Investors seeking to ride the wave of momentum in the market should consider the following three top-ranked stocks that are showing strong growth characteristics:
Kirin Holdings Co: A Toast to Resilient Momentum
Kirin Holdings Co, known for crafting alcoholic beverages and soft drinks, has more to offer than just frothy brews. With a Zacks Rank of #1 (Strong Buy) and an impressive 4.8% surge in the 60-day Zacks Consensus Estimate for current year earnings, Kirin is setting the bar high for its competitors. The company’s shares have outperformed the S&P 500 with a 0.5% gain over the last three months, displaying strong resilience and growth potential. Kirin Holdings Co also boasts a robust Momentum Score of A.
CAVA Group, Inc: Serving Success on a Platter
CAVA Group, Inc., the renowned Mediterranean fast-casual restaurant brand, is not just about delicious cuisine; it’s a recipe for success in the stock market. Holding a Zacks Rank of #1 and a remarkable 41.7% surge in the 60-day Zacks Consensus Estimate for current year earnings, CAVA Group, Inc. is spicing things up for investors. With a 39.9% surge in shares over the last three months, this company is outshining the S&P 500. Sporting a Momentum Score of A, CAVA Group, Inc is a promising choice for momentum investors.
Applied Industrial Technologies, Inc: Fueling Industrial Momentum
Applied Industrial Technologies, Inc., a leading distributor of industrial products, is notching up the gears with a Zacks Rank of #1 and a 1.4% rise in the 60-day Zacks Consensus Estimate for current year earnings. With a 2.8% increase in shares over the last three months, Applied Industrial Technologies, Inc is powering ahead of the S&P 500. Although the company possesses a slightly lower Momentum Score of B, its growth trajectory is one to watch in the industrial sector.
Investors looking to capitalize on the momentum trends in the market should keep an eye on these dynamic stocks.
For more information on momentum trading and how it can amplify your investment strategy, consider exploring the full list of top-ranked stocks and diving into the mechanics of Momentum score calculation here.
Unlock the full potential of momentum trading and seize the opportunity to ride the current market wave.