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Top Ranked Momentum Stocks to Buy for January 2nd

Zacks Equity Research

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

Arcosa, Inc. (ACA): This manufacturer and seller of infrastructure-related products and services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.

Arcosa, Inc. Price and Consensus

Arcosa, Inc. Price and Consensus
Arcosa, Inc. Price and Consensus

Arcosa, Inc. price-consensus-chart | Arcosa, Inc. Quote

Arcosa's shares gained 14.8% over the last one month compared to S&P 500’s rise of 3.8%. The company possesses a Momentum Score of A.

Arcosa, Inc. Price

Arcosa, Inc. Price
Arcosa, Inc. Price

Arcosa, Inc. price | Arcosa, Inc. Quote

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Best Buy Co., Inc. (BBY): This retailer of technology products, services, and solutions has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.3% over the last 60 days.

Best Buy Co., Inc. Price and Consensus

Best Buy Co., Inc. Price and Consensus
Best Buy Co., Inc. Price and Consensus

Best Buy Co., Inc. price-consensus-chart | Best Buy Co., Inc. Quote

Best Buy’s shares gained 10.9% over the last one month. The company possesses a Momentum Score of A.

Best Buy Co., Inc. Price

Best Buy Co., Inc. Price
Best Buy Co., Inc. Price

Best Buy Co., Inc. price | Best Buy Co., Inc. Quote

Bristol-Myers Squibb Company (BMY): This manufacturer and distributor of biopharmaceutical products has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.

Bristol-Myers Squibb Company Price and Consensus

Bristol-Myers Squibb Company Price and Consensus
Bristol-Myers Squibb Company Price and Consensus

Bristol-Myers Squibb Company price-consensus-chart | Bristol-Myers Squibb Company Quote

Bristol-Myers’ shares gained 11.8% over the last one month. The company possesses a Momentum Score of B.

Bristol-Myers Squibb Company Price

Bristol-Myers Squibb Company Price
Bristol-Myers Squibb Company Price

Bristol-Myers Squibb Company price | Bristol-Myers Squibb Company Quote

See the full list of top ranked stocks here

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

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.6% per year. So be sure to give these hand-picked 7 your immediate attention.

See 7 handpicked stocks now >> 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bristol-Myers Squibb Company (BMY) : Free Stock Analysis Report
 
Best Buy Co., Inc. (BBY) : Free Stock Analysis Report
 
Arcosa, Inc. (ACA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research