Stock Picks with Strong Momentum
On February 9, investors had a trio of stocks with buy rank and robust momentum characteristics to contemplate.
M.D.C. Holdings, Inc. (MDC) emerged as an appealing option. The company, involved in homebuilding and financial services, holds a Zacks Rank #1. Moreover, over the last 60 days, the Zacks Consensus Estimate for its current year earnings increased by 2.6%.
Historical Momentum for M.D.C. Holdings, Inc.
M.D.C. Holdings’ shares surged 48.2% in the past three months, outpacing the S&P 500’s advance of 12.7%. It also boasts an enviable Momentum Score of A.
Price Performance of M.D.C. Holdings, Inc.
Additionally, the momentum behind M.D.C. Holdings, Inc. is evident from its strong price performance in recent times.
Another notable pick is Turtle Beach Corporation (HEAR). This audio technology company holds a Zacks Rank #1, and the Zacks Consensus Estimate for its next year earnings observed a substantial 40% increase in the last 60 days.
Historical Momentum for Turtle Beach Corporation
Shares of Turtle Beach Corporation climbed 16.9% in the last three months, surpassing the S&P 500’s advance of 12.7%. The company also possesses a Momentum Score of B.
Price Performance of Turtle Beach Corporation
Turtle Beach Corporation has also demonstrated strong price performance, reflecting its robust momentum.
Additionally, H&R Block, Inc. (HRB), a tax preparation service provider, is a compelling choice. With a Zacks Rank #1, the company witnessed the Zacks Consensus Estimate for its current year earnings increasing by 0.5% over the last 60 days.
Historical Momentum for H&R Block, Inc.
H&R Block’s shares surged 28.3% over the last six months, surpassing the S&P 500’s advance of 11.4%. The company also boasts a Momentum Score of B.
Price Performance of H&R Block, Inc.
Similar to the other top picks, H&R Block has shown robust price performance, reflecting its positive momentum.
For the complete list of top-ranked stocks, investors can visit the Zacks website to learn more about the Momentum score and how it is calculated.
It’s worth noting, M.D.C. Holdings, Turtle Beach Corporation, and H&R Block are all formidable contenders, boasting strong momentum characteristics that savvy investors may want to consider.
