Best Momentum Stock to Buy for May 16th
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 16th:
Northrim BanCorp NRIM: This full-service commercial bank that provides a full range of personal and business banking services, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.
Northrim BanCorp Inc Price and Consensus
Northrim BanCorp Inc price-consensus-chart | Northrim BanCorp Inc Quote
Northrim BanCorp’s shares gained 12.3% over the last three month compared with the S&P 500’s decline of 3.2%. The company possesses a Momentum Score of A.
Nelnet NNI: This educational finance company which is focused on providing quality student loan products and services to students and schools nationwide, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.7% over the last 60 days.
Nelnet’s shares gained 11.3% over the last three month compared with the S&P 500’s decline of 3.2%. The company possesses a Momentum Score of A.
Aris Mining Corporation ARMN: This company which is gold producer principally in the Americas, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22% over the last 60 days.
Aris Mining Corporation Price and Consensus
Aris Mining Corporation price-consensus-chart | Aris Mining Corporation Quote
Aris Mining Corporation’s shares gained 45.6% over the last three month compared with the S&P 500’s decline of 3.2%. 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Nelnet, Inc. (NNI): Free Stock Analysis Report
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Aris Mining Corporation (ARMN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
