Stocks to Watch: Three High-Ranked Picks with Impressive Momentum
Here are three stocks with a buy rating and strong momentum characteristics for investors to consider today, January 20th:
argenx SE (ARGX): This biopharmaceutical company holds a Zacks Rank #1. Over the last 60 days, the Zacks Consensus Estimate for its current year earnings has increased by 13.6%.
Price and Consensus for argenx SE
argenx SE price-consensus-chart | argenx SE Quote
Recently, argenx’s shares surged by 14.3% over the last three months, outperforming the S&P 500, which advanced by only 2.3%. The company boasts a Momentum Score of A.
Current Price of argenx SE
argenx SE price | argenx SE Quote
Allot Ltd. (ALLT): This provider of security and network intelligence solutions also has a Zacks Rank #1, with the Zacks Consensus Estimate for its current year earnings jumping by 85.7% over the last two months.
Price and Consensus for Allot Ltd.
Allot Ltd. price-consensus-chart | Allot Ltd. Quote
Allot’s shares surged an impressive 114.5% over the past three months, considerably more than the S&P 500 increase of 2.3%. The company has a Momentum Score of B.
Current Price of Allot Ltd.
Allot Ltd. price | Allot Ltd. Quote
New Gold Inc. (NGD): This gold mining company also carries a Zacks Rank #1, and its Zacks Consensus Estimate for next year’s earnings has risen by 7.7% in the past 60 days.
Price and Consensus for New Gold Inc.
New Gold Inc. price-consensus-chart | New Gold Inc. Quote
New Gold’s stock rose by 25.5% over the last six months, while the S&P 500 grew by 7.6%. The company holds a Momentum Score of B.
Current Price of New Gold Inc.
New Gold Inc. price | New Gold Inc. Quote
Check out the full list of top-ranked stocks here.
For those seeking to understand more about the Momentum Score and its calculation, more information is available.
Five Stocks Poised for Significant Gains
These stocks were selected by a Zacks expert as top choices expected to gain over 100% in 2024. While past recommendations have yielded impressive returns, such as +143.0%, +175.9%, +498.3%, and +673.0%, the future remains unpredictable.
An advantage lies in the fact that many of the stocks in this report are not widely known by Wall Street, creating a prime opportunity to invest early.
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New Gold Inc. (NGD): Free Stock Analysis Report
Allot Ltd. (ALLT): Free Stock Analysis Report
argenx SE (ARGX): Free Stock Analysis Report
Read this article on Zacks.com here.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
