4 Best Momentum Stocks To Grab For 2017

Zacks Counsel

We believe that investors can earn handsome profits by extrapolating the current bullish trends of the market into the future. Henceforth, seeking refuge on momentum investment strategy is a meaningful investment bet at this moment.

However, picking the right momentum stocks may baffle even seasoned investors, let alone the new ones, who are planning to enter the uncharted world of jam-packed trades.

Here, at Zacks, we use our style score system to single out the stocks which can aid you in beating the market.

The Zacks Momentum Style Score indicates when the timing is best to grab a stock and take advantage of its momentum with the highest probability of success.

Our research shows that stocks with a Momentum Score of ‘A,’ when combined with a Zacks Rank #1 (Strong Buy), offer the best upside potential in the short term. Further, we have refined our search by considering stocks with Value-Growth-Momentum (VGM) Score of ‘A’ or ‘B,’ and price as a % of 52-week high/low greater than 80.

Our Picks

4 hot stocks with a Zacks Rank #1, VGM Score ‘A’ and Momentum Score ‘A’ are listed below:

Angang Steel Company Limited (ANGGY - Free Report) is an U.S.-based specialty finance company. Price as a % of 52-week high/low: 93.7%. Over the last 1 month the company’s shares recorded a return of 4.55%, as against the negative return of 0.40% provided by the Zacks categorized Steel Producers industry. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Chemours Company (CC - Free Report) offers performance chemicals in the Asia Pacific, the Middle East, Africa, Latin America and North America. Price as a % of 52-week high/low: 82.3%. Over the last 3 months the company’s shares recorded a return of 40%-outperforming 8.21% return provided by the Zacks categorized Chemicals-Diversified industry.

Hawaiian Holdings, Inc. (HA - Free Report) offers scheduled air transportation of cargo and passengers. Price as a % of 52-week high/low: 97.7%. Over the last 1 month the company’s shares recorded a return of 12.95%-outperforming 4.78% return provided by the Zacks categorized Transportation-Airline industry.

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