Top Ranked Momentum Stocks to Buy for July 2nd

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 2nd:

Baozun Inc. (BZUN): This brand e-commerce service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Baozun Inc. Price and Consensus

Baozun Inc. Price and Consensus

Baozun Inc. price-consensus-chart | Baozun Inc. Quote

Baozun’s shares gained 32.1% over the last one month compared to the S&P 500 rise of 2%. The company possesses a Momentum Score of A.

Baozun Inc. Price

Baozun Inc. Price

Baozun Inc. price | Baozun Inc. Quote

Patrick Industries, Inc. (PATK): This building products and materials manufacturer and distributor has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.8% over the last 60 days.

Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. price-consensus-chart | Patrick Industries, Inc. Quote

Patrick Industries’ shares gained 8.7% over the last one month. The company possesses a Momentum Score of A.

Patrick Industries, Inc. Price

Patrick Industries, Inc. Price

Patrick Industries, Inc. price | Patrick Industries, Inc. Quote

58.com Inc. (WUBA): This multi-category online classifieds platform has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 44% over the last 60 days.

58.com Inc. Price and Consensus

58.com Inc. Price and Consensus

58.com Inc. price-consensus-chart | 58.com Inc. Quote

58.com’s shares gained 7.8% over the last one month. The company possesses a Momentum Score of B.

58.com Inc. Price

58.com Inc. Price

58.com Inc. price | 58.com Inc. Quote

See the full list of top ranked stocks here

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

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