AllPennyStocks.com Best Momentum Stocks to Buy for August 21st
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Best Momentum Stocks to Buy for August 21st

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 21:

Lumentum Holdings Inc. LITE: This optical and photonic products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Lumentum’s shares gained 30.4% over the last six months compared with the S&P 500’s advance of 11.8%. The company possesses a Momentum Score  of A.

Onto Innovation Inc. ONTO: This manufacturer of process control tools for optical metrology has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Onto’s shares gained 13.9% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.

Assembly Biosciences, Inc. ASMB: This clinical-stage biotechnology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.

Assembly’s shares gained 18.3% over the last three months compared with the S&P 500’s advance of 2.3%. The company possesses a Momentum Score of A.

 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

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

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

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Lumentum Holdings Inc. (LITE): Free Stock Analysis Report
 
Assembly Biosciences, Inc. (ASMB): Free Stock Analysis Report
 
Onto Innovation Inc. (ONTO): Free Stock Analysis Report

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

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