Unleashing the Power: Best Momentum Stocks Buzzing for Investors

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By Ronald Tech

High Flyers Taking the Market by Storm

Investors hungry for momentum are eyeing three rising stars today, June 3rd:

PDD Holdings Inc. is an e-commerce titan running Pinduoduo that seizes a Zacks Rank #1 and impresses with a 43.8% uptick in the Zacks Consensus Estimate for its earnings this year over the past 60 days.

Propelling to New Heights

PDD Holdings Inc.’s shares have soared by 22.7% in the past three months, eclipsing the S&P 500’s modest 3.6% climb. This powerhouse carries a stellar Momentum Score of A.

An Upward Trajectory

MS&AD Insurance Group Holdings, Inc. (MSADY) charges ahead as an insurance magnate adorned with a Zacks Rank #1 and a whopping 73.2% surge in the Zacks Consensus Estimate for its current year earnings in the previous 60 days.

Seizing Opportunities

MS&AD Insurance Group Holdings’ stocks have gained a remarkable 23.5% within the last quarter, surpassing the S&P 500’s incremental 3.6% push. The company flashes a Momentum Score of A, indicative of its energetic market presence.

Exploring New Horizons

Vitesse Energy, Inc. (VTS) emerges as a player in non-operated oil and natural gas exploration with a Zacks Rank #1 and a 7.8% uptick in the Zacks Consensus Estimate for its earnings this year over the last 60 days.

Racing Ahead

Vitesse Energy’s stocks have clocked a remarkable 12.2% surge in the last quarter against the S&P 500’s modest 3.6% rise, underscoring the company’s impressive Momentum Score of A.

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Explore the nuances of the Momentum score and its calculation here.

From a plethora of options, Zacks has unearthed the “Single Best Pick to Double.” This enigmatic chemical company has seen a 65% surge in the past year and remains attractively priced. With an insatiable demand, burgeoning 2022 earnings estimates, and a hefty $1.5 billion earmarked for share repurchases, this underdog beckons retail investors, promising explosive growth. This contender may outstrip recent Zacks’ Stocks Set to Double like Boston Beer Company, which rallied +143.0% in just over 9 months, and NVIDIA, which skyrocketed +175.9% in one year.

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