Here are three stocks demonstrating strong buy rankings and positive momentum that investors may want to consider for their portfolios as of April 9th:

Three Strong Momentum Stocks to Consider in April 2023

Hang Seng Bank (HSNGY)

Hang Seng Bank, a prominent financial institution and one of Hong Kong’s largest publicly traded companies by market capitalization, holds a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for its current year earnings has risen by 5.8% over the past 60 days.

Hang Seng Bank Ltd. Price and Consensus

Hang Seng Bank’s share price surged 3% over the last three months, contrasting with an S&P 500 decline of 15.8%. The bank’s Momentum Score stands at A.

Hang Seng Bank Ltd. Price

Alibaba (BABA)

Alibaba, a leading e-commerce giant in China, also boasts a Zacks Rank of #1. The Zacks Consensus Estimate for its current year earnings has increased by 0.9% in the last two months.

Alibaba Group Holding Limited Price and Consensus

In the past three months, Alibaba’s shares rose 18.7%, outpacing the S&P 500’s 15.8% decline. The company possesses a Momentum Score of B.

Alibaba Group Holding Limited Price

CME Group (CME)

CME Group, the largest futures exchange globally in terms of trading volume and notional value traded, also maintains a Zacks Rank of #1. The Zacks Consensus Estimate for its current year earnings has increased by 4.8% over the last 60 days.

CME Group Inc. Price and Consensus

CME Group’s shares grew by 11.7% in the past three months, compared to the S&P 500’s 15.8% drop. The company has a Momentum Score of B.

CME Group Inc. Price

See the full list of top-ranked stocks here.

Learn more about the Momentum score and how it is calculated here.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock predicted to gain +100% or more in 2024. While previous recommendations have yielded returns of +143.0%, +175.9%, +498.3%, and +673.0%, not all picks will succeed.

Most of the stocks featured in this report are flying under Wall Street’s radar, representing an opportunity for early investors.

Today, see these 5 potential home runs >>

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CME Group Inc. (CME): Free stock analysis report.

Hang Seng Bank Ltd. (HSNGY): Free stock analysis report.

Alibaba Group Holding Limited (BABA): Free stock analysis report.

This article originally published on Zacks Investment Research (zacks.com).

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