On March 24, 2023, Zacks Investment Research highlighted two stocks with strong momentum and a Zacks Rank of #1 (Strong Buy): RWE AG (RWEOY) and Astec Industries (ASTE). RWE AG, a European electricity and gas provider, has seen its earnings estimate rise by 4.3% over the past 60 days, with shares increasing by 21.5% over the last three months. Conversely, Astec Industries, a road-building equipment manufacturer, reported a 14.6% increase in earnings estimates during the same period, with its shares rising by 15.3% along with the S&P 500’s decline of 5.1%.
Both companies have demonstrated solid performance, with RWE AG’s shares significantly outperforming market averages, and Astec Industries’ strong upward estimate revisions indicating positive investment potential.
