Best Momentum Stocks to Buy for January 20th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 20th:

argenx SE ARGX: This biopharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days.

argenex SE Price and Consensus

argenex SE price-consensus-chart | argenex SE Quote

argenxs’ shares gained 14.3% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.

argenex SE Price

argenex SE price | argenex SE Quote

Allot Ltd. ALLT: This security solutions and network intelligence solutions provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 85.7% over the last 60 days.

Allot Ltd. Price and Consensus

Allot Ltd. price-consensus-chart | Allot Ltd. Quote

Allot’s shares gained 114.5% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of B.

Allot Ltd. Price

Allot Ltd. price | Allot Ltd. Quote

New Gold Inc. NGD: This gold mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 7.7% over the last 60 days.

New Gold Inc. Price and Consensus

New Gold Inc. price-consensus-chart | New Gold Inc. Quote

New Gold’s shares gained 25.5% over the last six months compared with the S&P 500’s advance of 7.6%. The company possesses a Momentum Score of B.

New Gold Inc. Price

New Gold Inc. price | New Gold Inc. Quote

See the full list of top ranked stocks here

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

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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