Seeking to navigate the unpredictable waters of the stock market, investors are often on the lookout for promising opportunities to enhance their portfolios. On June 26th, three stocks emerged as strong contenders, showcasing not just momentum but a solid foundation for growth:
The Rise of Onto Innovation Inc.
Onto Innovation Inc. (ONTO), a prominent player in the semiconductor industry, has been making waves with its Zacks Rank #1 (Strong Buy) designation. Over the past 60 days, the company witnessed a notable 7.5% surge in the Zacks Consensus Estimate for its current year earnings, underscoring its growth potential. Notably, Onto Innovation’s shares soared by a staggering 21.5% in the last three months, outperforming the S&P 500 and solidifying its position with a Momentum Score of A.
A Glimpse into Superior Group of Companies, Inc.
Superior Group of Companies, Inc. (SGC) has positioned itself as a force to be reckoned with in the apparel and accessories market. Sporting a Zacks Rank #1, the company experienced a significant 17.2% uptick in the Zacks Consensus Estimate for its current year earnings. With its shares climbing 12.4% over the last three months, Superior Group of Companies boasts a Momentum Score of B.
Shining Bright: Geopark Ltd
Geopark Ltd (GPRK), renowned for its forays into oil and gas exploration, stands strong with a Zacks Rank #1. The company witnessed a 2.9% increase in the Zacks Consensus Estimate for its current year earnings in the past 60 days. Geopark’s shares surged by an impressive 19.4% over the last three months, showcasing resilience and earning a Momentum Score of B in the process.
These momentum stocks have not only outpaced the S&P 500 in recent months but have also displayed robust fundamentals that make them enticing options for savvy investors looking to make strategic additions to their portfolios.
Curious about other top-ranked stocks? Explore the full list here.
Learn more about the significance of the Momentum score and how it is calculated here.
Looking ahead, these potential winners may pave the way for exciting opportunities in the market. Seize the moment and ride the wave of momentum with strategic investments that could yield compelling returns.
