Best Momentum Stock to Buy for September 29th
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 29th:
Corning GLW:This company which developed its glass technologies to produce advanced glass substrates that are used in a large number of applications across multiple markets, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.
Corning Incorporated Price and Consensus
Corning Incorporated price-consensus-chart | Corning Incorporated Quote
Corning' shares gained 51.5% over the last three month compared with the S&P 500’s gain of 7.1%. The company possesses a Momentum Score of A.
Phillips 66 PSX: This diversified and integrated energy company which operates 13 refineries, primarily in the United States, with a total refining capacity of 2.2 million barrels per day, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.9% over the last 60 days.
Phillips 66 's shares gained 18% over the last three month compared with the S&P 500’s gain of 7.1%. The company possesses a Momentum Score of A.
GRUPO CIBEST SA CIB: This banking company which is Colombia's largest bank in terms of assets and also has the largest market participation in deposit products and loans, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.
GRUPO CIBEST SA’s shares gained 12.4% over the last three month compared with the S&P 500’s gain of 7.1%. The company possesses a Momentum Score of B.
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
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Corning Incorporated (GLW): Free Stock Analysis Report
Phillips 66 (PSX): Free Stock Analysis Report
BanColombia S.A. (CIB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
