Best Momentum Stock to Buy for August 19th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 19th:

Applied Materials AMAT: This company, which is a leading supplier of equipment used to manufacture semiconductor devices, flat panel displays and solar photovoltaic (PV) products, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days.

Applied Materials, Inc. Price and Consensus

Applied Materials, Inc. price-consensus-chart | Applied Materials, Inc. Quote

Applied Materials' shares gained 26.6% over the last three month compared with the S&P 500’s gain of 4.6%. The company possesses a Momentum Score of A.

Applied Materials, Inc. Price

Applied Materials, Inc. price | Applied Materials, Inc. Quote

Chime Financial, Inc. CHYM: This consumer financial technology company, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days.

Chime Financial, Inc. Price and Consensus

Chime Financial, Inc. price-consensus-chart | Chime Financial, Inc. Quote

Chime Financial's shares gained 88.7% over the last three month compared with the S&P 500’s gain of 4.6%. The company possesses a Momentum Score of A.

Chime Financial, Inc. Price

Chime Financial, Inc. price | Chime Financial, Inc. Quote

Itron ITRI: This technology and services company, which is one of the leading global suppliers of a wide range of standard, advanced, and smart meters and meter communication systems, including networks and communication modules, software, devices, sensors, data analytics and services to the utility and municipal sectors, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days.

Itron, Inc. Price and Consensus

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

Itron's shares gained 23.3% over the last three month compared with the S&P 500’s gain of 4.6%. The company possesses a Momentum Score of A.

Itron, Inc. Price

Itron, Inc. price | Itron, Inc. Quote

See the full list of top ranked stocks here

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

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

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

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