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Top Momentum Stocks to Invest in on August 29th

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Today, on August 29th, here are three stocks with strong momentum and buy ratings for investors to consider:

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

Banco Bilbao, a banking company, has a Zacks Rank #1 and has seen a nearly 4.6% increase in its Zacks Consensus Estimate for current year earnings over the past 60 days.

Check out the price and consensus chart for Banco Bilbao Viscaya Argentaria S.A.

Over the last three months, Banco Bilbao’s shares have gained 15.6%, outperforming the S&P 500’s increase of 4.5%. The company has a Momentum Score of B.

View the price graph for Banco Bilbao Viscaya Argentaria S.A.

Splunk Inc. (SPLK)

Splunk, a software and cloud solutions company, has a Zacks Rank #1 and has experienced a 2.6% increase in its Zacks Consensus Estimate for current year earnings over the past 60 days.

Check out the price and consensus chart for Splunk Inc.

Over the last three months, Splunk’s shares have gained 18.2%, outperforming the S&P 500’s increase of 4.5%. The company has a Momentum Score of B.

View the price graph for Splunk Inc.

Tencent Holdings Limited (TCEHY)

Tencent, an investment holding company, has a Zacks Rank #1 and has seen a 2.4% increase in its Zacks Consensus Estimate for current year earnings over the past 60 days.

Check out the price and consensus chart for Tencent Holding Ltd.

Over the last three months, Tencent’s shares have gained 5.5%, outperforming the S&P 500’s increase of 4.5%. The company has a Momentum Score of B.

View the price graph for Tencent Holding Ltd.

For the full list of top-ranked stocks, click here.

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

Zacks Names #1 Semiconductor Stock

Discover a semiconductor stock that is projected to grow significantly in the artificial intelligence, machine learning, and internet of things sectors. Download the free report here.

Want the latest recommendations from Zacks Investment Research? Download the free report 7 Best Stocks for the Next 30 Days.

Stay informed with the latest stock analysis:

Tencent Holding Ltd. (TCEHY) : Free Stock Analysis Report

Banco Bilbao Viscaya Argentaria S.A. (BBVA) : Free Stock Analysis Report

Splunk Inc. (SPLK) : Free Stock Analysis Report

Read the full article on Zacks.com here.

Zacks Investment Research

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

Source: Nasdaq.com

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