The Unstoppable Momentum: Hot Stocks to Watch on June 28th

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By Ronald Tech

You don’t need a crystal ball to see these firecrackers light up the stock market sky today, June 28th:

Onto Innovation ONTO: Think of them as the maestros orchestrating innovation in the semiconductor sector. This company, specializing in crafting precision tools for semiconductor device fabricators and silicon wafer manufacturers, is flaunting a Zacks Rank #1(Strong Buy). What’s more, the Zacks Consensus Estimate for its current year earnings has surged 7.5% over the past 60 days.

Onto Innovation Inc. Price and Consensus

When it comes to stock performance, Onto Innovation has been spreading its wings – soaring 21.4% in the past three months while the S&P 500 merely crawled up by 4.4%. Oh, and did I mention it carries a Momentum Score of A? Impressive indeed.

Onto Innovation Inc. Price

Howmet Aerospace HWM: Here we have a company sculpting solutions for the transportation and aerospace industries, both on the ground and in the sky. With a Zacks Rank #1, Howmet Aerospace has seen a 9.6% jump in the Zacks Consensus Estimate for its current year earnings over the last 60 days.

Howmet Aerospace Inc. Price and Consensus

A quick glance at the scoreboard shows Howmet Aerospace is no slouch either, surging by 16.4% over the past three months, leaving the S&P 500 trailing behind at 4.3%. With a Momentum Score of A, this one is definitely a contender in the race.

Howmet Aerospace Inc. Price

American Superconductor AMSC: Imagine a wizard in the energy realm, conjuring up technologies that revolutionize the way we harness electricity. This titan with a Zacks Rank #1 under its belt has seen its current year earnings estimate shoot up by a staggering 66.7% in the past 60 days.

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American Superconductor Corporation Price and Consensus

American Superconductor’s stocks have been dancing on air, leaping by 79.6% over the last three months, a feat that makes the S&P 500’s 4.5% gain appear rather pedestrian. And of course, the cherry on top – a Momentum Score of A.

American Superconductor Corporation Price

Want to dive deeper? Check out the full list of top-ranked stocks here. And if you’re keen to understand the magic behind the Momentum score, click here.

7 Best Stocks for the Next 30 Days

Have you heard the latest scoop? The Zacks experts have handpicked 7 all-star stocks, labeling them “Most Likely for Early Price Pops.” These gems, part of the Zacks Rank #1 Strong Buys, have outperformed the market with an average annual gain of +24.2% since 1988. Get the latest recommendations from Zacks Investment Research here.