Best Momentum Stocks to Buy for January 2nd Top Stocks with Strong Momentum for Investors

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By Ronald Tech

As we venture into the New Year, investors are eager to assess opportunities that offer robust momentum. Let’s explore three potential choices, each offering compelling statistics and performance:

BrainsWay Ltd.

Manufacturing non-invasive neurostimulation treatments for mental health disorders, BrainsWay Ltd. (BWAY) possesses a Zacks Rank #1 and has seen the Zacks Consensus Estimate for its current year earnings soaring 38.9% over the last 60 days. The company’s stock surged impressively by 66.5% over the last three months, overshadowing the S&P 500’s 12.2% rise. BrainsWay boasts a remarkable A-grade Momentum Score, making it a prospective pick for investors seeking stable growth.

Ryanair Holdings plc

Ryanair Holdings plc (RYAAY), a passenger airline company, holds a Zacks Rank #1 and observed the Zacks Consensus Estimate for its current year earnings climb 5.3% over the last 60 days. Notably, the company’s shares soared by 38.9% during the last three months, outperforming the S&P 500’s advancement of 12.2%. With a Momentum Score of A, Ryanair stands out as a steadfast choice for investors aiming for consistent returns in the airline sector.

Equinox Gold Corp.

Engaged in the exploration and development of mineral properties, Equinox Gold Corp. (EQX) secured a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings skyrocket by 72.7% over the last 60 days. The company’s shares demonstrated a commendable rise of 15.6% over the last three months, surpassing the S&P 500’s progress of 12.2%. Bolstered by a Momentum Score of A, Equinox Gold Corp. shapes as a resilient contender within the mineral exploration industry.

As an intrepid investor, the full list of top-ranked stocks provides further intriguing options for the year ahead. Investors exploring the fascinating world of momentum trading can delve deeper into the intricacies of the Momentum score and how it is calculated, unlocking new insights into this dynamic segment of investment.

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Moreover, savvy investors can access the Zacks Top 10 Stocks handpicked by Zacks Director of Research, Sheraz Mian. This exclusive portfolio has been consistently successful, with the Zacks Top 10 Stocks accruing a staggering +974.1% from inception in 2012 through November 2023, nearly tripling the S&P 500’s +340.1%. By gaining early access to these just-released stocks, investors can fortify their portfolios with shares exhibiting tremendous potential.

The Zacks Investment Research also offers complimentary stock analysis reports for Ryanair Holdings PLC (RYAAY), BrainsWay Ltd. Sponsored ADR (BWAY), and Equinox Gold Corp. (EQX). These reports provide invaluable insights for investors desiring comprehensive and informed decision-making.

For astute investors seeking discerning recommendations from Zacks Investment Research, perusing the article on their platform presents an equally rewarding opportunity to gain further knowledge and make well-informed choices.