Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 29th:
MPLX LP MPLX: This master limited partnership which is engaged in providing a wide range of midstream energy services, including fuel distribution solutions, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.
MPLX LP Price and Consensus
MPLX LP price-consensus-chart | MPLX LP Quote
MPLX’s shares gained 6.7% over the last three month compared with the S&P 500’s gain of 6.1%. The company possesses a Momentum Score of A.
MPLX LP Price
Palomar Holdings PLMR: This rapidly growing and profitable company which is focused on the provision of catastrophe insurance for personal and commercial property, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.
Palomar Holdings, Inc. Price and Consensus
Palomar Holdings, Inc. price-consensus-chart | Palomar Holdings, Inc. Quote
Palomar Holdings’ shares gained 15.4% over the last three month compared with the S&P 500’s gain of 6.1%. The company possesses a Momentum Score of B.
Palomar Holdings, Inc. Price
Palomar Holdings, Inc. price | Palomar Holdings, Inc. Quote
Canon CAJPY: This company which is an industry leader in professional and consumer imaging equipment and information systems, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.
Canon, Inc. Price and Consensus
Canon, Inc. price-consensus-chart | Canon, Inc. Quote
Canon’s shares gained 21.8% over the last three month compared with the S&P 500’s gain of 6.1%. The company possesses a Momentum Score of B.
Canon, Inc. Price
Canon, Inc. price | Canon, 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 handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
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 >>MPLX LP (MPLX) : Free Stock Analysis Report
Palomar Holdings, Inc. (PLMR) : Free Stock Analysis Report
Canon, Inc. (CAJPY) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
