Two Top Stocks to Buy with Strong Momentum on February 28th
Investors should consider two stocks today, February 28th, that have a strong buy rating and positive momentum characteristics:
TKO Group Holdings, Inc. (TKO)
TKO Group Holdings, Inc. is engaged in producing and distributing creative content across various channels. This includes premium over-the-top networks monetized through licensing agreements and direct-to-consumer subscriptions, as well as content rights agreements, live event programming, and brand merchandise sales. With a Zacks Rank #1 (Strong Buy), TKO has seen its earnings forecast for the current year increase by 0.9% over the past 60 days.
Price Performance and Consensus
TKO Group Holdings, Inc. price-consensus-chart | TKO Group Holdings, Inc. Quote
Over the last three months, TKO’s shares have risen by 8.9%, outperforming the S&P 500, which declined by 2.9%. The company has achieved a Momentum Score of A.
Urban Outfitters, Inc. (URBN)
Urban Outfitters operates as a lifestyle specialty retailer offering fashion apparel, accessories, footwear, home décor, and gift products. Like TKO, Urban Outfitters has a Zacks Rank #1, with earnings estimates increasing by 5.5% in the past two months.
Price Performance and Consensus
Urban Outfitters, Inc. price-consensus-chart | Urban Outfitters, Inc. Quote
Urban Outfitters shares have surged by 17.5% over the same three-month period, compared to a drop of 2.9% in the S&P 500. This company has a Momentum Score of B.
Final Thoughts
Both TKO and Urban Outfitters demonstrate strong performance and upward momentum, making them appealing options for investors seeking growth.
To see a full list of top-ranked stocks, visit the Zacks website.
For more insight on momentum trading, check out the Momentum score and how it is calculated.
7 Best Stocks for the Next 30 Days
Experts have released a selection of 7 elite stocks from a pool of 220 Zacks Rank #1 Strong Buys. They believe these stocks have high potential for early price increases.
Since 1988, the list has outperformed the market with an average gain of +24.3% per year. Therefore, consider giving these handpicked stocks your immediate attention.
Urban Outfitters, Inc. (URBN): Free Stock Analysis Report
TKO Group Holdings, Inc. (TKO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
