The Rise of Momentum Stocks: September 13th Picks

Photo of author

By Ronald Tech

Three stocks are poised to break free from the pack and surge ahead for investors on September 13th. Let’s dive into the details:

M/I Homes, Inc. – Building Momentum

M/I Homes, Inc. (MHO) has come roaring out the gate with a Zacks Rank #1, witnessing an impressive 8.7% surge in the Zacks Consensus Estimate for its current year earnings over the past 60 days.

The Building Blocks of Success

The company’s shares have leaped 29.1% in the last three months, overshadowing the S&P 500’s modest 3.3% growth. Additionally, the company flaunts a Momentum Score of A, cementing its position as a strong contender in the market.

First Mid Bancshares, Inc. – Banking on Success

First Mid Bancshares, Inc. (FMBH) is another standout with a Zacks Rank #1, experiencing a substantial 7.4% uptick in the Zacks Consensus Estimate for its current year earnings in the previous 60 days.

A Banking Win

The company’s shares surged by a notable 26.7% in the last three months, leaving the S&P 500 in its wake. With a Momentum Score of A, First Mid Bancshares is clearly on the path to success.

Consensus Cloud Solutions, Inc. – Forecasting the Future

Consensus Cloud Solutions, Inc. (CCSI) is making waves with a Zacks Rank #1 and a 5% increase in the Zacks Consensus Estimate for its current year earnings within the last 60 days.

Forecasting Success

The company’s shares have soared by an impressive 24.2% in the last three months, surpassing the S&P 500’s growth. With a Momentum Score of A, Consensus Cloud Solutions is a force to be reckoned with.

See also  Westamerica Bancorp's Strong Performance in Q2 2024 Westamerica Bancorp's Strong Performance in Q2 2024

Zacks Names #1 Semiconductor Stock

Amidst the flurry of momentum stocks, Zacks has unveiled the #1 semiconductor stock. Despite being a fraction of the size of NVIDIA, this stock is primed for substantial growth, catering to the escalating demand for Artificial Intelligence, Machine Learning, and Internet of Things.

The global semiconductor manufacturing sector is poised for a dramatic expansion from $452 billion in 2021 to a projected $803 billion by 2028, indicating vast opportunities for investors in this space.

See This Stock Now for Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report

M/I Homes, Inc. (MHO) : Free Stock Analysis Report

First Mid Bancshares, Inc. (FMBH) : Free Stock Analysis Report

Consensus Cloud Solutions, Inc. (CCSI) : Free Stock Analysis Report

To access the original article on Zacks.com, click here.

Zacks Investment Research