Top Ranked Momentum Stocks to Buy for May 1st

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, May 1st:           

First Internet Bancorp (INBK): This bank holding company for First Internet Bank of Indiana has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.

First Internet Bancorp Price and Consensus

First Internet Bancorp Price and Consensus

First Internet Bancorp price-consensus-chart | First Internet Bancorp Quote

First Internet's shares gained 10.7% over the last one month more than S&P 500’s gain of 2.7%. The company possesses a Momentum Score of A.

First Internet Bancorp Price

First Internet Bancorp Price

First Internet Bancorp price | First Internet Bancorp Quote

Insmed Incorporated (INSM): This global biopharmaceutical company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Insmed, Inc. Price and Consensus

Insmed, Inc. Price and Consensus

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

Insmed's shares gained 4.6% over the last one month more than S&P 500’s gain of 3.6%. The company possesses a Momentum Score of B.

Insmed, Inc. Price

Insmed, Inc. Price

Insmed, Inc. price | Insmed, Inc. Quote

Newtek Business Services Corp. (NEWT): This business development company has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.

Newtek Business Services Corp. Price and Consensus

Newtek Business Services Corp. Price and Consensus

Newtek Business Services Corp. price-consensus-chart | Newtek Business Services Corp. Quote

Newtek Business Services' shares gained 6% over the last one month more than S&P 500’s gain of 3.6%. The company possesses a Momentum Score of A.

Newtek Business Services Corp. Price

Newtek Business Services Corp. Price

Newtek Business Services Corp. price | Newtek Business Services Corp. Quote

Prologis, Inc. (PLD): This global leader in logistics real estate has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

Prologis, Inc. Price and Consensus

Prologis, Inc. Price and Consensus

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

Prologis' shares gained 6.2% over the last one month more than S&P 500’s gain of 3.6%. The company possesses a Momentum Score of B.

Prologis, Inc. Price

Prologis, Inc. Price

Prologis, Inc. price | Prologis, Inc. Quote

See the full list of top ranked stocks here

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

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.

See 7 breakthrough stocks 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
 
Prologis, Inc. (PLD) : Free Stock Analysis Report
 
Newtek Business Services Corp. (NEWT) : Free Stock Analysis Report
 
Insmed, Inc. (INSM) : Free Stock Analysis Report
 
First Internet Bancorp (INBK) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research