Best Momentum Stocks to Buy for March 16th

Written By Michael Gary Scott

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 16:

Drilling Tools International Corporation DTI: This oilfield services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.7% over the last 60 days.

Drilling Tools International Corp. Price and Consensus

Drilling Tools International Corp. Price and Consensus

Drilling Tools International Corp. price-consensus-chart | Drilling Tools International Corp. Quote

Drilling Tools International’s shares gained 36.5% over the last three months compared with the S&P 500’s decline of 1%. The company possesses a Momentum Score of A.

Drilling Tools International Corp. Price

Drilling Tools International Corp. Price

Drilling Tools International Corp. price | Drilling Tools International Corp. Quote

Ciena Corporation CIEN: This network technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.

Ciena Corporation Price and Consensus

Ciena Corporation Price and Consensus

Ciena Corporation price-consensus-chart | Ciena Corporation Quote

Ciena’s shares gained 65.5% over the last three months compared with the S&P 500’s decline of 1%. The company possesses a Momentum Score of B.

Ciena Corporation Price

Ciena Corporation Price

Ciena Corporation price | Ciena Corporation Quote

Astronics Corporation ATRO: This aerospace and defense company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.

Astronics Corporation Price and Consensus

Astronics Corporation Price and Consensus

Astronics Corporation price-consensus-chart | Astronics Corporation Quote

Astronics’ shares gained 26.5% over the last three months compared with the S&P 500’s decline of 1%. The company possesses a Momentum Score of B.

Astronics Corporation Price

Astronics Corporation Price

Astronics Corporation price | Astronics Corporation Quote

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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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Ciena Corporation (CIEN) : Free Stock Analysis Report

Astronics Corporation (ATRO) : Free Stock Analysis Report

Drilling Tools International Corp. (DTI) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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