Here are three stocks to consider for your portfolio, featuring strong buy rankings and notable momentum as of December 18th:
Top 3 Stocks to Watch: Strong Buys with Momentum
DXP Enterprises (DXPE): A prominent distributor of products and services, DXP Enterprises provides solutions that enhance value and lower costs for industrial clients across the United States, Canada, Mexico, and Dubai. The company holds a Zacks Rank #1 (Strong Buy) and has seen the Zacks Consensus Estimate for its current year earnings rise by 14.3% over the past 60 days.
DXP Enterprises Price and Consensus
DXP Enterprises Price Consensus | Quote
In the last three months, DXP Enterprises’ shares have surged by 47.5%, outpacing the S&P 500’s gain of 5.4%. The company boasts a Momentum Score of A.
DXP Enterprises Price
Dolby Laboratories (DLB): Known for its innovations in audio and imaging technology, Dolby Laboratories transforms entertainment across various platforms, including user-generated content, films, and gaming. This company also enjoys a Zacks Rank #1 and has experienced a 2.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days.
Dolby Laboratories Price and Consensus
Dolby Laboratories Price Consensus | Quote
Dolby Laboratories’ shares increased by 8.6% in the last three months, better than the S&P 500’s growth of 5.4%. The company also has a Momentum Score of A.
Dolby Laboratories Price
Dolby Laboratories Price | Quote
Carpenter Technology (CRS): This producer and distributor specializes in premium specialty alloys, including titanium alloys, powder metals, and various steels used in drilling tools. Carpenter Technology holds a Zacks Rank #1, with a 6.7% upward revision in the Zacks Consensus Estimate for its current year earnings over the past 60 days.
Carpenter Technology Corporation Price and Consensus
Carpenter Technology Price Consensus | Quote
In recent months, Carpenter Technology’s shares rose by 11.5%, outperforming the S&P 500’s gain of 5.4%. This company possesses a Momentum Score of B.
Carpenter Technology Corporation Price
Carpenter Technology Price | Quote
Explore the full list of top-ranked stocks here.
Find out more about the Momentum Score and its calculations here.
Free Today: Profiting from The Future’s Brightest Energy Source
The demand for electricity is rapidly increasing, while efforts to reduce reliance on fossil fuels continue. Nuclear energy presents a promising alternative.
Recently, leaders from the US and 21 other nations pledged to triple the world’s nuclear energy capabilities. This significant transition could lead to substantial profits for nuclear-related stocks and investors who act swiftly.
Our recent report, Atomic Opportunity: Nuclear Energy’s Comeback, delves into the leading players and technologies in this sphere, highlighting three standout stocks well-positioned to benefit.
Download Atomic Opportunity: Nuclear Energy’s Comeback free today.
Dolby Laboratories (DLB): Free Stock Analysis Report
Carpenter Technology Corporation (CRS): Free Stock Analysis Report
DXP Enterprises, Inc. (DXPE): Free Stock Analysis Report
To read this article on Zacks.com, click here.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
