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Top Ranked Momentum Stocks To Buy For May 24th

Published 05/23/2017, 10:34 PM
Updated 07/09/2023, 06:31 AM

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 24th:

Melco Resorts & Entertainment Limited (MLCO): The casino gaming service provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 43.8% over the last 60 days.

Melco Resorts & Entertainment’s shares gained 34.9% over the last three months higher than S&P 500’s gains of 1.5%. The company possesses a Momentum Score of A.

Deere & Company (NYSE:DE) (DE): The manufacturer of agricultural equipments has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 27.7% over the last 60 days.

Deere & Company Price and Consensus

Deere & Company Price and Consensus | Deere & Company Quote

Deere’s shares gained 13.4% over the last three months. The company possesses a Momentum Score of A.

MagnaChip Semiconductor Corporation (MX): The designer of semiconductor productshas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.5% over the last 60 days.

MagnaChip Semiconductor’s shares gained 20.7% over the last three months. The company possesses a Momentum Score of A.

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Pinnacle Entertainment, Inc. (PNK): The entertainment companyhas a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.

Pinnacle Entertainment’s shares gained 15.6% over the last three months. 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

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple (NASDAQ:AAPL)'s 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>



Pinnacle Entertainment, Inc. (PNK): Free Stock Analysis Report

MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report

Melco Crown Entertainment Limited (MLCO): Free Stock Analysis Report
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Deere & Company (DE): Free Stock Analysis Report

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