Here are three stocks that are currently rated as buys and show strong momentum for investors to consider on January 24th:
Nouveau Monde Graphite Inc. (NMG): This company focuses on the exploration, development, and evaluation of mineral properties. It has a Zacks Rank of #1 and has seen its earnings estimate for the current year rise by 6% over the last 60 days.
Nouveau Monde Graphite Inc. Price and Consensus
Nouveau Monde Graphite Inc. price-consensus-chart | Nouveau Monde Graphite Inc. Quote
Over the past three months, Nouveau Monde’s stock has risen by 46.9%, significantly outperforming the S&P 500, which increased by just 5.3%. This company has a strong Momentum Score of A.
Nouveau Monde Graphite Inc. Price
Nouveau Monde Graphite Inc. price | Nouveau Monde Graphite Inc. Quote
Stitch Fix, Inc. (SFIX): This online personal styling service has also secured a Zacks Rank of #1, with its earnings estimates for the current year jumping by 27.9% in the last two months.
Stitch Fix, Inc. Price and Consensus
Stitch Fix, Inc. price-consensus-chart | Stitch Fix, Inc. Quote
In the last three months, shares of Stitch Fix have surged by 74.2%, while the S&P 500 has only climbed by 5.3%. The company displays a strong Momentum Score of B.
Stitch Fix, Inc. Price
Stitch Fix, Inc. price | Stitch Fix, Inc. Quote
New Found Gold Corp. (NFGC): This company specializes in gold mineral exploration and, like the others, holds a Zacks Rank of #1. Its current year earnings estimates have increased by 17.4% in the last two months.
New Found Gold Corp. Price and Consensus
New Found Gold Corp. price-consensus-chart | New Found Gold Corp. Quote
Recently, New Found Gold’s shares increased by 7.4% in just the past month, while the S&P 500 saw a smaller advancement of 1.4%. The company’s Momentum Score also stands at B.
New Found Gold Corp. Price
New Found Gold Corp. price | New Found Gold Corp. Quote
See the full list of top ranked stocks here
Learn more about the Momentum Score and how it is calculated here.
Top Semiconductor Stock Identified by Zacks
Though considerably smaller than NVIDIA— which has soared over 800% since our recommendation— our newer top chip stock has significant growth potential. With an expanding client base and strong earnings growth, it’s set to benefit from the growing demand for Artificial Intelligence, Machine Learning, and the Internet of Things. The global semiconductor market is expected to grow from $452 billion in 2021 to $803 billion by 2028.
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Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report
Nouveau Monde Graphite Inc. (NMG) : Free Stock Analysis Report
New Found Gold Corp. (NFGC) : Free Stock Analysis Report
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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.
