Exploring Top Momentum Stocks Delving into the Best Momentum Stock for Investment

Written By Michael Gary Scott

Investors seeking to ride the wave of momentum in the stock market could find solace in a trio of companies that are exhibiting strong momentum characteristics as of August 9th. Let’s delve into these potential stocks:

OppFi (OPFI): Positioned at the forefront of providing financial technology platforms to empower consumers with access to credit, OppFi stands out with a Zacks Rank #1 (Strong Buy). Impressively, the Zacks Consensus Estimate for the company’s current year earnings has surged by 23.3% over the past 60 days.

Exploring OppFi Inc.’s Performance Metrics

OppFi Inc.’s shares have surged by 26.8% over the last three months, outshining the S&P 500’s gain of 2.1%. Notably, the company boasts a stellar Momentum Score of A, underlining its strong growth trajectory.

Unveiling Hamilton Lane’s Investment Potential

Hamilton Lane (HLNE): A distinguished investment management firm specializing in private market solutions, Hamilton Lane has clinched a Zacks Rank #1. The company has witnessed a notable 6.4% increase in the Zacks Consensus Estimate for its current year earnings in the last two months.

Hamilton Lane’s shares have exhibited an impressive uptick of 18.1% over the past three months, showcasing strong positive momentum in comparison to the S&P 500’s gain of 2.1%. With a Momentum Score of B, Hamilton Lane further solidifies its place as a promising investment avenue.

Analyzing NexPoint Real Estate Finance’s Prospects

NexPoint Real Estate Finance (NREF): A real estate investment trust specializing in various real estate-based financial instruments, NREF secures a Zacks Rank #1. The company has observed a significant uptick of 7.8% in the Zacks Consensus Estimate for its current year earnings in the past 60 days.

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NexPoint Real Estate Finance’s shares have surged by 5.9% over the last three months, surpassing the S&P 500’s modest gain of 2.1%. With a Momentum Score of B, NREF presents a compelling opportunity for investors eyeing growth potential in the real estate sector.

For the complete list of top-ranked stocks, click here.

Curious about how the Momentum Score is calculated? Learn more here.

Exploring Zacks’ Top 3 Hydrogen Stocks

The rising demand for clean energy is set to propel the clean hydrogen sector to staggering heights, with projections indicating a colossal market size of $500 billion by 2030. Zacks presents a diverse array of three industry giants poised to revolutionize the hydrogen market:

One of these companies has outperformed the market over the last 25 years, experiencing a remarkable surge of up to 2,400% to 380%. Another player has already secured capital commitments amounting to $15 billion for low carbon hydrogen products through 2027 alone. Lastly, the third pick soared to 52-week highs in Q4 2023 and has consistently raised dividends for over a decade.

Keen to explore these lucrative opportunities? Check out the top hydrogen stocks here.