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On July 16, 2023, three stocks with strong buy rankings and momentum characteristics were highlighted for investors: Fairfax Financial Holdings Ltd. (FRFHF), Banco de Chile (BCH), and LY Corporation (YAHOY). Fairfax Financial has a Zacks Rank #1, with a current year earnings estimate increase of 14.4% over the last 60 days, and its shares rose 19.9% over the past three months, outpacing the S&P 500’s 18.6% advance.
Banco de Chile, also ranked #1, saw its current year earnings estimate increase by 3.7% in the same period and its shares gained 20.4% in the last six months. LY Corporation, another #1 ranked stock, recorded a notable 15.6% increase in earnings estimates and a remarkable 26.1% gain in share price over the past six months.
These stocks demonstrate strong momentum scores, with Fairfax holding a B score, and both Banco de Chile and LY Corporation boasting an A score, indicating robust investment potential.
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