AllPennyStocks.com Best Momentum Stocks to Buy for August 31st
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Best Momentum Stocks to Buy for August 31st

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 31:

Onto Innovation Inc. ONTO: This semiconductor equipment company 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 Innovation's shares gained 5.9% over the last three months compared with the S&P 500’s decline of 1.8%. The company possesses a Momentum Score of A.

Quaker Chemical Corporation KWR: This industrial process fluids company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.

Quaker's shares gained 16.8% over the last three months compared with the S&P 500’s decline of 1.8%. The company possesses a Momentum Score of A.

Cracker Barrel Old Country Store, Inc. CBRL: This restaurant and retail company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 108.4% over the last 60 days.

Cracker Barrel Old Country's shares gained 59.5% over the last three months compared with the S&P 500’s decline of 1.8%. The company possesses a Momentum Score of B.

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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Cracker Barrel Old Country Store, Inc. (CBRL): Free Stock Analysis Report
 
Quaker Houghton (KWR): Free Stock Analysis Report
 
Onto Innovation Inc. (ONTO): Free Stock Analysis Report

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

Zacks Investment Research

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