Top Ranked Momentum Stocks to Buy for January 18th

Zacks Equity Research
·3 min read

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 18th:

Boot Barn Holdings, Inc. (BOOT): This lifestyle retail chain has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days.

 

Boot Barn Holdings, Inc. Price and Consensus

Boot Barn Holdings, Inc. Price and Consensus
Boot Barn Holdings, Inc. Price and Consensus

Boot Barn Holdings, Inc. price-consensus-chart | Boot Barn Holdings, Inc. Quote

 

Boot Barn’s shares gained 35.7% over the last one month compared with the S&P 500’s growth of 1.2%. The company possesses a Momentum Score of A.

 

Boot Barn Holdings, Inc. Price

Boot Barn Holdings, Inc. Price
Boot Barn Holdings, Inc. Price

Boot Barn Holdings, Inc. price | Boot Barn Holdings, Inc. Quote

 

Tesla, Inc. (TSLA): This designer, developer, manufacturer and seller of electric vehicles, and energy generation and storage systems has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.

 

Tesla, Inc. Price and Consensus

Tesla, Inc. Price and Consensus
Tesla, Inc. Price and Consensus

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

 

Tesla’s shares gained nearly 26% over the last one month. The company possesses a Momentum Score of A.

 

Tesla, Inc. Price

Tesla, Inc. Price
Tesla, Inc. Price

Tesla, Inc. price | Tesla, Inc. Quote

 

Baidu, Inc. (BIDU): This provider of Internet search services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.2% over the last 60 days.

 

Baidu, Inc. Price and Consensus

Baidu, Inc. Price and Consensus
Baidu, Inc. Price and Consensus

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

 

Baidu’s shares gained 25.7% over the last one month. The company possesses a Momentum Score of A.

 

Baidu, Inc. Price

Baidu, Inc. Price
Baidu, Inc. Price

Baidu, Inc. price | Baidu, Inc. Quote

 

Hibbett Sports, Inc. (HIBB): This retailer of athletic-inspired fashion products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.1% over the last 60 days.

 

Hibbett Sports, Inc. Price and Consensus

Hibbett Sports, Inc. Price and Consensus
Hibbett Sports, Inc. Price and Consensus

Hibbett Sports, Inc. price-consensus-chart | Hibbett Sports, Inc. Quote

 

Hibbett Sports’ shares gained 25.2% over the last one month. The company possesses a Momentum Score of A.

 

Hibbett Sports, Inc. Price

Hibbett Sports, Inc. Price
Hibbett Sports, Inc. Price

Hibbett Sports, Inc. price | Hibbett Sports, Inc. Quote

 

See the full list of top ranked stocks here

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

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech 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
 
Tesla, Inc. (TSLA) : Free Stock Analysis Report
 
Hibbett Sports, Inc. (HIBB) : Free Stock Analysis Report
 
Boot Barn Holdings, Inc. (BOOT) : Free Stock Analysis Report
 
Baidu, Inc. (BIDU) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research