Top Momentum Stocks for January Riding the Momentum: Top Picks for January 2nd

By: Alex Freidmen

As the New Year kicks off in full swing, investors are eager to capitalize on the best opportunities the market has to offer. Here are three hand-picked stocks that promise strong momentum and potential gains, ready for your consideration on January 2nd:

BrainsWay Ltd. (BWAY)

BrainsWay boasts an impressive Zacks Rank #1, coupled with a remarkable 38.9% increase in the Zacks Consensus Estimate for its current year earnings over the past 60 days. The company, specializing in non-invasive neurostimulation treatments for mental health disorders, has seen its shares surge by a staggering 66.5% in the last three months, outpacing the S&P 500’s mere 12.2% advance. BrainsWay flaunts an enviable Momentum Score of A, cementing its position as a top contender for investors seeking substantial growth.

Ryanair Holdings plc (RYAAY)

With a Zacks Rank #1 and a 5.3% surge in the Zacks Consensus Estimate for its current year earnings over the past 60 days, Ryanair Holdings’ upward trajectory is impossible to ignore. The passenger airline company has witnessed a commendable 38.9% climb in its shares over the last three months, showcasing its formidable momentum against the broader market. Bolstering its appeal is a prestigious Momentum Score of A, affirming its potency as a lucrative investment prospect.

Equinox Gold Corp. (EQX)

Steadily gaining traction, Equinox Gold Corp. holds a Zacks Rank #1 and has experienced a substantial 72.7% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days. Despite a 15.6% rise in shares over the last three months, surpassing the S&P 500’s performance, Equinox Gold Corp. continues to exhibit an impressive Momentum Score of A, cementing its status as a promising avenue for investors seeking robust returns.

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For the full list of top-ranked stocks, check out the latest offerings by Zacks. Learn more about the Momentum score and how it is calculated, empowering investors with comprehensive insights into the market trends.

Harness the potential of these momentum stocks as you navigate the early days of 2024. Keep a keen eye on the ever-evolving landscape of the market, ensuring you stay on the pulse of burgeoning opportunities.