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Best Momentum Stocks to Buy for May 2nd

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

Avnet AVT: This world’s largest distributor of electronic components and computer products company, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Avnet, Inc. Price and Consensus

Avnet, Inc. Price and Consensus
Avnet, Inc. Price and Consensus

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

Avnet’s shares gained 6.7% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum Score of A.

Avnet, Inc. Price

Avnet, Inc. Price
Avnet, Inc. Price

Avnet, Inc. price | Avnet, Inc. Quote

Iamgold IAG: This international gold exploration and mining company based in Canada, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 180% over the last 60 days.

Iamgold Corporation Price and Consensus

Iamgold Corporation Price and Consensus
Iamgold Corporation Price and Consensus

Iamgold Corporation price-consensus-chart | Iamgold Corporation Quote

Iamgold’s shares gained 10.6% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum Score of A

Iamgold Corporation Price

Iamgold Corporation Price
Iamgold Corporation Price

Iamgold Corporation price | Iamgold Corporation Quote

C.H. Robinson Worldwide CHRW: This company which provides freight transportation services and logistic solutions to companies across a wide range of industries, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

C.H. Robinson Worldwide, Inc. Price and Consensus

C.H. Robinson Worldwide, Inc. Price and Consensus
C.H. Robinson Worldwide, Inc. Price and Consensus

C.H. Robinson Worldwide, Inc. price-consensus-chart | C.H. Robinson Worldwide, Inc. Quote

C.H. Robinson Worldwide’s shares gained 19.2% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum Score of B.

C.H. Robinson Worldwide, Inc. Price

C.H. Robinson Worldwide, Inc. Price
C.H. Robinson Worldwide, Inc. Price

C.H. Robinson Worldwide, Inc. price | C.H. Robinson Worldwide, Inc. Quote

See the full list of top ranked stocks here

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


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

Avnet, Inc. (AVT) : Free Stock Analysis Report

C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report

Iamgold Corporation (IAG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

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