, alongside an expected 5.6% earnings growth. Kirby Corp. (KEX) saw a modest 2.9% rise, with its earnings expected to grow by 42.2% in the current fiscal year. The Zacks Consensus Earnings Estimates for these companies have shown upward adjustments over the last 30 days.
