U.S. markets closed

Top Ranked Momentum Stocks to Buy for February 4th

Zacks Equity Research

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 4th:                   

RLI Corp. (RLI): This is an insurance holding company, underwrites property and casualty insurance has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.

RLI Corp. Price and Consensus

RLI Corp. Price and Consensus

RLI Corp. price-consensus-chart | RLI Corp. Quote

RLI’s shares gained 3.1% over the last one month over the S&P 500’s growth of 0.1%. The company possesses a Momentum Score of A.

RLI Corp. Price

RLI Corp. Price

RLI Corp. price | RLI Corp. Quote

Mellanox Technologies, Ltd. (MLNX): This is a fabless semiconductor company, designs, manufactures, markets, and sells interconnect products and solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.

Mellanox Technologies, Ltd. Price and Consensus

Mellanox Technologies, Ltd. Price and Consensus

Mellanox Technologies, Ltd. price-consensus-chart | Mellanox Technologies, Ltd. Quote

Mellanox Technologies’ shares gained 1.8% over the last one month. The company possesses a Momentum Score of A.

Mellanox Technologies, Ltd. Price

Mellanox Technologies, Ltd. Price

Mellanox Technologies, Ltd. price | Mellanox Technologies, Ltd. Quote

Xenon Pharmaceuticals Inc. (XENE): This ís a clinical-stage biopharmaceutical company, engages in developing therapeutics to treat patients with neurological disorders has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 29.7% over the last 60 days.

Xenon Pharmaceuticals Inc. Price and Consensus

Xenon Pharmaceuticals Inc. Price and Consensus

Xenon Pharmaceuticals Inc. price-consensus-chart | Xenon Pharmaceuticals Inc. Quote

Xenon Pharmaceuticals shares gained 4.8% over the last one month. The company possesses a Momentum Score of B.

Xenon Pharmaceuticals Inc. Price

Xenon Pharmaceuticals Inc. Price

Xenon Pharmaceuticals Inc. price | Xenon Pharmaceuticals Inc. Quote

See the full list of top ranked stocks here

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

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.7% per year. So be sure to give these hand-picked 7 your immediate attention.

See 7 handpicked 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
 
Xenon Pharmaceuticals Inc. (XENE) : Free Stock Analysis Report
 
RLI Corp. (RLI) : Free Stock Analysis Report
 
Mellanox Technologies, Ltd. (MLNX) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research