Momentum investors are akin to expert surfers, deftly riding bullish trends where the buyers’ wave holds undeniable sway.
Pairing this bold strategy with the revered Zacks Rank is akin to outfitting seasoned sailors with top-notch sails. Among the treasures awaiting discovery for such investors are three potent stocks: EMCOR EME, Progressive PGR, and Sprouts Farmers Market SFM.
All three jewels have recently gleamed with positive price action, outshining major indices and carrying a favorable Zacks Rank that mirrors the trajectory of their earnings estimates.
Peering into the treasure trove, one finds a chart showcasing the performance of each stock over the past month, the S&P 500 dutifully serving as a benchmark.
Image Source: Zacks Investment Research
EMCOR’s Record-Breaking Voyage
EMCOR, a Zacks Rank #1 (Strong Buy), stands tall as a pioneer in mechanical and electrical construction, industrial will, and energy infrastructure services. As though dancing in an inferno of demand, the company’s sales projections soared post-a recent upgrade, spurred by its historic quarterly performance showcasing peak sales and diluted EPS.
An illuminating chart depicting the company’s quarterly sales growth lays bare its meteoric rise.
Image Source: Zacks Investment Research
Progressive PGR: Scaling New Heights
The beacon of independence in auto coverage, Progressive, basks in the limelight as the motorcycle products’ undisputed leader since 1998. Analysts, following a harmonious chant, have raised their earnings predictions across the expanse, adorning the stock with a Zacks Rank #1 (Strong Buy).
Image Source: Zacks Investment Research
The crescendo of growth surrounds Progressive, with consensus pointing towards a staggering 110% earnings surge in the ongoing fiscal year, and whispers of a 4.5% additional rise in earnings buoyed by nearly 15% increased sales in the forthcoming year.
Sprouts Farmers Market: Cultivating Success
Like a gardener nurturing a bountiful harvest, Sprouts Farmers Market cultivates a unique grocery charm with a fresh produce, foods, and vitamins ensemble focused on wellness. Donning the coveted Zacks Rank #1 (Strong Buy), recent quarterly triumphs have sown optimism, propelling its shares skyward.
The bull’s eye gaze on its current and upcoming fiscal year denotes a bright, bullish streak swirling around the stock, hinting at a continued ascent.
Image Source: Zacks Investment Research
Conclusion
Momentum investing, akin to a thrilling joyride on bullish waves of control held dominantly by buyers, has been a jubilant affair for EMCOR EME, Progressive PGR, and Sprouts Farmers Market SFM – with their stocks eagerly soaring in recent times.
Besides their exhilarating momentum, all three proudly wear a favorable Zacks Rank, mirroring the encouraging upward trends in analyst estimates they are currently enjoying.
Zacks Names #1 Semiconductor Stock
While NVIDIA stands like a towering giant, our new top chip stock twinkles with potential, being merely 1/9,000th of NVIDIA’s stature while still making waves with over +800% growth since the initial recommendation. Positioned to satiate the hunger for Artificial Intelligence, Machine Learning, and Internet of Things, this budding star ushers in an era of robust earnings growth amid an expansive customer landscape. The global semiconductor realm, expected to burgeon from $452 billion in 2021 to a colossal $803 billion by 2028, sets the stage for this sparkling celestial entity to steal the spotlight.