Top Momentum Stocks for Investors Top Momentum Stocks for Investors

Photo of author

By Ronald Tech

As investors weigh their options for February 13th, three key stocks with encouraging buy ranks and momentum attributes become apparent.

Equitrans Midstream Corporation

Equitrans Midstream Corporation Price and Consensus

Equitrans Midstream Corporation’s stock has surged 14.2% in the last three months, outpacing the S&P 500’s 11.5% advance. The company holds an impressive Momentum Score of A and currently boasts a Zacks Rank #1, with its Zacks Consensus Estimate for current year earnings climbing 11.7% over the past 60 days.

Airbnb, Inc.

Airbnb, Inc. Price and Consensus

Airbnb’s shares have soared by 21.4% in the last three months, surpassing the S&P 500’s advance. The company holds a Momentum Score of B and currently carries a Zacks Rank #1. Moreover, the Zacks Consensus Estimate for its next year earnings has increased by 5.4% over the last 60 days.

T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc. Price and Consensus

T. Rowe Price Group’s stock has seen a robust 13.4% increase in the last three months, outperforming the S&P 500. The company holds a Momentum Score of A and currently boasts a Zacks Rank #1. Its Zacks Consensus Estimate for current year earnings has surged by 8.2% over the last 60 days.

For the full list of top-ranked stocks, investors can refer to Zacks.

Explore more about momentum trading and how it’s computed here.

Zacks Names #1 Semiconductor Stock: It’s only 1/9,000th the size of NVIDIA, which has skyrocketed more than +800% since it was recommended. While NVIDIA may still be robust, the new top chip stock appears to have more potential for growth. With substantial earnings growth and a burgeoning customer base, it’s well-positioned to cater to the escalating demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to surge from $452 billion in 2021 to $803 billion by 2028. Discover This Stock for Free >>

See also  Exploding the Myths: A Deep Dive into the Explosion-Proof Lighting Market The Evolution of Explosion-Proof Lighting

The realm of explosion-proof lighting has always stood at a curious crossroads, where safety meets innovation. These lighting fixtures aren't just about brightening up spaces; they are the unsung heroes guarding against potential disasters in hazardous environments.

Laying the Foundation: Market Overview

Certifications and standards are the building blocks of the explosion-proof lighting industry. From the stringent regulations set by organizations like Underwriters Laboratories (UL) in North America to the Equipment for Potentially Explosive Atmospheres (ATEX) standards in Europe, these benchmarks ensure that the lights shining in dangerous settings are anything but ordinary.

The Power Play: Key Factors Driving the Market

The oil & gas sector emerges as a towering force, propelling the demand for explosion-proof lighting. As industries worldwide tap into the earth's black gold, the need for safe and reliable lighting solutions in these volatile settings becomes paramount. Illuminating the way forward, these lights play a pivotal role in ensuring workforce safety and averting potential disasters.

Oil & Gas Industry Expansion:

The oil & gas industry isn't just about drilling wells; it's about lighting up the path to prosperity. With global demand for oil set to soar, companies are ramping up their capacities, beckoning the need for explosion-proof lighting to shine a light on safety. As behemoths like China National Petroleum Corporation and Saudi Aramco invest billions in exploration, the spotlight now falls on the critical role of explosion-proof lighting in sustaining this growth trajectory.

Workforce Safety Imperative:

Accidents in industrial settings sound the alarm for enhanced safety measures. From electrocution incidents in mines to gas leaks in pharmaceutical plants, the call for robust safety practices grows louder. Explosion-proof lighting emerges as the beacon of hope, ensuring that every corner of hazardous environments is well-illuminated, allowing workers to navigate their tasks with confidence. As fatalities spur action, the role of explosion-proof lighting in averting disasters gains newfound prominence.

Exploring the World of Explosion-Proof Lighting: Market Insights and Trends Exploring the World of Explosion-Proof Lighting: Market Insights and Trends

Would you like the latest recommendations from Zacks Investment Research? Download the 7 Best Stocks for the Next 30 Days for free now. Click here to get this report.

Access in-depth stock analysis reports for the featured companies: T. Rowe Price Group, Inc. (TROW) : Free Stock Analysis Report, Equitrans Midstream Corporation (ETRN) : Free Stock Analysis Report, Airbnb, Inc. (ABNB) : Free Stock Analysis Report

To read the article on Zacks.com, click here.

Zacks Investment Research