Best Momentum Stocks to Buy for August 12th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 12th:

Vital Farms, Inc. VITL: This food company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.

Vital Farms, Inc. Price and Consensus

Vital Farms, Inc. price-consensus-chart | Vital Farms, Inc. Quote

Vital Farms’ shares gained 102.6% over the past six months compared with the S&P 500’s advance of 7.9%. The company possesses a Momentum Score of A.

Vital Farms, Inc. Price

Vital Farms, Inc. price | Vital Farms, Inc. Quote

AppLovin Corporation APP: This company that engages in building a software-based platform for mobile app developers has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.7% over the last 60 days.

AppLovin Corporation Price and Consensus

AppLovin Corporation price-consensus-chart | AppLovin Corporation Quote

AppLovin’s shares gained 68.8% over the past six months compared with the S&P 500’s advance of 7.9%. The company possesses a Momentum Score of A.

AppLovin Corporation Price

AppLovin Corporation price | AppLovin Corporation Quote

Heritage Insurance Holdings, Inc. HRTG: This insurance and financial services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.8% over the last 60 days.

Heritage Insurance Holdings, Inc. Price and Consensus

Heritage Insurance Holdings, Inc. price-consensus-chart | Heritage Insurance Holdings, Inc. Quote

Heritage’s shares gained 15.4% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.

Heritage Insurance Holdings, Inc. Price

Heritage Insurance Holdings, Inc. price | Heritage Insurance Holdings, Inc. Quote

See the full list of top ranked stocks here

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

Zacks Names #1 Semiconductor Stock

It’s only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it’s positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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