Best Momentum Stocks to Buy for September 2nd

Zacks Equity Research

2 September 2022 at 8:08 am·2-min read

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 2nd:

Pinduoduo Inc. PDD: This e-commerce company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 86.3% over the last 60 days.

Pinduoduo Inc. Sponsored ADR Price and Consensus

Pinduoduo Inc. Sponsored ADR price-consensus-chart | Pinduoduo Inc. Sponsored ADR Quote

Pinduoduo's shares gained 35.6% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses a Momentum Score of A.

Pinduoduo Inc. Sponsored ADR Price

Pinduoduo Inc. Sponsored ADR price | Pinduoduo Inc. Sponsored ADR Quote

LPL Financial Holdings Inc. LPLA: This integrated platform of brokerage and investment advisory services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

LPL Financial Holdings Inc. Price and Consensus

LPL Financial Holdings Inc. price-consensus-chart | LPL Financial Holdings Inc. Quote

LPL’s shares gained 12.2% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses a Momentum Score of B.

LPL Financial Holdings Inc. Price

LPL Financial Holdings Inc. price | LPL Financial Holdings Inc. Quote

Mercantile Bank Corporation MBWM: This bank holding company for Mercantile Bank of Michigan has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.5% over the last 60 days.

Mercantile Bank Corporation Price and Consensus

Mercantile Bank Corporation price-consensus-chart | Mercantile Bank Corporation Quote

Mercantile’s shares gained 1.6% over the last three months compared with the S&P 500’s decline of 5.4%. The company possesses a Momentum Score of B.

Mercantile Bank Corporation Price

Mercantile Bank Corporation price | Mercantile Bank 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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