3 High-Octane Momentum Stocks to Watch Next Week

From Nasdaq:

The stock market is showing strength, with the S&P 500 index breaking out to a new intraday high. Now could be the time to find stocks for explosive moves higher. Zillow Group (ZG) is trading at a valuation of 31x forward earnings. It has a Zacks Rank #1 (Strong Buy) rating, with earnings estimates up 5.4% for next quarter and 11.4% YoY.

Shopify (SHOP) is growing sales by 25% this year and 19% next year. It has a Zacks Rank #1 (Strong Buy) rating with EPS forecast to grow by 49% next year. The stock is setting up for a breakout and could push to new highs if it breaks the $79.50 level.

Pinterest (PINS) is a compelling stock to buy with expected EPS growth of 36% annually over the next 3-5 years, while the forward earnings valuation is 28.5x. It has a Zacks Rank #1 (Strong Buy), with earnings expected to climb. Pinterest stock has broken out steadily since last year and looks ready to break out further if it clears the $38.10 level.

Take advantage of the $1 offer from Zacks that provides 30-day access to all their picks. Thousands have already taken advantage and have seen significant gains. Thousands that thought there must be a catch missed out on the opportunity.



Read more: 3 High-Octane Momentum Stocks to Watch Next Week