Best Momentum Stocks to Buy for July 14th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 14th:

Eledon Pharmaceuticals, Inc. ELDN: This clinical stage biotechnology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.8% over the last 60 days.

Eledon Pharmaceuticals, Inc. Price and Consensus

Eledon Pharmaceuticals, Inc. price-consensus-chart | Eledon Pharmaceuticals, Inc. Quote

Eledon’s shares gained 22.2% over the past month compared with the S&P 500’s advance of 3.8%. The company possesses a Momentum Score of A.

Eledon Pharmaceuticals, Inc. Price

Eledon Pharmaceuticals, Inc. price | Eledon Pharmaceuticals, Inc. Quote

KDDI Corporation KDDIY: This Japanese telecommunications services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 39.7% over the last 60 days.

KDDI Corporation Price and Consensus

KDDI Corporation Unsponsored ADR price-consensus-chart | KDDI Corporation Unsponsored ADR Quote

KDDI’s shares gained 5.9% over the last six months compared with the S&P 500’s advance of 5.2%. The company possesses a Momentum Score of B.

KDDI Corporation Price

KDDI Corporation Unsponsored ADR price | KDDI Corporation Unsponsored ADR Quote

Penguin Solutions, Inc. PENG: This designer and developer of enterprise solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.

Penguin Solutions, Inc. Price and Consensus

Penguin Solutions, Inc. price-consensus-chart | Penguin Solutions, Inc. Quote

Penguin’s shares gained 41.2% over the last three months compared with the S&P 500’s advance of 16%. The company possesses a Momentum Score of A.

Penguin Solutions, Inc. Price

Penguin Solutions, Inc. price | Penguin Solutions, Inc. Quote

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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This article originally published on Zacks Investment Research (zacks.com).

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