Best Momentum Stocks to Buy for July 16th

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Best Momentum Stocks to Buy for July 16th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 16:

Nabors Industries Ltd. NBR: This oilfield services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.4% over the last 60 days.

Nabors Industries Ltd. Price and Consensus

Nabors Industries Ltd. Price and Consensus

Nabors Industries Ltd. price-consensus-chart | Nabors Industries Ltd. Quote

Nabors Industries'shares gained 32.8% over the last six months compared with the S&P 500’s decline of 9.0%. The company possesses a Momentum Score of B.

Nabors Industries Ltd. Price

Nabors Industries Ltd. Price

Nabors Industries Ltd. price | Nabors Industries Ltd. Quote

Carpenter Technology Corporation CRS: This specialty materials company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.

Carpenter Technology Corporation Price and Consensus

Carpenter Technology Corporation Price and Consensus

Carpenter Technology Corporation price-consensus-chart | Carpenter Technology Corporation Quote

Carpenter Technology’s shares gained 29.5  % over the last three months compared with the S&P 500’s decline of 5.7%. The company possesses a Momentum Score of A.

Carpenter Technology Corporation Price

Carpenter Technology Corporation Price

Carpenter Technology Corporation price | Carpenter Technology Corporation Quote

T. Rowe Price Group, Inc. TROW: This investment management firm has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.

T. Rowe Price Group, Inc. Price and Consensus

T. Rowe Price Group, Inc. Price and Consensus

T. Rowe Price Group, Inc. price-consensus-chart | T. Rowe Price Group, Inc. Quote

T. Rowe Price Group’s shares gained 23.7% over the last three months compared with the S&P 500’s decline of 5.7%. The company possesses a Momentum Score of A.

T. Rowe Price Group, Inc. Price

T. Rowe Price Group, Inc. Price

T. Rowe Price Group, Inc. price | T. Rowe Price Group, Inc. Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

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Nabors Industries Ltd. (NBR): Free Stock Analysis Report
 
T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
 
Carpenter Technology Corporation (CRS): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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