For investors seeking momentum stocks, the allure of market-beating returns is akin to chasing the pot of gold at the end of the rainbow. Today, on April 8th, three stocks have garnered attention for their strong momentum and buying potential.
An Energetic Pick: SM Energy Company
SM Energy Company (SM): As fierce as a gale-force wind, this energy company boasts a Zacks Rank #1 and has seen a 10.1% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days.
SM Energy Company Price and Consensus
SM Energy Company’s shares have soared by an impressive 38.6% in the last three months, leaving the broader S&P 500’s 9.5% gain trailing in its wake. The company flaunts a Momentum Score of A, signaling strong potential for those eyeing the energy sector.
Revving Up Innovation: Canoo Inc.
Canoo Inc. (GOEV): Driving into the future like a sleek sports car, this mobility technology marvel holds a Zacks Rank #1 and has witnessed a remarkable 58% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days.
Canoo Inc. Price and Consensus
Canoo Inc.’s shares have accelerated by 18.7% in just one month, outpacing the S&P 500’s 2.1% increase. With a Momentum Score of A, this company promises a thrilling ride for investors seeking opportunities in the tech industry.
Technological Innovations: Uber Technologies, Inc.
Uber Technologies, Inc. (UBER): Pioneering technological advancement like a modern-day Edison, this solutions provider holds a Zacks Rank #1 and has seen a robust 15.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days.
Uber Technologies, Inc. Price and Consensus
Uber Technologies has experienced a 27.9% surge in its shares in the last month, eclipsing the S&P 500’s 9.5% rise. With a Momentum Score of B, this visionary company remains a focal point for investors keen on the technology sector.
Uncovering momentum stocks is akin to discovering a rare gem in a sea of options. These top-ranked companies present an inviting narrative for investors looking to ride the wave of momentum-driven success.