Three Promising Stocks with Strong Momentum for Investors
Today, March 26th, we highlight three stocks that carry a buy rating and exhibit strong momentum characteristics. Investors may find these companies worthy of consideration.
Comstock Resources, Inc. (CRK)
Comstock Resources, Inc. has a Zacks Rank #1. This independent energy firm has seen the Zacks Consensus Estimate for its current year earnings rise by 8.8% in the past 60 days.
Price Performance and Consensus for Comstock
Comstock Resources, Inc. price-consensus-chart | Comstock Resources, Inc. Quote
Over the last three months, Comstock’s shares have increased by 18.5%, contrasting with a 3.3% decline in the S&P 500. The company holds a Momentum Score of B.
Current Price for Comstock
Comstock Resources, Inc. price | Comstock Resources, Inc. Quote
Broadcom Inc. (AVGO)
Broadcom Inc., a leading semiconductor devices company, also holds a Zacks Rank #1. The Zacks Consensus Estimate for its current year earnings has increased almost 4% over the past 60 days.
Price Performance and Consensus for Broadcom
Broadcom Inc. price-consensus-chart | Broadcom Inc. Quote
Broadcom shares have appreciated by 9.1% over the last six months, compared to the S&P 500’s modest gain of 0.7%. The company also has a Momentum Score of B.
Current Price for Broadcom
Broadcom Inc. price | Broadcom Inc. Quote
Suzuki Motor Corporation (SZKMY)
Suzuki Motor Corporation earns a Zacks Rank #1 as well. The Zacks Consensus Estimate for its current year earnings has surged by nearly 11% in the last 60 days.
Price Performance and Consensus for Suzuki
Suzuki Motor price-consensus-chart | Suzuki Motor Quote
Suzuki shares gained 11.8% in the past three months, again contrasting with the S&P 500, which fell by 3.3%. The company also maintains a Momentum Score of B.
Current Price for Suzuki
Suzuki Motor price | Suzuki Motor Quote
For a comprehensive view, see the full list of top-ranked stocks here.
To understand the criteria behind the Momentum Score and its calculation, click here.
Zacks Names #1 Semiconductor Stock
A new top semiconductor stock has emerged, which is only 1/9,000th the size of NVIDIA, a company that has surged over 800% since our initial recommendation. While NVIDIA remains strong, this new candidate has significant potential for growth.
With its robust earnings growth and an expanding customer base, this semiconductor stock is well-positioned to meet the increasing demand for Artificial Intelligence, Machine Learning, and Internet of Things applications. The global semiconductor manufacturing market is expected to grow from $452 billion in 2021 to $803 billion by 2028.
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Comstock Resources, Inc. (CRK): Free Stock Analysis Report
Broadcom Inc. (AVGO): Free Stock Analysis Report
Suzuki Motor (SZKMY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
