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Top Ranked Momentum Stocks to Buy for August 3rd

Zacks Equity Research
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Huntington Ingalls (HII) Q3 Earnings Top, Revenues Up Y/Y

Huntington Ingalls' (HII) total revenues came in at $2.08 billion, which outpaced the Zacks Consensus Estimate of $1.92 billion by 8.3%

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 3rd:

Cleveland-Cliffs Inc. (CLF): This owner and operator of an iron ore mining company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings advancing 60.5% over the last 60 days.

Cleveland-Cliffs Inc. Price and Consensus

Cleveland-Cliffs Inc. Price and Consensus

Cleveland-Cliffs Inc. price-consensus-chart | Cleveland-Cliffs Inc. Quote

Cleveland-Cliffs’ shares gained 25.8% over the last one month more than S&P 500’s gain of 3.3%. The company possesses a Momentum Score of B.

Cleveland-Cliffs Inc. Price

Cleveland-Cliffs Inc. Price

Cleveland-Cliffs Inc. price | Cleveland-Cliffs Inc. Quote

Roper Technologies, Inc. (ROP): This developer of software has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.

Roper Technologies, Inc. Price and Consensus

Roper Technologies, Inc. Price and Consensus

Roper Technologies, Inc. price-consensus-chart | Roper Technologies, Inc. Quote

Roper Technologies’ shares gained 7.5% over the last one month. The company possesses a Momentum Score of B.

Roper Technologies, Inc. Price

Roper Technologies, Inc. Price

Roper Technologies, Inc. price | Roper Technologies, Inc. Quote

BioLife Solutions, Inc. (BLFS): This developer of medical instruments has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings jumping more than 100% over the last 60 days.

BioLife Solutions, Inc. Price and Consensus

BioLife Solutions, Inc. Price and Consensus

BioLife Solutions, Inc. price-consensus-chart | BioLife Solutions, Inc. Quote

BioLife’s shares gained 14% over the last one month. The company possesses a Momentum Score of B.

BioLife Solutions, Inc. Price

BioLife Solutions, Inc. Price

BioLife Solutions, Inc. price | BioLife Solutions, Inc. Quote

See the full list of top ranked stocks here

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

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


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