Best Momentum Stocks to Buy for March 12th

Venture into the labyrinth of investment opportunities as we uncover the top momentum stocks making waves in the market on this auspicious day of March 12th:

Li Auto Inc. LI: Standing out as a beacon of potential, this China-based new energy vehicles company boasts a Zacks Rank #1. In a testament to its strength, the Zacks Consensus Estimate for its current year earnings has surged impressively by 6.7% within the last 60 days.

Li Auto Inc. Bolsters Momentum Scores

Li Auto has been a shining star, with its shares witnessing a commendable 22.1% growth over the past month, eclipsing the S&P 500’s modest 3% advance. Garnering a coveted Momentum Score of A, the company is navigating the market with finesse.

Sumitomo Mitsui Financial Group Inc: Resilience Personified

Enter Sumitomo Mitsui Financial Group Inc, a titan providing a myriad of financial services. With a Zacks Rank #1, the company’s Zacks Consensus Estimate for current year earnings surged by an impressive 9.3% in the last 60 days.

Sumitomo Mitsui Financial Group Inc: Sailing Smoothly

Sumitomo Mitsui’s shares have seen a robust growth of 17.2% over the last three months, overshadowing the S&P 500’s 8.4% rise. Boasting a Momentum Score of A, the company stands strong in the volatile market.

Korn Ferry: The Beacon of Consulting Services

Lastly, Korn Ferry, a stalwart in the consulting services sector, proudly flaunts a Zacks Rank #1. The Zacks Consensus Estimate for its current year earnings saw a notable upswing of 6.1% in the past 60 days.

Korn Ferry: Setting the Bar High

Korn Ferry’s stock has shown resilience, surging by 14.8% over the last three months, outperforming the S&P 500’s growth trajectory of 8.4%. With a Momentum Score of A, Korn Ferry remains a force to be reckoned with in the market.

As the U.S. presidential election fast approaches, investor anxieties are reaching a fever pitch like an orchestra building up to a crescendo. In such times of market tumult, seeking refuge in defensive dividend stocks can be akin to finding a sturdy lifeboat in a stormy sea.

The Resilient Rise of Zoetis

Among the entities that stand out in this defensive arena is Zoetis Inc., a stalwart player in the realm of animal health. With a legacy spanning over seven decades, Zoetis has become a beacon of stability in a sea of market fickleness, akin to a lighthouse guiding ships through rough waters.

A Fortified Fortress

Despite a YTD dip of 4%, Zoetis has clung tenaciously to its pillars of stability amidst the tumultuous market winds. The company's market cap looms large at around $85.1 billion, offering an anchor of steadfastness when the market tides turn rough.

A Flourishing Haven

Zoetis' five-year streak of consecutive dividend increases speaks volumes about its resilience. The company sails ahead, paying out a quarterly dividend of $0.432 per share with an annualized dividend of $1.73 per share.

Visionary Leadership and Financial Prowess

In August, Zoetis made waves as it surpassed all expectations with its second-quarter earnings. Like an eagle soaring high above the clouds, the company posted a revenue of $2.4 billion, signaling an 8% rise from the previous year—a testament to its unyielding spirit in the face of adversity.

The Bright Horizon

Guided by CEO Kristin Peck's steady hand, Zoetis raised its fiscal 2024 guidance with the confidence of a sure-footed mountaineer conquering new heights. The company anticipates revenue growth between $9.10 billion and $9.25 billion, paving the way for a brighter future.

The Astounding Acclaim and Future Projections

With a resounding consensus of "Strong Buy" ratings from analysts, Zoetis stands as a paragon of excellence in the eyes of the market. The price targets put forth a promising future, with a potential upside of 15.7% from current levels.

Diving into Kenvue - A Shield Against Turbulence

Turning our gaze to another bastion of stability, Kenvue Inc. emerges as a formidable contender in the landscape of consumer health, a shield repelling the arrows of uncertain market forces.

The Sturdy Bulwark

With a rich heritage dating back over a century, Kenvue boasts a diversified portfolio of trusted brands, standing strong with a market cap of $43.1 billion. The stock has surged 23% in the past three months, outshining broader market indices like a gleaming beacon in the night sky.

Ensuring Growth and Stability

Kenvue's recent dividend increase underscores its unwavering commitment to shareholders, offering $0.205 per share and a hearty 3.64% yield. This move aligns with the company's endeavor to drive sustainable growth and provide a steady hand amid market turmoil.

Financial News: Unlocking the Performance of Kenvue and American Water Works Unlocking the Performance of Kenvue and American Water Works

Peek into the realm of top-ranked stocks here and acquaint yourself with the dynamics of the market using the Momentum score.

Curious about Zacks’ “Single Best Pick to Double”?

Behold the promise of exponential growth! Amidst a whirlwind of stocks, Zacks experts have flagged a remarkable contender poised to surge by +100% or more in the foreseeable future. Director of Research Sheraz Mian has handpicked this gem, lauded for a groundbreaking medical discovery. With a flourishing pipeline of transformative projects, it stands at the cusp of revamping the landscape for patients grappling with liver, lung, and blood-related ailments. Seize this opportunity amidst a sea of bear market lows, a prospect akin to the meteoric rise of past stalwarts like Boston Beer Company (+143.0% in just over 9 months) and NVIDIA (+175.9% in a year).

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