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Top Ranked Momentum Stocks to Buy for January 23rd

Zacks Equity Research

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, January 23rd:

Itron, Inc. (ITRI): This technology and service company that provides end-to-end solutions that measures, manages, and analyzes energy and water use has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

Itron, Inc. Price and Consensus

Itron, Inc. Price and Consensus

Itron, Inc. price-consensus-chart | Itron, Inc. Quote

Itron shares gained 4% over the last one month above the S&P 500’s increase 3%. The company possesses a Momentum Score of A.

Itron, Inc. Price

Itron, Inc. Price

Itron, Inc. price | Itron, Inc. Quote

Cable One, Inc. (CABO): This company that owns and operates cable systems that provide data, video, and voice services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 60 days.

Cable One, Inc. Price and Consensus

Cable One, Inc. Price and Consensus

Cable One, Inc. price-consensus-chart | Cable One, Inc. Quote

Cable One shares gained 9.9% over the last one month. The company possesses a Momentum Score of A.

Cable One, Inc. Price

Cable One, Inc. Price

Cable One, Inc. price | Cable One, Inc. Quote

Installed Building Products, Inc. (IBP): This company engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 60 days.

Installed Building Products, Inc. Price and Consensus

Installed Building Products, Inc. Price and Consensus

Installed Building Products, Inc. price-consensus-chart | Installed Building Products, Inc. Quote

Installed Building Products shares gained 8.7% over the last one month. The company possesses a Momentum Score of A.

Installed Building Products, Inc. Price

Installed Building Products, Inc. Price

Installed Building Products, Inc. price | Installed Building Products, Inc. Quote

Teradyne, Inc. (TER): This company that designs, develops, manufactures, sells, and supports automatic test equipment has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.

Teradyne, Inc. Price and Consensus

Teradyne, Inc. Price and Consensus

Teradyne, Inc. price-consensus-chart | Teradyne, Inc. Quote

Teradyne’s shares gained 6.5% over the last one month. The company possesses a Momentum Score of A.

Teradyne, Inc. Price

Teradyne, Inc. Price

Teradyne, Inc. price | Teradyne, Inc. Quote

See the full list of top ranked stocks here

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

The Hottest Tech Mega-Trend of All                

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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