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Top Ranked Momentum Stocks to Buy for December 3rd

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Zacks Equity Research
·3 min read
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, December 3rd:

Summit Midstream Partners, LP (SMLP): This midstream energy infrastructure assets owner, developer and operator has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 26% over the last 60 days.

 

Summit Midstream Partners, LP Price and Consensus

Summit Midstream Partners, LP Price and Consensus
Summit Midstream Partners, LP Price and Consensus

Summit Midstream Partners, LP price-consensus-chart | Summit Midstream Partners, LP Quote

 

Summit Midstream Partners’ shares gained 52.7% over the last one month compared with the S&P 500’s growth of 10.8%. The company possesses a Momentum Score of A.

 

Summit Midstream Partners, LP Price

Summit Midstream Partners, LP Price
Summit Midstream Partners, LP Price

Summit Midstream Partners, LP price | Summit Midstream Partners, LP Quote

 

Ternium S.A. (TX): This various steel products provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Ternium S.A. Price and Consensus

Ternium S.A. Price and Consensus
Ternium S.A. Price and Consensus

Ternium S.A. price-consensus-chart | Ternium S.A. Quote

 

Ternium’s shares gained 41.7% over the last one month. The company possesses a Momentum Score of A.

 

Ternium S.A. Price

Ternium S.A. Price
Ternium S.A. Price

Ternium S.A. price | Ternium S.A. Quote

 

Private Bancorp of America, Inc. (PBAM): This bank holding company a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.

 

Private Bancorp of America, Inc. Price and Consensus

Private Bancorp of America, Inc. Price and Consensus
Private Bancorp of America, Inc. Price and Consensus

Private Bancorp of America, Inc. price-consensus-chart | Private Bancorp of America, Inc. Quote

 

Private Bancorp of America’s shares gained 27.2% over the last one month. The company possesses a Momentum Score of A.

 

Private Bancorp of America, Inc. Price

Private Bancorp of America, Inc. Price
Private Bancorp of America, Inc. Price

Private Bancorp of America, Inc. price | Private Bancorp of America, Inc. Quote

 

Domtar Corporation (UFS): This communication papers, specialty and packaging papers, and absorbent hygiene products manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Domtar Corporation Price and Consensus

Domtar Corporation Price and Consensus
Domtar Corporation Price and Consensus

Domtar Corporation price-consensus-chart | Domtar Corporation Quote

 

Domtar’s shares gained 26.5% over the last one month. The company possesses a Momentum Score of A.

 

Domtar Corporation Price

Domtar Corporation Price
Domtar Corporation Price

Domtar Corporation price | Domtar Corporation Quote

 

See the full list of top ranked stocks here

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

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Domtar Corporation (UFS) : Free Stock Analysis Report
 
Ternium S.A. (TX) : Free Stock Analysis Report
 
Summit Midstream Partners, LP (SMLP) : Free Stock Analysis Report
 
Private Bancorp of America, Inc. (PBAM) : Free Stock Analysis Report
 
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Zacks Investment Research