Best Momentum Stock to Buy for August 7th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 7th:

Reddit Inc. RDDT: This social media and community-led platform that enables real-time discovery, conversation and engagement across a wide range of interest-based forums, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 49.6% over the last 60 days.

Reddit Inc. Price and Consensus

Reddit Inc. price-consensus-chart | Reddit Inc. Quote

Reddit' shares gained 97.4% over the last three month compared with the S&P 500’s gain of 12.1%. The company possesses a Momentum Score of A.

Reddit Inc. Price

Reddit Inc. price | Reddit Inc. Quote

Carpenter Technology CRS: This company which is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels as well as drilling tools, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.

Carpenter Technology Corporation Price and Consensus

Carpenter Technology Corporation price-consensus-chart | Carpenter Technology Corporation Quote

Carpenter Technology’s shares gained 21.3% over the last three month compared with the S&P 500’s gain of 12.1%. The company possesses a Momentum Scoreof A.

Carpenter Technology Corporation Price

Carpenter Technology Corporation price | Carpenter Technology Corporation Quote

Graham GHM: This company which designs and builds vacuum and heat transfer equipment for process industries and energy markets worldwide, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days.

Graham Corporation Price and Consensus

Graham Corporation price-consensus-chart | Graham Corporation Quote

Graham’s shares gained 40% over the last three month compared with the S&P 500’s gain of 12.1%. The company possesses a Momentum Score of A.

Graham Corporation Price

Graham Corporation price | Graham Corporation 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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