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Best Momentum Stocks to Buy for August 5th
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 5:
AMC Networks Inc. AMCX: This entertainment company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 27.1% over the last 60 days.
AMC Networks’ shares gained 34.6% over the last three months compared with the S&P 500’s advance of 5.1%. The company possesses a Momentum Score of A.
Fortinet, Inc. FTNT: This company that provides broad, integrated, and automated cybersecurity solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.
Fortinet’s shares gained 87% over the last three months compared with the S&P 500’s advance of 5.1%. The company possesses a Momentum Score of A.
Amazon.com, Inc. AMZN: This online retail giant has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.2% over the last 60 days.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Amazon’s shares gained 31.9% over the last six months compared with the S&P 500’s advance of 11.7%. The company possesses a Momentum Score of A.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Learn more about the Momentum score and how it is calculated here.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
AMC Global Media Inc. (AMCX): Free Stock Analysis Report
Fortinet, Inc. (FTNT): Free Stock Analysis Report
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