Best Momentum Stocks to Buy for August 4th

Zacks highlights three Zacks Rank #1 momentum stocks for August 4: Advanced Micro Devices, Darling Ingredients, and Ralliant. AMD stands out as the main focus, with next-year earnings estimates rising 9.9% over the last 60 days and shares up 36.4% over three months, well ahead of the S&P 500’s 4.8% gain. Darling Ingredients also shows strong momentum, with current-year earnings estimates up 14.1% in 60 days and shares up 26.5% over six months versus the S&P 500’s 11.9% rise. Ralliant has the strongest recent price performance in the list, gaining 40.3% over three months, while its current-year earnings estimates rose 6.1% over 60 days. Overall, the article is a stock-selection/momentum screen rather than a company-specific catalyst story, and it is modestly bullish for AMD and the other names.