Russ Cohen

Best Momentum Stocks to Buy for Dec. 23

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, Dec. 23: 

Valero Energy Corporation VLO: This petroleum company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days. 

Valero Energy Corporation Price and Consensus

Valero Energy Corporation Price and Consensus

Valero Energy Corporation price-consensus-chart | Valero Energy Corporation Quote

Valero Energy Corporation’s shares gained 22.1% over the last three months compared with the S&P 500’s decline of 13.2%. The company possesses a Momentum Score of A. 

Valero Energy Corporation Price

Valero Energy Corporation Price

Valero Energy Corporation price | Valero Energy Corporation Quote

Suncor Energy Inc. SU: This energy company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days. 

Suncor Energy Inc. Price and Consensus

Suncor Energy  Inc. Price and Consensus

Suncor Energy Inc. price-consensus-chart | Suncor Energy Inc. Quote

Suncor Energy’s shares gained 14.4% over the past six months compared with the S&P 500’s decline of 13.2%. The company possesses a Momentum Score of A. 

Suncor Energy Inc. Price

Suncor Energy  Inc. Price

Suncor Energy Inc. price | Suncor Energy Inc. Quote

IAMGOLD Corporation IAG: This gold mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days. 

Iamgold Corporation Price and Consensus

Iamgold Corporation Price and Consensus

Iamgold Corporation price-consensus-chart | Iamgold Corporation Quote

IAMGOLD’s shares gained 50.0% over the last three months compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of B. 

Iamgold Corporation Price

Iamgold Corporation Price

Iamgold Corporation price | Iamgold Corporation Quote

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See the full list of top ranked stocks here

Learn more about theMomentum score and how it is calculated here.

Zacks’ Research Chief Names “Stock Most Likely to Double”

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company’s customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Hims & Hers Health, which shot up +209%.

Free: See Our Top Stock And 4 Runners Up

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Valero Energy Corporation (VLO) : Free Stock Analysis Report

Suncor Energy Inc. (SU) : Free Stock Analysis Report

Iamgold Corporation (IAG) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research