Best Momentum Stocks to Buy for July 16th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 16th:

Fairfax Financial Holdings Limited FRFHF: This property and casualty insurance and investment management services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.4% over the last 60 days.

Fairfax Financial’s shares gained 19.9% over the last three months compared with the S&P 500’s advance of 18.6%. The company possesses a Momentum Score of B.

Banco de Chile BCH: This banking and financial products and services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 60 days.

Banco de Chile’s shares gained 20.4% over the last six months compared with the S&P 500’s advance of 4.6%. The company possesses a Momentum Score of A.

LY Corporation YAHOY: This online advertising and e-commerce company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

LY Corporation’s shares gained 26.1% over the last six months compared with the S&P 500’s advance of 4.6%. The company possesses a Momentum Score of A.

See the full list of top ranked stocks here

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

Only $1 to See All Zacks' Buys and Sells

We're not kidding.

Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity.

Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research