Best Momentum Stock to Buy for April 16th

For investors seeking powerful momentum plays, three standout stocks warrant a closer look on April 16th:

Naspers (NPSNY): A diverse multinational media group, Naspers secured a Zacks Rank #1(Strong Buy) with a 4.2% surge in the Zacks Consensus Estimate for its yearly earnings over the past 60 days.

Naspers Ltd. Performance and Forecast

Naspers shares outperformed, marking an 11.6% gain in the last quarter, surpassing the S&P 500’s rise of 6.9%. The company boasts an A-grade Momentum Score.

Naspers Ltd. Price Trend

The pricing trend for Naspers remains strong, reflecting positive growth potential in the market.

Uber Technologies (UBER): Uber, known for its proprietary technology applications, achieved a Zacks Rank #1 and saw a 4.4% hike in its yearly earnings estimate over the past two months.

Uber Technologies, Inc. Outlook

Uber’s stock surged by 15.3% over the last quarter, outshining the S&P 500. The company’s Momentum Score stands at B.

Uber Technologies, Inc. Market Value

Uber remains a strong player in the market, showcasing consistent performance and growth.

Applied Materials (AMAT): A key global supplier in the semiconductor and solar industries, Applied Materials earned a Zacks Rank #1 with a 3.7% surge in its yearly earnings forecast over the past 60 days.

Applied Materials, Inc. Potential and Prospects

Applied Materials shares spiked by an impressive 34.0% in the last quarter, far outperforming the S&P 500. The company carries a solid Momentum Score of B.

Applied Materials, Inc. Financial Performance

Applied Materials continues to show robust financial performance and investor interest, signaling a promising future.

See the complete list of top-ranked stocks here

Learn more about the Momentum score and its calculation here.

Infrastructure Stock Boom to Sweep America

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