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Top Ranked Momentum Stocks to Buy for August 24th

MTW, ON, AAWW, and MTLS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 24, 2021

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This story originally appeared on Zacks

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

- Zacks

The Manitowoc Company, Inc. MTW: This provider of engineered lifting solutions has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 63% over the last 60 days.

 

Manitowoc’s shares gained 6.2% over the last one month compared with the S&P 500’s growth of 1.3%. The company possesses a Momentum Score of A.

 

ON Semiconductor Corporation ON: This manufacturer and seller of semiconductor components has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 29.5% over the last 60 days.

 

ON Semiconductor’s shares gained 15.6% over the last one month. The company possesses a Momentum Score of A.

 

Atlas Air Worldwide Holdings, Inc. AAWW: This provider of outsourced aircraft and aviation operating services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.6% over the last 60 days.

 

Atlas Air’s shares gained 12.7% over the last one month. The company possesses a Momentum Score of A.

 

Materialise NV MTLS: This provider of additive manufacturing and medical software, and 3D printing services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

 

Materialise NV Price and Consensus

Materialise NV Price and Consensus

Materialise NV price-consensus-chart | Materialise NV Quote

 

Materialise’s shares gained 7.1% over the last one month. 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.



Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>



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

 

The Manitowoc Company, Inc. (MTW): Free Stock Analysis Report

 

Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report

 

Materialise NV (MTLS): Free Stock Analysis Report

 

ON Semiconductor Corporation (ON): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research