Top Ranked Momentum Stocks to Buy for December 4th

Zacks
04 Dec 2020

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, December 4th:

Altus Midstream Company (ALTM): This company that owns gas gathering, processing, and transmission assets has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.4% over the last 60 days.

Altus Midstream Company Price and Consensus

Altus Midstream Company price-consensus-chart | Altus Midstream Company Quote

Altus Midstream’s shares gained more than 100% over the last one month compared with the S&P 500’s growth of 9.1%. The company possesses a Momentum Score of A.

Altus Midstream Company Price

Altus Midstream Company price | Altus Midstream Company Quote

Schnitzer Steel Industries, Inc. (SCHN): This company that recycles ferrous and nonferrous scrap metals; and manufactures finished steel products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.3% over the last 60 days.

Schnitzer Steel Industries, Inc. Price and Consensus

Schnitzer Steel Industries, Inc. price-consensus-chart | Schnitzer Steel Industries, Inc. Quote

Schnitzer Steel’s shares gained 23.9% over the last one month. The company possesses a Momentum Score of A.

Schnitzer Steel Industries, Inc. Price

Schnitzer Steel Industries, Inc. price | Schnitzer Steel Industries, Inc. Quote

Brooks Automation, Inc. (BRKS): This manufacturing automation solutions provider a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.9% over the last 60 days.

Brooks Automation, Inc. Price and Consensus

Brooks Automation, Inc. price-consensus-chart | Brooks Automation, Inc. Quote

Brooks Automation’s shares gained 41.6% over the last one month. The company possesses a Momentum Score of A.

Brooks Automation, Inc. Price

Brooks Automation, Inc. price | Brooks Automation, Inc. Quote

Patterson Companies, Inc. (PDCO): This dental and animal health products distributor and seller has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 2% over the last 60 days.

Patterson Companies, Inc. Price and Consensus

Patterson Companies, Inc. price-consensus-chart | Patterson Companies, Inc. Quote

Patterson Companies’ shares gained 24.6% over the last one month. The company possesses a Momentum Score of A.

Patterson Companies, Inc. Price

Patterson Companies, Inc. price | Patterson Companies, Inc. Quote

See the full list of top ranked stocks here

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

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


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
 
Schnitzer Steel Industries, Inc. (SCHN) : Free Stock Analysis Report
 
Patterson Companies, Inc. (PDCO) : Free Stock Analysis Report
 
Brooks Automation, Inc. (BRKS) : Free Stock Analysis Report
 
Altus Midstream Company (ALTM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10