3 Momentum Stocks To Buy As The Market Makes New Highs

MTLHY’s POWR Ratings reflect this promising outlook. The company has an overall A rating, which translates to Strong Buy in our proprietary ratings system. The stock has an A grade for Momentum, and a B grade for Growth, Value, Stability, and Quality. Within the A-rated Chemicals industry, MTLHY is ranked #2 of 99 stocks. To see more of MTLHY’s component grade, click here.

Vertiv Holdings Co (VRT)

VRT designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. It offers power management products, uninterruptible power systems, thermal management products, and integrated rack systems.

On April 22, 2021, VRT announced a new factory in Rugvica, Croatia, to support its integrated modular solutions business in EMEA. Giordano Albertazzi, VRT’s president in EMEA, said, “We are seeing strong growth in the adoption of prefabricated modular solutions to support new technologies, and as market leaders we are investing both in capacity and innovation to continue to meet our customers’ needs and stay ahead of the curve.”

VRT’s net sales surged 25.3% year-over-year to $1.26 billion in its fiscal second quarter, ended June 30, 2021. Its adjusted operating profit grew 30.1% year-over-year to $134 million. Its total assets came in at $5.33 billion, which represents a 5.1% year-over-year increase, and the company’s EPS came in at $0.31, up 93.7% year-over-year.

For its fiscal year 2021, analysts expect VRT’s EPS and revenue to increase 43.6% and 12.5%, respectively, year-over-year to $1.12 and $4.92 billion. In addition, it surpassed the Street’s EPS estimates in three of the trailing four quarters. The stock has gained 39.8% over the past six months and 21% over the past three months, and it has been recently trading at around $28.04 after hitting its 52-week high of $28.45.

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