Best Momentum Stocks to Buy for August 16th

Zacks Equity Research

16 August 2022 at 8:54 am·2-min read

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 16th:

Sotherly Hotels SOHO: This real estate investment trust which focuses on the acquisition, renovation, up branding and repositioning of upscale upper-upscale full-service hotels primarily in the Mid-Atlantic and Southern United States, has a Zacks Rank #1(Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.5% over the last 60 days.

Sotherly Hotels Inc. Price and Consensus

Sotherly Hotels Inc. price-consensus-chart | Sotherly Hotels Inc. Quote

Sotherly Hotel’s shares gained 32.5% over the last three months compared with the S&P 500’s gain of 7.7%. The company possesses a Momentum Score of A.

Sotherly Hotels Inc. Price

Sotherly Hotels Inc. price | Sotherly Hotels Inc. Quote

Digi International DGII: This company which is a leading global provider of business and mission-critical Internet of Things (IoT) products and services, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing .65% over the last 60 days.

Digi International Inc. Price and Consensus

Digi International Inc. price-consensus-chart | Digi International Inc. Quote

Digi International’s shares gained 60.4% over the last three months compared with the S&P 500’s gain of 7.7%. The company possesses a Momentum Score of B.

Digi International Inc. Price

Digi International Inc. price | Digi International Inc. Quote

OceanFirst Financial OCFC: This community banking service company which accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers, has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.

OceanFirst Financial Corp. Price and Consensus

OceanFirst Financial Corp. price-consensus-chart | OceanFirst Financial Corp. Quote

OceanFirst Financial’s shares gained 15.6% over the last three months compared with the S&P 500’s gain of 7.7%. The company possesses a Momentum Score of B.

OceanFirst Financial Corp. Price

OceanFirst Financial Corp. price | OceanFirst Financial Corp. 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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