Best Momentum Stock to Buy for April 9th

By: Alex Freidmen

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 9th:

Hang Seng Bank HSNGY: This world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalization, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

Hang Seng Bank Ltd. Price and Consensus

Hang Seng Bank Ltd. Price and Consensus

Hang Seng Bank Ltd. price-consensus-chart | Hang Seng Bank Ltd. Quote

Hang Seng Bank’s shares gained 3% over the last three month compared with the S&P 500’s decline of 15.8%. The company possesses a Momentum Score of A.

Hang Seng Bank Ltd. Price

Hang Seng Bank Ltd. Price

Hang Seng Bank Ltd. price | Hang Seng Bank Ltd. Quote

Alibaba BABA: This company which is one of the leading e-commerce giants in China, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.

Alibaba Group Holding Limited Price and Consensus

Alibaba Group Holding Limited Price and Consensus

Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote

Alibaba’s shares gained 18.7% over the last three month compared with the S&P 500’s decline of 15.8%. The company possesses a Momentum Score of B.

Alibaba Group Holding Limited Price

Alibaba Group Holding Limited Price

Alibaba Group Holding Limited price | Alibaba Group Holding Limited Quote

CME Group CME: This company which is the largest futures exchange in the world in terms of trading volume as well as notional value traded, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

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CME Group Inc. Price and Consensus

CME Group Inc. Price and Consensus

CME Group Inc. price-consensus-chart | CME Group Inc. Quote

CME Group’s shares gained 11.7% over the last three month compared with the S&P 500’s decline of 15.8%. The company possesses a Momentum Score of B.

CME Group Inc. Price

CME Group Inc. Price

CME Group Inc. price | CME Group Inc. Quote

 

See the full list of top ranked stocks here

 

Learn more about the Momentum score and how it is calculated here.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

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CME Group Inc. (CME) : Free Stock Analysis Report

Hang Seng Bank Ltd. (HSNGY) : Free Stock Analysis Report

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

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