Best Momentum Stocks to Buy for Nov. 5

Photo of author

By Ronald Tech

Here is one stock with buy rank and strong momentum characteristics for investors to consider today, Nov. 5:

Flex Ltd. FLEX: This technology solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4% over the last 60 days.

Flex Ltd. Price and Consensus

Flex Ltd. Price and Consensus

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

Flex ’s shares gained 24% over the past three months compared with the S&P 500’s advance of 22.1%. The company possesses a Momentum Score  of A.

Flex Ltd. Price

Flex Ltd. Price

Flex Ltd. price | Flex Ltd. 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

This under-the-radar company specializes in semiconductor products that titans like NVIDIA don’t build. It’s uniquely positioned to take advantage of the next growth stage of this market. And it’s just beginning to enter the spotlight, which is exactly where you want to be.

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 $971 billion by 2028.

See This Stock Now for Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Flex Ltd. (FLEX) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

See also  <!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Defensive Dividend Stocks Offering Stability Amid Pre-Election Volatility</title></head><body><h2>Exploring Zoetis - A Defensive Dividend Stock</h2><p>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.</p><h2>The Resilient Rise of Zoetis</h2><p>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.</p><h3>A Fortified Fortress</h3><p>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.</p><h3>A Flourishing Haven</h3><p>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.</p><h2>Visionary Leadership and Financial Prowess</h2><p>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.</p><h3>The Bright Horizon</h3><p>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.</p><h2>The Astounding Acclaim and Future Projections</h2><p>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.</p><h2>Diving into Kenvue - A Shield Against Turbulence</h2><p>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.</p><h3>The Sturdy Bulwark</h3><p>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.</p><h3>Ensuring Growth and Stability</h3><p>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.</p></body></html><!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Financial News: Unlocking the Performance of Kenvue and American Water Works</title></head><body> Unlocking the Performance of Kenvue and American Water Works

Zacks Investment Research

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.