Best Momentum Stock to Buy for January 21st
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 21st:
Lam Research LRCX: This company, which is a supplier of wafer fabrication equipment and services to the semiconductor industry, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.
Lam Research Corporation Price and Consensus
Lam Research Corporation price-consensus-chart | Lam Research Corporation Quote
Lam Research's shares gained 57.7% over the last three month compared with the S&P 500’s gain of 1.4%. The company possesses a Momentum Score of A.
BNP Paribas BNPQY: This company, which is a European leader in global banking and financial services, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current yearearnings increasing 1.9% over the last 60 days.
BNP Paribas’ shares gained 27.7% over the last three month compared with the S&P 500’s gain of 1.4%. The company possesses a Momentum Score of A.
L'Oreal LRLCY: This company, which made cosmetics the focus of all their energy and know-how for nearly a century, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current yearearnings increasing 1.9% over the last 60 days.
L'Oreal’s shares gained 4.5% over the last three month compared with the S&P 500’s gain of 1.4%. 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.
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Lam Research Corporation (LRCX): Free Stock Analysis Report
BNP Paribas SA (BNPQY): Free Stock Analysis Report
L'Oreal SA (LRLCY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
