Best Momentum Stock to Buy for December 29th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 29th:

Macy's M: This company, which is an omnichannel retail organization operating stores, websites and mobile applications, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.

Macy's, Inc. Price and Consensus

Macy's, Inc. price-consensus-chart | Macy's, Inc. Quote

Macy's shares gained 26.3% over the last three month compared with the S&P 500’s gain of 3.6%. The company possesses a Momentum Score of A.

Macy's, Inc. Price

Macy's, Inc. price | Macy's, Inc. Quote

Bunge Global BG: This integrated global agribusiness and food company, spanning the farm-to-consumer food chain, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Bunge Global SA Price and Consensus

Bunge Global SA price-consensus-chart | Bunge Global SA Quote

Bunge Global’s shares gained 10.5% over the last three month compared with the S&P 500’s gain of 3.6%. The company possesses a Momentum Score of A.

Bunge Global SA Price

Bunge Global SA price | Bunge Global SA Quote

Transportadora de Gas del Sur S.A. TGS: This company which transports natural gas in Argentina, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.3% over the last 60 days.

Transportadora De Gas Sa Ord B Price and Consensus

Transportadora De Gas Sa Ord B price-consensus-chart | Transportadora De Gas Sa Ord B Quote

Transportadora de Gas del Sur S.A.’s shares gained 47.8% over the last three month compared with the S&P 500’s gain of 3.6%. The company possesses a Momentum Score of B.

Transportadora De Gas Sa Ord B Price

Transportadora De Gas Sa Ord B price | Transportadora De Gas Sa Ord B 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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This article originally published on Zacks Investment Research (zacks.com).

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