Investors Eye Fresh Opportunities: Two Stocks with Strong Momentum
Today, January 3rd, investors might want to consider two stocks that currently have a buy recommendation and show strong momentum characteristics.
Surmodics, Inc. (SRDX) Sees Earnings Growth
Surmodics, Inc. (SRDX) specializes in performance coating technologies for the medical sector. It holds a Zacks Rank #1. Notably, the consensus estimate for its current year earnings has risen by 18.8% over the past 60 days.
Surmodics, Inc. Price and Consensus Performance
Surmodics, Inc. price-consensus-chart | Surmodics, Inc. Quote
Over the last three months, Surmodics’ shares rose by 3.3%, outperforming the S&P 500, which increased by 2.3%. Additionally, the company has achieved a Momentum Score of A.
Current Share Price of Surmodics, Inc.
Surmodics, Inc. price | Surmodics, Inc. Quote
Clearwater Analytics Holdings, Inc. (CWAN) Shows Positive Trend
Clearwater Analytics Holdings, Inc. (CWAN) offers a Software-as-a-Service (SaaS) platform and also boasts a Zacks Rank #1. The consensus estimate for its earnings next year has climbed by 3.9% in the past 60 days.
Clearwater Analytics Price and Earnings Consensus
Clearwater Analytics Holdings, Inc. price-consensus-chart | Clearwater Analytics Holdings, Inc. Quote
In the same three-month period, Clearwater Analytics’ stock appreciated by 7.2%, compared to the S&P 500’s increase of 2.3%. This company currently holds a Momentum Score of B.
Current Share Price of Clearwater Analytics
Clearwater Analytics Holdings, Inc. price | Clearwater Analytics Holdings, Inc. Quote
For a comprehensive list of highly rated stocks, see our full list of top ranked stocks here.
To better understand the Momentum score and its calculation, click here.
Expert Identifies Potential “Best Pick to Double”
Among thousands of stocks, five Zacks experts have made their selections for companies that could potentially rise by 100% or more in the near future. From these, the Director of Research, Sheraz Mian, has identified one with significant potential.
This selected company focuses on millennial and Gen Z customers, reportedly generating nearly $1 billion in revenue last quarter. A recent downturn presents a prime opportunity for investors. While past selections might not always yield results, this one has the potential to outperform previous Zacks stocks like Nano-X Imaging, which surged by +129.6% in just over nine months.
Free: See Our Top Stock And 4 Runners Up
Surmodics, Inc. (SRDX): Free Stock Analysis Report
Clearwater Analytics Holdings, Inc. (CWAN): Free Stock Analysis Report
For more details, read this article on 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.
