Top Ranked Momentum Stocks to Buy for April 12th
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 12th:
SMART Global Holdings, Inc. (SGH): This company that designs and manufactures electronic products has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.
SMART Global Holdings, Inc. Price and Consensus
SMART Global Holdings, Inc. price-consensus-chart | SMART Global Holdings, Inc. Quote
SMART Global’s shares gained 20.3% over the last one month compared with the S&P 500’s growth of 4.2%. The company possesses a Momentum Score of A.
SMART Global Holdings, Inc. Price
SMART Global Holdings, Inc. price | SMART Global Holdings, Inc. Quote
Canon Inc. (CAJ): This company that manufactures and sells office multifunction devices, plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days.
Canon, Inc. Price and Consensus
Canon, Inc. price-consensus-chart | Canon, Inc. Quote
Canon’s shares gained 8.6% over the last one month. The company possesses a Momentum Score of A.
Canon, Inc. Price
Canon, Inc. price | Canon, Inc. Quote
Axcelis Technologies, Inc. (ACLS): This company that designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 9% over the last 60 days.
Axcelis Technologies, Inc. Price and Consensus
Axcelis Technologies, Inc. price-consensus-chart | Axcelis Technologies, Inc. Quote
Axcelis Technologies’ shares gained 5.7% over the last one month. The company possesses a Momentum Score of B.
Axcelis Technologies, Inc. Price
Axcelis Technologies, Inc. price | Axcelis Technologies, Inc. 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
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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>>
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