Best Momentum Stock to Buy for March 23rd
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 23rd:
FIGS FIGS: This direct-to-consumer healthcare apparel and lifestyle brand, which creates technically advanced apparel and products for healthcare professionals, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 90% over the last 60 days.
FIGS' shares gained 20.1% over the last three month compared with the S&P 500’s decline of 5.8%. The company possesses a Momentum Score of A.
Karat Packaging KRT: This company, which is a specialty distributor and manufacturer of disposable foodservice products and related items, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21% over the last 60 days.
Karat Packaging Inc. Price and Consensus
Karat Packaging Inc. price-consensus-chart | Karat Packaging Inc. Quote
Karat Packaging’s shares gained 21.3% over the last three month compared with the S&P 500’s decline of 5.7%. The company possesses a Momentum Score of A.
Enerflex Ltd. EFXT: This company, which provides oilfield services for natural gas and petroleum producers, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.5% over the last 60 days.
Enerflex’s shares gained 40.7% over the last three month compared with the S&P 500’s decline of 5.7%. 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 #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
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.
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Karat Packaging Inc. (KRT): Free Stock Analysis Report
FIGS, Inc. (FIGS): Free Stock Analysis Report
Enerflex Ltd. (EFXT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
