Best Momentum Stocks to Buy for May 20th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
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Source: NASDAQ.COM
- Stocks with Strong Momentum: Three stocks, Buzzi S.p.A. (BZZUF), Karooooo Ltd. (KARO), and Navios Maritime Partners L.P. (NMM), have a Zacks Rank #1 and positive momentum characteristics for investors to consider.
- Performance Comparison: These stocks have outperformed the S&P 500 index over the last three months, with gains ranging from 9.5% to 44.1%.
- Earnings Estimates: The Zacks Consensus Estimate for the current year earnings of these companies has shown positive growth over the last 60 days.
- Momentum Scores: Buzzi S.p.A. and Karooooo Ltd. have a Momentum Score of A, while Navios Maritime Partners L.P. has a Momentum Score of B.
- Investment Recommendation: Zacks Investment Research highlights these stocks as top-ranked with strong momentum potential for investors seeking opportunities.
Analyst Views on NMM
About NMM
Navios Maritime Partners LP is a Greece-based international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services with a range of dry cargo commodities, including iron ore, coal, grain, fertilizer, and containers. It owns and operates its worldwide fleet with a diversified customer base which focuses on providing seaborne shipping services under long-term time charters. Panamax vessels carry a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels works with less carrying capacity and have self-loading and discharging gear on board to accommodate undeveloped ports. It also acts as a trusted partner for industrial end users, ship owners, financial business partners, agents and brokers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
