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Top Ranked Momentum Stocks to Buy for July 2nd

Zacks Equity Research
·2 mins read

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

Baozun Inc. (BZUN): This brand e-commerce service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Baozun Inc. Price and Consensus

Baozun Inc. Price and Consensus
Baozun Inc. Price and Consensus

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

Baozun’s shares gained 32.1% over the last one month compared to the S&P 500 rise of 2%. The company possesses a Momentum Score of A.

Baozun Inc. Price

Baozun Inc. Price
Baozun Inc. Price

Baozun Inc. price | Baozun Inc. Quote

Patrick Industries, Inc. (PATK): This building products and materials manufacturer and distributor has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.8% over the last 60 days.

Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. Price and Consensus
Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. price-consensus-chart | Patrick Industries, Inc. Quote

Patrick Industries’ shares gained 8.7% over the last one month. The company possesses a Momentum Score of A.

Patrick Industries, Inc. Price

Patrick Industries, Inc. Price
Patrick Industries, Inc. Price

Patrick Industries, Inc. price | Patrick Industries, Inc. Quote

58.com Inc. (WUBA): This multi-category online classifieds platform has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 44% over the last 60 days.

58.com Inc. Price and Consensus

58.com Inc. Price and Consensus
58.com Inc. Price and Consensus

58.com Inc. price-consensus-chart | 58.com Inc. Quote

58.com’s shares gained 7.8% over the last one month. The company possesses a Momentum Score of B.

58.com Inc. Price

58.com Inc. Price
58.com Inc. Price

58.com Inc. price | 58.com Inc. Quote

See the full list of top ranked stocks here

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

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58.com Inc. (WUBA) : Free Stock Analysis Report
 
Patrick Industries, Inc. (PATK) : Free Stock Analysis Report
 
Baozun Inc. (BZUN) : Free Stock Analysis Report
 
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Zacks Investment Research