Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 21:
Lumentum Holdings Inc. LITE: This optical and photonic products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.
Lumentum Holdings Inc. Price and Consensus
Lumentum Holdings Inc. price-consensus-chart | Lumentum Holdings Inc. Quote
Lumentum’s shares gained 30.4% over the last six months compared with the S&P 500’s advance of 11.8%. The company possesses a Momentum Score of A.
Lumentum Holdings Inc. Price
Lumentum Holdings Inc. price | Lumentum Holdings Inc. Quote
Onto Innovation Inc. ONTO: This manufacturer of process control tools for optical metrology has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.
Onto Innovation Inc. Price and Consensus
Onto Innovation Inc. price-consensus-chart | Onto Innovation Inc. Quote
Onto’s shares gained 13.9% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.
Onto Innovation Inc. Price
Onto Innovation Inc. price | Onto Innovation Inc. Quote
Assembly Biosciences, Inc. ASMB: This clinical-stage biotechnology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.
Assembly Biosciences, Inc. Price and Consensus
Assembly Biosciences, Inc. price-consensus-chart | Assembly Biosciences, Inc. Quote
Assembly’s shares gained 18.3% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.
Assembly Biosciences, Inc. Price
Assembly Biosciences, Inc. price | Assembly Biosciences, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Learn more about the Momentum score and how it is calculated here.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
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Lumentum Holdings Inc. (LITE): Free Stock Analysis Report
Assembly Biosciences, Inc. (ASMB): Free Stock Analysis Report
Onto Innovation Inc. (ONTO): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).