Best Momentum Stock to Buy for July 24th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 24th:

Charles Schwab SCHW: This savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody and financial advisory services, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.

The Charles Schwab Corporation Price and Consensus

The Charles Schwab Corporation price-consensus-chart | The Charles Schwab Corporation Quote

Charles Schwab’s shares gained 19.4% over the last three month compared with the S&P 500’s gain of 15.2%. The company possesses a Momentum Score of A.

The Charles Schwab Corporation Price

The Charles Schwab Corporation price | The Charles Schwab Corporation Quote

Texas Capital Bancshares TCBI: This financial holding company which focuses on leveraging local business and community ties to the five major metropolitan areas of Texas — Dallas, Houston, Fort Worth, Austin and San Antonio, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.2% over the last 60 days.

Texas Capital Bancshares, Inc. Price and Consensus

Texas Capital Bancshares, Inc. price-consensus-chart | Texas Capital Bancshares, Inc. Quote

Texas Capital Bancshares' shares gained 30% over the last three month compared with the S&P 500’s gain of 15.2%. The company possesses a Momentum Score of A.

Texas Capital Bancshares, Inc. Price

Texas Capital Bancshares, Inc. price | Texas Capital Bancshares, Inc. Quote

Southern First Bancshares SFST: This national banking association chartered under the laws of the United States, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.

Southern First Bancshares, Inc. Price and Consensus

Southern First Bancshares, Inc. price-consensus-chart | Southern First Bancshares, Inc. Quote

Southern First Bancshares' shares gained 33.3% over the last three month compared with the S&P 500’s gain of 15.2%. The company possesses a Momentum Score of A.

Southern First Bancshares, Inc. Price

Southern First Bancshares, Inc. price | Southern First Bancshares, Inc. Quote

See the full list of top ranked stocks here

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

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. 

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

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