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.
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.