Top Momentum Stocks to Consider Exploring Best Momentum Stocks for Investment on June 7th

By: Alex Freidmen

Here are three stellar stocks with strong momentum characteristics for savvy investors to take into account on June 7th:

Thriving Texas Roadhouse Inc.

Texas Roadhouse Inc. (TXRH), a leading restaurant chain, proudly holds a Zacks Rank #1. Impressively, the Zacks Consensus Estimate for its current year earnings has surged by 5.4% over the past 60 days.

Texas Roadhouse Inc. – Rising Price and Consensus

Texas Roadhouse has outperformed with a 14.7% increase in its shares over the last three months as compared to S&P 500’s 5.2% advance. The company boasts a Momentum Score of A.

Meteoric MINISO Group Holding Limited Performance

MINISO Group Holding Limited (MNSO), a renowned retailer and wholesaler of lifestyle products, secures a Zacks Rank #1. Notably, the Zacks Consensus Estimate for its current year earnings has soared by 12.5% in the last 60 days.

MINISO Group Holding Limited Unsponsored ADR – Successful Price Trend

MINISO shines bright with a remarkable 26.4% surge in its shares over the past three months, surpassing the S&P 500’s 5.2% growth. The company possesses a laudable Momentum Score of A.

Lightspeed Commerce Inc. – Illuminating Market Performance

Lightspeed Commerce Inc. (LSPD), specializing in cloud-based software subscriptions and payment solutions, boasts a Zacks Rank #1. In an exceptional feat, the Zacks Consensus Estimate for its current year earnings has escalated by an impressive 45% within the last 60 days.

Lightspeed Commerce Inc. Price – Bright Outcome

Lightspeed has demonstrated a solid performance with an 8.5% increase in its shares over the preceding three months when juxtaposed with S&P 500’s 5.2% progress. The company’s Momentum Score stands high at A.

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Check out the full list of top-ranked stocks here.

Boost your knowledge about the Momentum score and its calculation here.

Zacks Unveils “Single Best Pick to Double”

Among thousands of stocks, 5 Zacks experts have nominated their top favorites set to skyrocket by +100% or more in the upcoming months. From this elite group, Director of Research Sheraz Mian has handpicked a hidden gem projected to exhibit explosive growth.

Positioned in the chemical realm, this company has surged by 65% in the previous year while still maintaining an attractive price. Fueled by relentless demand, soaring 2022 profit predictions, and a $1.5 billion allocation for share buybacks, retail investors are poised for potential gains.

This promising venture could potentially outshine or rival previous Zacks’ trailblazers like Boston Beer Company, which soared +143.0% in just over 9 months, and NVIDIA, which posted an astonishing +175.9% rise in one year.

Free: Discover Our Top Stock and 4 Runner-Up Options here.

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