3 Strong Buy Momentum Stocks for Today: PPC, EAT, GBX

Richard Driehaus secured a spot in Barron’s All-Century Team with his successful "buy high, sell higher" strategy, ideal for selecting the top momentum stocks.To that end, stocks like Pilgrim's Pride Corporation PPC, Brinker International, Inc. EAT, and The Greenbrier Companies, Inc. GBX have been selected as the momentum picks for the day using the Driehaus strategy.A Detailed Look Into the Driehaus StrategyRegarding the strategy, Driehaus once said, “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, the American.The Association of Individual Investors (“AAII”) considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy.It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.We use that basis to determine our stock selections using Zack’s Research Wizard Tool.Screening Parameters Using Research Wizard:To make the strategy more profitable, we have considered only those stocks that have a Zacks Rank #1 (Strong Buy) and a Momentum Score of A or B. Our research shows that stocks with a Style Score of A or B, combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential.• Zacks Rank equal to #1Whether the market is good or bad, stocks with a Zacks Rank #1 have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.• Last 5-year average EPS growth rates above 2%Strong EPS growth history ensures improving business• Trailing 12-month EPS growth greater than 0 and industry medianHigher EPS growth compared to the industry average indicates superior earnings performance• Last four-quarter average EPS surprise greater than 5%Solid EPS surprise history indicates better price performance• Positive percentage change in 50-day moving average and relative strength over 4 weeksPositive percentage change in 50-day moving average and relative strength signal uptrend• Momentum Score equal to or less than B         A favorable momentum score indicates that it is ideal for taking advantage of the momentum with the highest probability of success.These few parameters have narrowed the universe of more than 7,743 stocks to only 18.Here are three of the 18 stocks:Pilgrim's Pride CorporationPilgrim's Pride Corp. produces and distributes chicken and pork products to retailers, distributors and food service operators. It has a Momentum Score of B. The trailing four-quarter earnings surprise for PPC is 30.9%, on average.Brinker InternationalBrinker International operates casual dining restaurants in the United States and worldwide through ownership, development, operation and franchising. It has a Momentum Score of A. The trailing four-quarter earnings surprise for EAT is 24.7%, on average.The Greenbrier CompaniesThe Greenbrier Companies makes and sells railroad freight car equipment in North America, Europe and South America. It has a Momentum Score of A. The trailing four-quarter earnings surprise for GBX is 31.9%, on average.You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial to the Research Wizard today.Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brinker International, Inc. (EAT): Free Stock Analysis Report Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report Greenbrier Companies, Inc. (The) (GBX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks