Best Momentum Stocks to Buy for May 2nd

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 2nd:

Avnet


AVT

: This world’s largest distributor of electronic components and computer products company, has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Avnet’s shares gained 6.7% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a

Momentum Score

of A.

Iamgold


IAG

: This international gold exploration and mining company based in Canada, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 180% over the last 60 days.

Iamgold’s shares gained 10.6% over the last three months compared with the S&P 500’s decline of 7.6%. The company possesses a Momentum  Score of A

C.H. Robinson Worldwide


CHRW

: This company which provides freight transportation services and logistic solutions to companies across a wide range of industries, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

C.H. Robinson Worldwide’s shares gained 19.2% over the last three months compared with the S&P 500’s decline of 7.6%. 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.

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Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.

These 7 were selected because of their superior potential for immediate breakout.

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