Considered by many as the secret sauce to investing, momentum stocks are the red corvettes of the stock market – fast, powerful, and full of adrenaline. So, what are the hottest picks for May 22nd that could potentially rev up your portfolio to the next level?
Superior Group of Companies, Inc.: A Star in the Apparel Galaxy
Superior Group of Companies, Inc., a titan in the world of apparel and accessories, is shining brightly with a Zacks Rank of #1. Over the last 60 days, the Zacks Consensus Estimate for its current year earnings soared by an impressive 17.2%. The company’s shares have outpaced the S&P 500 with a remarkable 38.9% increase in the last three months. Superior Group of Companies, Inc. boasts a coveted Momentum Score of A, adding an extra sparkle to its appeal.
LEG Immobilien AG: The German Property Maestro
LEG Immobilien AG, a distinguished integrated property entity from Germany, is making waves with a Zacks Rank of #1. Witnessing an 8.8% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days, the company is a force to be reckoned with. Commanding a 13% growth in its shares over the past three months, LEG Immobilien AG is setting the stage on fire compared to the S&P 500’s crawl. Coupled with a Momentum Score of A, this German giant is a formidable contender in the market.
MINISO Group Holding Limited: Lifestyle Products Extraordinaire
MINISO Group Holding Limited, a prominent retailer and wholesaler of lifestyle products, is making its mark with a Zacks Rank of #1. With the Zacks Consensus Estimate for its current year earnings soaring by 12.5% in the last 60 days, MINISO is proving to be a powerhouse. Boasting a 21.1% growth in its shares over the last three months, MINISO is sprinting far ahead of the S&P 500. Coupled with a Momentum Score of A, this company is certainly one to watch in the ever-evolving landscape of the stock market.
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Curious about how the Momentum Score is calculated? Dive deep into the mechanics here.
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