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Top Ranked Momentum Stocks to Buy for June 29th

Zacks Equity Research
·2 min read

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, June 29th:

Zscaler, Inc. (ZS): This cloud security company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 40% over the last 60 days.

Zscaler's shares gained 39.8% over the last one month compared to S&P 500’s fall of -0.9%. The company possesses a Momentum Score of A.

Franklin Resources, Inc. (BEN): This asset management holding 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.

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Franklin Resources’ shares gained 7.2% over the last one month. The company possesses a Momentum Score of B.

Surmodics, Inc. (SRDX): This provider of medical devices and in vitro diagnostic technologies 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.

Surmodics’ shares gained 5.1% over the last one month. The company possesses a Momentum Score of A.

Sportsman's Warehouse Holdings, Inc. (SPWH): This outdoor sporting goods retailer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 25.4% over the last 60 days.

Sportsman's Warehouse's shares gained 28.6% 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.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

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Zscaler, Inc. (ZS) : Free Stock Analysis Report
 
Surmodics, Inc. (SRDX) : Free Stock Analysis Report
 
Sportsmans Warehouse Holdings, Inc. (SPWH) : Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
 
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Zacks Investment Research