Best Momentum Stocks to Buy for January 30th

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, January 30:

Forestar Group Inc. FOR: This residential lot development company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 3.8% over the last 60 days.

Forestar Group Inc Price and Consensus

Forestar Group Inc price-consensus-chart | Forestar Group Inc Quote

Forestar’s shares gained 5% over the past month compared with the S&P 500’s advance of 1.7%. The company possesses a Momentum Score  of B.

Forestar Group Inc Price

Forestar Group Inc price | Forestar Group Inc Quote

Western New England Bancorp, Inc. WNEB: This holding company for Westfield Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 4.9% over the last 60 days.

Western New England Bancorp Price and Consensus

Western New England Bancorp price-consensus-chart | Western New England Bancorp Quote

Western New England’s shares gained 16.1% over the last three months compared with the S&P 500’s advance of 1.7%. The company possesses a Momentum Score of A.

Western New England Bancorp Price

Western New England Bancorp price | Western New England Bancorp Quote

See the full list of top ranked stocks here

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

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include

Stock #1: A Disruptive Force with Notable Growth and Resilience

Stock #2: Bullish Signs Signaling to Buy the Dip

Stock #3: One of the Most Compelling Investments in the Market

Stock #4: Leader In a Red-Hot Industry Poised for Growth

Stock #5: Modern Omni-Channel Platform Coiled to Spring

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.

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

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