Best Momentum Stocks to Buy for January 3rd

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, January 3rd:

Surmodics, Inc. SRDX: This company that provides performance coating technologies for the medical sector has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.8% over the last 60 days.

Surmodics, Inc. Price and Consensus

Surmodics, Inc. price-consensus-chart | Surmodics, Inc. Quote

Surmodics’ shares gained 3.3% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score  of A.

Surmodics, Inc. Price

Surmodics, Inc. price | Surmodics, Inc. Quote

Clearwater Analytics Holdings, Inc. CWAN: This company that provides a Software-as-a-Service (SaaS) platform has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 3.9% over the last 60 days.

Clearwater Analytics Holdings, Inc. Price and Consensus

Clearwater Analytics Holdings, Inc. price-consensus-chart | Clearwater Analytics Holdings, Inc. Quote

Clearwater Analytics’ shares gained 7.2% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of B.

Clearwater Analytics Holdings, Inc. Price

Clearwater Analytics Holdings, Inc. price | Clearwater Analytics Holdings, Inc. Quote

See the full list of top ranked stocks here

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

Research Chief Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.

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