Best Momentum Stocks to Buy for January 7th

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

Centrus Energy Corp. LEU: This nuclear fuel and services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.

Centrus Energy Corp. Price and Consensus

Centrus Energy Corp. price-consensus-chart | Centrus Energy Corp. Quote

Centrus’ shares gained 79.4% over the last six months compared with the S&P 500’s advance of 11.5%. The company possesses a Momentum Score  of A.

Centrus Energy Corp. Price

Centrus Energy Corp. price | Centrus Energy Corp. Quote

Ero Copper Corp. ERO: This explorer, developer and producer of mining projects in Brazil has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Ero Copper Corp. Price and Consensus

Ero Copper Corp. price-consensus-chart | Ero Copper Corp. Quote

Ero Copper’s shares gained 30.2% over the last three months compared with the S&P 500’s advance of 2.7%. The company possesses a Momentum Score of B.

Ero Copper Corp. Price

Ero Copper Corp. price | Ero Copper Corp. Quote

Envela Corporation ELA: This recycling and recommerce services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.

Envela Corporation Price and Consensus

Envela Corporation price-consensus-chart | Envela Corporation Quote

Envela’s shares gained 74.5% over the past three months compared with the S&P 500’s advance of 2.7%. The company possesses a Momentum Score of B.

Envela Corporation Price

Envela Corporation price | Envela 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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