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Top Ranked Momentum Stocks to Buy for January 2nd

Zacks Equity Research

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

Allied Motion Technologies Inc. (AMOT): This designer and manufacturer of precision and specialty motion control components has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days.

Allied Motion Technologies, Inc. Price and Consensus

Allied Motion Technologies, Inc. Price and Consensus

Allied Motion Technologies, Inc. price-consensus-chart | Allied Motion Technologies, Inc. Quote

Allied Motion’s shares gained 0.2% over the last one month more than S&P 500’s loss of -7.2%. The company possesses a Momentum Score of A.

Allied Motion Technologies, Inc. Price

Allied Motion Technologies, Inc. Price

Allied Motion Technologies, Inc. price | Allied Motion Technologies, Inc. Quote

COUPA SOFTWARE (COUP): This is a cloud-based spend management platform provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

COUPA SOFTWARE Price and Consensus

COUPA SOFTWARE Price and Consensus

COUPA SOFTWARE price-consensus-chart | COUPA SOFTWARE Quote

COUPA’s shares gained 3.1% over the last one month. The company possesses a Momentum Score of B.

COUPA SOFTWARE Price

COUPA SOFTWARE Price

COUPA SOFTWARE price | COUPA SOFTWARE Quote

Tribune Media Company (TRCO): This media and entertainment company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its next year earnings increasing 7.8% over the last 60 days.

Tribune Media Company Price and Consensus

Tribune Media Company Price and Consensus

Tribune Media Company price-consensus-chart | Tribune Media Company Quote

Tribune Media’s shares gained 1.3% over the last one month. The company possesses a Momentum Score of B.

Tribune Media Company Price

Tribune Media Company Price

Tribune Media Company price | Tribune Media Company 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 $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 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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