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Top Ranked Momentum Stocks to Buy for April 6th

Zacks Equity Research

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, April 6th:

Chewy, Inc. (CHWY): This company that engages in the pure play e-commerce business has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days.

Chewy Inc. Price and Consensus

Chewy Inc. Price and Consensus

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

Chewy’s shares gained 17% over the last one month in contrast the S&P 500 declined 17.7%. The company possesses a Momentum Score of A.

Chewy Inc. Price

Chewy Inc. Price

Chewy Inc. price | Chewy Inc. Quote

Frontline Ltd. (FRO): This shipping company that engages in the seaborne transportation of crude oil and oil products has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.

Frontline Ltd. Price and Consensus

Frontline Ltd. Price and Consensus

Frontline Ltd. price-consensus-chart | Frontline Ltd. Quote

Frontline’s shares gained 17.8% over the last one month. The company possesses a Momentum Score of A.

Frontline Ltd. Price

Frontline Ltd. Price

Frontline Ltd. price | Frontline Ltd. Quote

Teekay Tankers Ltd. (TNK): This company that provides marine transportation services to oil industries has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days.

Teekay Tankers Ltd. Price and Consensus

Teekay Tankers Ltd. Price and Consensus

Teekay Tankers Ltd. price-consensus-chart | Teekay Tankers Ltd. Quote

Teekay Tankers’ shares gained 14% over the last one month. The company possesses a Momentum Score of A.

Teekay Tankers Ltd. Price

Teekay Tankers Ltd. Price

Teekay Tankers Ltd. price | Teekay Tankers Ltd. Quote

Novan, Inc. (NOVN): This clinical development-stage biotechnology company has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.2% over the last 60 days.

Novan Inc. Price and Consensus

Novan Inc. Price and Consensus

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

Novan’s shares gained 13.2% over the last one month. The company possesses a Momentum Score of A.

Novan Inc. Price

Novan Inc. Price

Novan Inc. price | Novan 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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Teekay Tankers Ltd. (TNK) : Free Stock Analysis Report
 
Novan Inc. (NOVN) : Free Stock Analysis Report
 
Frontline Ltd. (FRO) : Free Stock Analysis Report
 
Chewy Inc. (CHWY) : Free Stock Analysis Report
 
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