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Top Ranked Momentum Stocks to Buy for January 24th

Zacks Equity Research

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

Northrop Grumman Corporation (NOC): This is a provider of defense and surveillance products and has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% over the last 60 days.

Northrop Grumman Corporation Price and Consensus

Northrop Grumman Corporation Price and Consensus

Northrop Grumman Corporation price-consensus-chart | Northrop Grumman Corporation Quote

Northrop Grumman’s shares gained 16.2% over the last one month against the S&P 500’s rise of 6.9%. The company possesses a Momentum Score of B.

Northrop Grumman Corporation Price

Northrop Grumman Corporation Price

Northrop Grumman Corporation price | Northrop Grumman Corporation Quote

CrossAmerica Partners LP (CAPL): This wholesale distributor of motor fuel and real estate leasing company 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.

CrossAmerica Partners LP Price and Consensus

CrossAmerica Partners LP Price and Consensus

CrossAmerica Partners LP price-consensus-chart | CrossAmerica Partners LP Quote

CrossAmerica Partners’ shares gained 23% over the last one month. The company possesses a Momentum Score of A.

CrossAmerica Partners LP Price

CrossAmerica Partners LP Price

CrossAmerica Partners LP price | CrossAmerica Partners LP Quote

Phillips 66 Partners LP (PSXP): This petroleum products developer and midstream assets owner has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.

Phillips 66 Partners LP Price and Consensus

Phillips 66 Partners LP Price and Consensus

Phillips 66 Partners LP price-consensus-chart | Phillips 66 Partners LP Quote

Phillips 66 Partners’ shares gained 12.9% over the last one month. The company possesses a Momentum Score of A.

Phillips 66 Partners LP Price

Phillips 66 Partners LP Price

Phillips 66 Partners LP price | Phillips 66 Partners LP Quote

Ally Financial Inc. (ALLY): This financial products and services provider has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.3% 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 Financial’s shares gained 15.5% 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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