Best Momentum Stock to Buy for May 8th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 8th:

Advanced Energy Industries AEIS: This power technology company, which is one of the leading suppliers of power subsystems and process-control technologies to the semiconductor industry, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.

Advanced Energy Industries, Inc. Price and Consensus

Advanced Energy Industries, Inc. Price and Consensus

Advanced Energy Industries, Inc. price-consensus-chart | Advanced Energy Industries, Inc. Quote

Advanced Energy Industries' shares gained 26.1% over the last three month compared with the S&P 500’s gain of 5.4%. The company possesses a Momentum Score of A.

Advanced Energy Industries, Inc. Price

Advanced Energy Industries, Inc. Price

Advanced Energy Industries, Inc. price | Advanced Energy Industries, Inc. Quote

Scorpio Tankers STNG: This company, which is a provider of marine transportation of petroleum products worldwide, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 89.4% over the last 60 days.

Scorpio Tankers Inc. Price and Consensus

Scorpio Tankers Inc. Price and Consensus

Scorpio Tankers Inc. price-consensus-chart | Scorpio Tankers Inc. Quote

Scorpio Tankers’ shares gained 25.8% over the last three month compared with the S&P 500’s gain of 5.4%. The company possesses a Momentum Score of A.

Scorpio Tankers Inc. Price

Scorpio Tankers Inc. Price

Scorpio Tankers Inc. price | Scorpio Tankers Inc. Quote

Pitney Bowes PBI: This global technology company, which is powering billions of transactions - physical and digital - in the connected and borderless world of commerce, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.

Pitney Bowes Inc. Price and Consensus

Pitney Bowes Inc. Price and Consensus

Pitney Bowes Inc. price-consensus-chart | Pitney Bowes Inc. Quote

Pitney Bowes’s shares gained 47.5% over the last three month compared with the S&P 500’s gain of 5.4%. The company possesses a Momentum Score of A.

Pitney Bowes Inc. Price

Pitney Bowes Inc. Price

Pitney Bowes Inc. price | Pitney Bowes Inc. Quote

 

See the full list of top ranked stocks here

 

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

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

Free: See Our Top Stock And 4 Runners Up

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Pitney Bowes Inc. (PBI) : Free Stock Analysis Report

Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report

Scorpio Tankers Inc. (STNG) : 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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