As investors look for opportunities to ride the wave of market momentum on May 21st, three standout stocks deserve consideration:
Onto Innovation Inc. ONTO: Standing tall as a manufacturer of process control tools for optical metrology, this company boasts a Zacks Rank #1 and has seen the Zacks Consensus Estimate for its current year earnings soar by 6.6% over the last 60 days.
Onto Innovation Inc. – Performance Overview
Onto’s stock has surged by an impressive 27.8% over the past three months, outpacing the S&P 500’s modest 4.8% growth. Notably, Onto holds a Momentum Score of A.
Insights into Onto’s Stock Price
Southern Copper Corporation SCCO: Delving into the mining sector, Southern Copper Corporation is a major player in copper and mineral extraction. With a Zacks Rank #1, its current year earnings estimate has surged by a notable 14.7% over the last 60 days.
Analysis of Southern Copper Corporation’s Stock Performance
Southern Copper’s stock has shown remarkable growth, climbing 57.1% in the last three months, surpassing the S&P 500’s growth rate. Impressively, the company showcases a Momentum Score of A.
Southern Copper Corporation Stock Price Movement
Owens Corning OC: Specifically, in the construction materials sector, Owens Corning is making waves with a Zacks Rank #1. The company’s Zacks Consensus Estimate for the current year earnings has risen by 10.5% over the last 60 days.
Owens Corning Inc – Stock Performance Analysis
Owens Corning has gained a solid 22.3% in stock value over the past three months, surpassing the S&P 500’s growth trajectory. Noteworthy, the company holds a Momentum Score of B.
Learn more about the full list of top-ranked stocks here.
For those interested in understanding the Momentum Score and its calculation, additional insights can be found here.
Looking forward, these stocks present intriguing opportunities for investors seeking to capitalize on the current market momentum. With historical data showing the potential for strong performance, it’s a compelling time to evaluate these stocks for portfolio inclusion.