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Best Momentum Stock to Buy for December 18th
CRSCarpenter(CRS) ZACKS·2024-12-18 16:00

Group 1: DXP Enterprises - DXP Enterprises is a leading products and service distributor providing value and cost-saving solutions to industrial customers across the United States, Canada, Mexico, and Dubai [1] - The company has a Zacks Rank of 1 (Strong Buy) and its current year earnings estimate has increased by 14.3% over the last 60 days [1] - DXP Enterprises' shares have gained 47.5% over the last three months, significantly outperforming the S&P 500's gain of 5.4% [2] Group 2: Dolby Laboratories - Dolby Laboratories develops audio and imaging technologies that enhance entertainment across user-generated content, TV shows, films, music, and gaming [2] - The company also holds a Zacks Rank of 1 and has seen a 2.9% increase in its current year earnings estimate over the last 60 days [2] - Dolby Laboratories' shares have increased by 8.6% over the last three months, again outperforming the S&P 500's gain of 5.4% [3] Group 3: Carpenter Technology - Carpenter Technology is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools [4] - The company has a Zacks Rank of 1 and its current year earnings estimate has risen by 6.7% over the last 60 days [4] - Carpenter Technology's shares have appreciated by 11.5% over the last three months, also surpassing the S&P 500's gain of 5.4% [5]