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Top Ranked Momentum Stocks to Buy for May 8th

Zacks Equity Research

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 8th:

Asbury Automotive Group, Inc. (ABG): This automotive retailer has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 days.

Asbury Automotive Group, Inc. Price and Consensus

Asbury Automotive Group, Inc. Price and Consensus

Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote

Asbury’s shares gained 10.6% over the last one month against the S&P 500’s fall of 0.4%. The company possesses a Momentum Score of B.

Asbury Automotive Group, Inc. Price

Asbury Automotive Group, Inc. Price

Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote

Aerojet Rocketdyne Holdings, Inc. (AJRD): This manufacturer of aerospace and defense products and systems has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.4% over the last 60 days.

Aerojet Rocketdyne Holdings, Inc. Price and Consensus

Aerojet Rocketdyne Holdings, Inc. Price and Consensus

Aerojet Rocketdyne Holdings, Inc. price-consensus-chart | Aerojet Rocketdyne Holdings, Inc. Quote

Aerojet Rocketdyne’s shares gained 9.7% over the last one month. The company possesses a Momentum Score of B.

Aerojet Rocketdyne Holdings, Inc. Price

Aerojet Rocketdyne Holdings, Inc. Price

Aerojet Rocketdyne Holdings, Inc. price | Aerojet Rocketdyne Holdings, Inc. Quote

American Equity Investment Life Holding Company (AEL): This provider of life insurance products and services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.

American Equity Investment Life Holding Company Price and Consensus

American Equity Investment Life Holding Company Price and Consensus

American Equity Investment Life Holding Company price-consensus-chart | American Equity Investment Life Holding Company Quote

American Equity’s shares gained 4.3% over the last one month. The company possesses a Momentum Score of B.

American Equity Investment Life Holding Company Price

American Equity Investment Life Holding Company Price

American Equity Investment Life Holding Company price | American Equity Investment Life Holding Company Quote

See the full list of top ranked stocks here.

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

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.