Best Momentum Stock to Buy for August 8th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 8th:

Rigel Pharmaceuticals RIGL:This clinical-stage drug development company that discovers and develops novel, small-molecule drugs for the treatment of inflammatory diseases, cancer and viral diseases, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 72% over the last 60 days.

Rigel Pharmaceuticals, Inc. Price and Consensus

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

Rigel Pharmaceuticals' shares gained 61% over the last three month compared with the S&P 500’s gain of 12%. The company possesses a Momentum Score of A.

Rigel Pharmaceuticals, Inc. Price

Rigel Pharmaceuticals, Inc. price | Rigel Pharmaceuticals, Inc. Quote

APi Group APG: This company which offers critical pipeline integrity and construction services for energy companies, utilities, public agencies, and contractors, as well as end-to-end fire protection solutions, including design, installation, inspection and service of fire protection systems, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.

APi Group Corporation Price and Consensus

APi Group Corporation price-consensus-chart | APi Group Corporation Quote

APi Group’s shares gained 18.6% over the last three month compared with the S&P 500’s gain of 12%. The company possesses a Momentum Score of A.

APi Group Corporation Price

APi Group Corporation price | APi Group Corporation Quote

Cleanspark CLSK:This company which is engaged in the mining of cryptocurrencies, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.

Cleanspark, Inc. Price and Consensus

Cleanspark, Inc. price-consensus-chart | Cleanspark, Inc. Quote

Cleanspark’s shares gained 23.5% over the last three month compared with the S&P 500’s gain of 12%. The company possesses a Momentum Score of A.

Cleanspark, Inc. Price

Cleanspark, Inc. price | Cleanspark, 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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