Best Momentum Stock to Buy for January 20th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 20th:

HudBay Minerals HBM: This mining company which engages in discovery, production and marketing of base metals in North and Central America, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.

HudBay Minerals Inc Price and Consensus

HudBay Minerals Inc Price and Consensus

HudBay Minerals Inc price-consensus-chart | HudBay Minerals Inc Quote

HudBay Minerals' shares gained 36.9% over the last three month compared with the S&P 500’s gain of 2.9%. The company possesses a Momentum Score of A.

HudBay Minerals Inc Price

HudBay Minerals Inc Price

HudBay Minerals Inc price | HudBay Minerals Inc Quote

The Goldman Sachs Group GS:This leading global financial holding company, which provides IB, securities, investment management, and consumer banking services to a diversified client base, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

The Goldman Sachs Group, Inc. Price and Consensus

The Goldman Sachs Group, Inc. Price and Consensus

The Goldman Sachs Group, Inc. price-consensus-chart | The Goldman Sachs Group, Inc. Quote

The Goldman Sachs Group’s shares gained 26.6% over the last three month compared with the S&P 500’s gain of 2.9%. The company possesses a Momentum Score of A.

The Goldman Sachs Group, Inc. Price

The Goldman Sachs Group, Inc. Price

The Goldman Sachs Group, Inc. price | The Goldman Sachs Group, Inc. Quote

Alps Electric APELY: This Japan-based company, which is mainly engaged in the manufacture and sale of electronic components and audio equipment, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.

Alps Electric Price and Consensus

Alps Electric Price and Consensus

Alps Electric price-consensus-chart | Alps Electric Quote

Alps Electric’s shares gained 11.4% over the last three month compared with the S&P 500’s gain of 2.9%. The company possesses a Momentum Score of A.

Alps Electric Price

Alps Electric Price

Alps Electric price | Alps Electric Quote

 

See the full list of top ranked stocks here

 

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

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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

The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report

HudBay Minerals Inc (HBM) : Free Stock Analysis Report

Alps Electric (APELY) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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