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Top Ranked Momentum Stocks to Buy for August 30th

Zacks Equity Research

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, August 30th:

Purple Innovation, Inc. (PRPL):This manufacturer of mattresses has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

PURPLE INNOVATION, INC. Price and Consensus

PURPLE INNOVATION, INC. Price and Consensus

PURPLE INNOVATION, INC. price-consensus-chart | PURPLE INNOVATION, INC. Quote

Purple Innovation’s shares gained 25.8% over the last one month more than S&P 500’s decline of 2.9%. The company possesses a Momentum Score of A.

PURPLE INNOVATION, INC. Price

PURPLE INNOVATION, INC. Price

PURPLE INNOVATION, INC. price | PURPLE INNOVATION, INC. Quote

NewMarket Corporation (NEU): This company that engages in the petroleum additives businesses has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

NewMarket Corporation Price and Consensus

NewMarket Corporation Price and Consensus

NewMarket Corporation price-consensus-chart | NewMarket Corporation Quote

NewMarket’s shares gained 10.9% over the last one month. The company possesses a Momentum Score of B.

NewMarket Corporation Price

NewMarket Corporation Price

NewMarket Corporation price | NewMarket Corporation Quote

Franco-Nevada Corporation (FNV): This mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.8% over the last 60 days.

Franco-Nevada Corporation Price and Consensus

Franco-Nevada Corporation Price and Consensus

Franco-Nevada Corporation price-consensus-chart | Franco-Nevada Corporation Quote

Franco-Nevada’s shares gained 8.7% over the last one month. The company possesses a Momentum Score of A.

Franco-Nevada Corporation Price

Franco-Nevada Corporation Price

Franco-Nevada Corporation price | Franco-Nevada Corporation Quote

Eldorado Gold Corporation (EGO): This gold mining company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 90% over the last 60 days.

Eldorado Gold Corporation Price and Consensus

Eldorado Gold Corporation Price and Consensus

Eldorado Gold Corporation price-consensus-chart | Eldorado Gold Corporation Quote

Eldorado Gold’s shares gained 14.1% over the last one month. The company possesses a Momentum Score of B.

Eldorado Gold Corporation Price

Eldorado Gold Corporation Price

Eldorado Gold Corporation price | Eldorado Gold Corporation 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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PURPLE INNOVATION, INC. (PRPL) : Free Stock Analysis Report
 
NewMarket Corporation (NEU) : Free Stock Analysis Report
 
Franco-Nevada Corporation (FNV) : Free Stock Analysis Report
 
Eldorado Gold Corporation (EGO) : Free Stock Analysis Report
 
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