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Top Ranked Momentum Stocks to Buy for May 23rd

Zacks Equity Research

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

Arch Capital Group Ltd. (ACGL): This provider of property, casualty, and mortgage insurance and reinsurance products has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.

Arch Capital Group Ltd. Price and Consensus

Arch Capital Group Ltd. Price and Consensus

Arch Capital Group Ltd. price-consensus-chart | Arch Capital Group Ltd. Quote

Arch Capital’s shares gained 5.7% over the last one month against the S&P 500’s fall of 3.8%. The company possesses a Momentum Score of A.

Arch Capital Group Ltd. Price

Arch Capital Group Ltd. Price

Arch Capital Group Ltd. price | Arch Capital Group Ltd. Quote

American Equity Investment Life Holding Company (AEL): This provider of life insurance products and services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.4% over the last 60 days.

American Equity Investment Life Holding Company Price and Consensus

American Equity Investment Life Holding Company Price and Consensus

American Equity Investment Life Holding Company price-consensus-chart | American Equity Investment Life Holding Company Quote

American Equity’s shares gained 0.2% over the last one month. The company possesses a Momentum Score of B.

American Equity Investment Life Holding Company Price

American Equity Investment Life Holding Company Price

American Equity Investment Life Holding Company price | American Equity Investment Life Holding Company Quote

ALLETE, Inc. (ALE): This owner and operator of an energy company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 60 days.

Allete, Inc. Price and Consensus

Allete, Inc. Price and Consensus

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

ALLETE’s shares gained 3.2% over the last one month. The company possesses a Momentum Score of B.

Allete, Inc. Price

Allete, Inc. Price

Allete, Inc. price | Allete, 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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Allete, Inc. (ALE) : Free Stock Analysis Report
 
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