Top Momentum Stocks to Buy on March 24: Futu, IHS, Infineon
Investors looking for strong momentum stocks might want to consider the following three companies with a buy rank, highlighted for March 24:
Futu Holdings Limited (FUTU)
This online brokerage and wealth management platform holds a Zacks Rank #1. Recently, the Zacks Consensus Estimate for its current year earnings increased by 10.2% over the past 60 days.
Futu Holdings Limited Sponsored ADR Price and Consensus
Futu Holdings Limited Sponsored ADR price-consensus-chart | Futu Holdings Limited Sponsored ADR Quote
Futu shares gained 22.3% over the last three months, outperforming the S&P 500, which declined by 6.2%. The company currently possesses a Momentum Score of A.
Futu Holdings Limited Sponsored ADR Price
Futu Holdings Limited Sponsored ADR price | Futu Holdings Limited Sponsored ADR Quote
IHS Holding Limited (IHS)
This communications infrastructure company has a Zacks Rank #1, with its current year earnings estimate rising by 30.9% in the last 60 days.
IHS Holding Limited Price and Consensus
IHS Holding Limited price-consensus-chart | IHS Holding Limited Quote
IHS shares appreciated by 72.7% over the last three months, contrasting with the S&P 500’s 6.2% decline. The company also has a Momentum Score of A.
IHS Holding Limited Price
IHS Holding Limited price | IHS Holding Limited Quote
Infineon Technologies AG (IFNNY)
This semiconductor and related solutions company ranks #1 on Zacks. The Zacks Consensus Estimate for its current year earnings has grown by 8% in the past 60 days.
Infineon Technologies AG Price and Consensus
Infineon Technologies AG price-consensus-chart | Infineon Technologies AG Quote
Infineon’s stock rose 7.8% over the past three months while the S&P 500 fell by 6.2%. It too holds a Momentum Score of A.
Infineon Technologies AG Price
Infineon Technologies AG price | Infineon Technologies AG Quote
For more investment opportunities, see the full list of top-ranked stocks here.
Interested in learning more about the Momentum Score calculation? Find out here.
The 7 Best Stocks for the Next 30 Days
Recently released: Experts identified seven elite stocks from the current roster of 220 Zacks Rank #1 Strong Buys. They consider these stocks “Most Likely for Early Price Pops.”
Since 1988, the full list has outperformed the market, averaging a gain of +24.3% per year. These hand-picked selections are worth your immediate attention.
Infineon Technologies AG (IFNNY): Free Stock Analysis Report
IHS Holding Limited (IHS): Free Stock Analysis Report
Futu Holdings Limited Sponsored ADR (FUTU): 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 the views of Nasdaq, Inc.
