Best Momentum Stock to Buy for September 19th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 19th:

Gold Fields Limited GFI: This company which is one of the world's largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Gold Fields Limited Price and Consensus

Gold Fields Limited price-consensus-chart | Gold Fields Limited Quote

Gold Fields Limited's shares gained 57% over the last three month compared with the S&P 500’s gain of 10.9%. The company possesses a Momentum Score of A.

Gold Fields Limited Price

Gold Fields Limited price | Gold Fields Limited Quote

Macy's M: This company which is an omnichannel retail organization operating stores, websites and mobile applications under three brands Macy's, Bloomingdale's and bluemercury, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Macy's, Inc. Price and Consensus

Macy's, Inc. price-consensus-chart | Macy's, Inc. Quote

Macy's shares gained 60.7% over the last three month compared with the S&P 500’s gain of 10.9%. The company possesses a Momentum Score of A.

Macy's, Inc. Price

Macy's, Inc. price | Macy's, Inc. Quote

Magic Software Enterprises MGIC:This company which is a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.10% over the last 60 days.

Magic Software Enterprises Ltd. Price and Consensus

Magic Software Enterprises Ltd. price-consensus-chart | Magic Software Enterprises Ltd. Quote

Magic Software Enterprises’ shares gained 18.1% over the last three month compared with the S&P 500’s gain of 10.9%. The company possesses a Momentum Score of B.

Magic Software Enterprises Ltd. Price

Magic Software Enterprises Ltd. price | Magic Software Enterprises Ltd. 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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