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Top Ranked Momentum Stocks to Buy for May 24th

Zacks Equity Research

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th:

Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days.

Melco Crown Entertainment Limited Price and Consensus

Melco Crown Entertainment Limited Price and Consensus | Melco Crown Entertainment Limited Quote

Melco Resorts & Entertainment’s shares gained 34.9% over the last three months higher than S&P 500’s gains of 1.5%. The company possesses a Momentum Score of A.

Melco Crown Entertainment Limited Price

Melco Crown Entertainment Limited Price | Melco Crown Entertainment Limited Quote

Deere & Company (DE): The manufacturer of agricultural equipments has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 27.7% over the last 60 days.

Deere & Company Price and Consensus

Deere & Company Price and Consensus | Deere & Company Quote

Deere’s shares gained 13.4% over the last three months. The company possesses a Momentum Score of A.

Deere & Company Price

Deere & Company Price | Deere & Company Quote

MagnaChip Semiconductor Corporation (MX): The designer of semiconductor productshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.5% over the last 60 days.

MagnaChip Semiconductor Corporation Price and Consensus

MagnaChip Semiconductor Corporation Price and Consensus | MagnaChip Semiconductor Corporation Quote

MagnaChip Semiconductor’s shares gained 20.7% over the last three months. The company possesses a Momentum Score of A.

MagnaChip Semiconductor Corporation Price

MagnaChip Semiconductor Corporation Price | MagnaChip Semiconductor Corporation Quote

Pinnacle Entertainment, Inc. (PNK): The entertainment companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.

Pinnacle Entertainment, Inc. Price and Consensus

Pinnacle Entertainment, Inc. Price and Consensus | Pinnacle Entertainment, Inc. Quote

Pinnacle Entertainment’s shares gained 15.6% over the last three months. The company possesses a Momentum Score of A.

Pinnacle Entertainment, Inc. Price

Pinnacle Entertainment, Inc. Price | Pinnacle Entertainment, 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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