Best Momentum Stocks to Buy for July 23rd
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 23:
Pelagos Insurance Capital Limit PLGO: This insurance and reinsurance company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.
Pelagos Insurance Capital Limited Price and Consensus
Pelagos Insurance Capital Limited price-consensus-chart | Pelagos Insurance Capital Limited Quote
Pelagos Insurance Capital's shares gained 20.9% over the last three months compared with the S&P 500’s decline of 5.1%. The company possesses a Momentum Score of A.
Pelagos Insurance Capital Limited Price
Pelagos Insurance Capital Limited price | Pelagos Insurance Capital Limited Quote
Ballard Power Systems Inc. BLDP: This fuel cell technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.
Ballard Power Systems, Inc. Price and Consensus
Ballard Power Systems, Inc. price-consensus-chart | Ballard Power Systems, Inc. Quote
Ballard Power Systems’ shares gained 21.1% over the last six months compared with the S&P 500’s decline of 8.7%. The company possesses a Momentum Score of B.
Ballard Power Systems, Inc. Price
Ballard Power Systems, Inc. price | Ballard Power Systems, Inc. Quote
Genco Shipping & Trading Limited GNK: This dry bulk shipping company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.1% over the last 60 days.
Genco Shipping & Trading Limited Price and Consensus
Genco Shipping & Trading Limited price-consensus-chart | Genco Shipping & Trading Limited Quote
Genco Shipping & Trading Limited’s shares gained 9.7% over the last three months compared with the S&P 500’s decline of 5.0%. The company possesses a Momentum Score of A.
Genco Shipping & Trading Limited Price
Genco Shipping & Trading Limited price | Genco Shipping & Trading Limited Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).
