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Top Ranked Momentum Stocks to Buy for August 1st

Zacks Equity Research

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 1st:

Asbury Automotive Group, Inc. (ABG): This automotive retail and service company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.3% 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 Automotive'sshares gained 10.2% over the last one month against the S&P 500’s rise of 1%. 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

Arch Capital Group Ltd. (ACGL): This provider of property, casualty and mortgage insurance and reinsurance products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.

Arch Capital Group Ltd. Price and Consensus

Arch Capital Group Ltd. Price and Consensus

Arch Capital Group Ltd. price-consensus-chart | Arch Capital Group Ltd. Quote

Arch Capital’s shares gained 3.5% over the last one month. The company possesses a Momentum Score of A.

Arch Capital Group Ltd. Price

Arch Capital Group Ltd. Price

Arch Capital Group Ltd. price | Arch Capital Group Ltd. Quote

Ally Financial Inc. (ALLY): This digital financial-services company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.

Ally Financial Inc. Price and Consensus

Ally Financial Inc. Price and Consensus

Ally Financial Inc. price-consensus-chart | Ally Financial Inc. Quote

Ally’s shares gained 5% over the last one month. The company possesses a Momentum Score of A.

Ally Financial Inc. Price

Ally Financial Inc. Price

Ally Financial Inc. price | Ally Financial 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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