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Top Ranked Momentum Stocks to Buy for September 8th

Zacks Equity Research
·3 mins read

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

The Michaels Companies, Inc. (MIK): This arts and crafts specialty retail stores owner has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34% over the last 60 days.

The Michaels Companies, Inc. Price and Consensus

The Michaels Companies, Inc. Price and Consensus
The Michaels Companies, Inc. Price and Consensus

The Michaels Companies, Inc. price-consensus-chart | The Michaels Companies, Inc. Quote

 

The Michaels Companies’ shares gained 31.3% over the last one month compared with the S&P 500’s growth of 2.3%. The company possesses a Momentum Score of A.

The Michaels Companies, Inc. Price

The Michaels Companies, Inc. Price
The Michaels Companies, Inc. Price

The Michaels Companies, Inc. price | The Michaels Companies, Inc. Quote

 

JD.com, Inc. (JD): This e-commerce company and retail infrastructure service provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.8% over the last 60 days.

JD.com, Inc. Price and Consensus

JD.com, Inc. Price and Consensus
JD.com, Inc. Price and Consensus

JD.com, Inc. price-consensus-chart | JD.com, Inc. Quote

 

JD.com’s shares gained 28.9% over the last one month. The company possesses a Momentum Score of A.

JD.com, Inc. Price

JD.com, Inc. Price
JD.com, Inc. Price

JD.com, Inc. price | JD.com, Inc. Quote

 

BRP Inc. (DOOO): This powersport vehicles and marine products developer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

BRP Inc. Price and Consensus

BRP Inc. Price and Consensus
BRP Inc. Price and Consensus

BRP Inc. price-consensus-chart | BRP Inc. Quote

 

BRP’s shares gained 19.5% over the last one month. The company possesses a Momentum Score of A.

BRP Inc. Price

BRP Inc. Price
BRP Inc. Price

BRP Inc. price | BRP Inc. Quote

 

Target Corporation (TGT): This general merchandise retailer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 44.2% over the last 60 days.

Target Corporation Price and Consensus

Target Corporation Price and Consensus
Target Corporation Price and Consensus

Target Corporation price-consensus-chart | Target Corporation Quote

 

Target’s shares gained 11.7% over the last one month. The company possesses a Momentum Score of A.

Target Corporation Price

Target Corporation Price
Target Corporation Price

Target Corporation price | Target Corporation Quote

 

See the full list of top ranked stocks here.

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

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Target Corporation (TGT) : Free Stock Analysis Report
 
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JD.com, Inc. (JD) : Free Stock Analysis Report
 
BRP Inc. (DOOO) : Free Stock Analysis Report
 
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