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Top Ranked Momentum Stocks to Buy for July 9th

Zacks Equity Research

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, July 9th:

Koninklijke Philips N.V. (PHG): This health technology company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.6% over the last 60 days.

Koninklijke Philips N.V. Price and Consensus

Koninklijke Philips N.V. Price and Consensus
Koninklijke Philips N.V. Price and Consensus

Koninklijke Philips N.V. price-consensus-chart | Koninklijke Philips N.V. Quote

Koninklijke Philips’s shares gained 8% over the last one month more than S&P 500’s rise of 3%. The company possesses a Momentum Score of B.

Koninklijke Philips N.V. Price

Koninklijke Philips N.V. Price
Koninklijke Philips N.V. Price

Koninklijke Philips N.V. price | Koninklijke Philips N.V. Quote

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Sanmina Corporation (SANM): This integrated manufacturing solutions provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.

Sanmina Corporation Price and Consensus

Sanmina Corporation Price and Consensus
Sanmina Corporation Price and Consensus

Sanmina Corporation price-consensus-chart | Sanmina Corporation Quote

Sanmina’s shares gained 5% over the last one month. The company possesses a Momentum Score of B.

Sanmina Corporation Price

Sanmina Corporation Price
Sanmina Corporation Price

Sanmina Corporation price | Sanmina Corporation Quote

SYNNEX Corporation (SNX): This business process services provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

SYNNEX Corporation Price and Consensus

SYNNEX Corporation Price and Consensus
SYNNEX Corporation Price and Consensus

SYNNEX Corporation price-consensus-chart | SYNNEX Corporation Quote

SYNNEX’s shares gained 6.3% over the last one month. The company possesses a Momentum Score of A.

SYNNEX Corporation Price

SYNNEX Corporation Price
SYNNEX Corporation Price

SYNNEX Corporation price | SYNNEX Corporation Quote

MagnaChip Semiconductor Corporation (MX): This manufacturer of analog and mixed-signal semiconductor platform solutions has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 65.9% over the last 60 days.

MagnaChip Semiconductor Corporation Price and Consensus

MagnaChip Semiconductor Corporation Price and Consensus
MagnaChip Semiconductor Corporation Price and Consensus

MagnaChip Semiconductor Corporation price-consensus-chart | MagnaChip Semiconductor Corporation Quote

MagnaChip Semiconductor'sshares gained 13.2% over the last one month. The company possesses a Momentum Score of A.

MagnaChip Semiconductor Corporation Price

MagnaChip Semiconductor Corporation Price
MagnaChip Semiconductor Corporation Price

MagnaChip Semiconductor Corporation price | MagnaChip Semiconductor Corporation Quote

See the full list of top ranked stocks here

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

More Stock News: This Is Bigger than the iPhone!                  

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

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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
 
SYNNEX Corporation (SNX) : Free Stock Analysis Report
 
Sanmina Corporation (SANM) : Free Stock Analysis Report
 
Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report
 
MagnaChip Semiconductor Corporation (MX) : Free Stock Analysis Report
 
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