Top Momentum Stocks to Invest in Mid-August

The financial landscape is consistently evolving, and savvy investors are always on the lookout for promising opportunities to grow their portfolios. As we analyze the market trends, certain stocks tend to stand out, particularly those that are gaining momentum. On August 16, 2024, a few stocks made a significant mark by achieving the Zacks Rank #1 (Strong Buy), signifying their strong momentum and investment potential. Among these, AMAL, SN, and SBSI were notable mentions.

Amalgamated Finance Corporation AMAL

Basing its operations out of New York, AMAL, or Amalgamated Finance Corporation has carved a niche in its sector. AMAL has shown remarkable performance and has caught the attention of investors looking for growth in momentum stocks. Its strategic position within the bustling hub of New York's financial district provides it with a competitive edge that investors find appealing.

Southside Bancshares, Inc. SBSI

With its central operations rooted in Tyler, Texas, SBSI stands as the banking holding company for Southside Bank. It offers comprehensive financial services catering to individuals, businesses, and organizations alike. SBSI's inclusion in the Zacks Rank #1 (Strong Buy) list reflects its potential for sustained growth and momentum, making it a significant contender for investors' portfolios.

Sanchez Energy Corporation SN

Located in the energy corridor of Houston, Texas, SN operates with a focus on the unconventional exploration and production of oil and natural gas. As an independent entity concentrating on domestic onshore resources, SN has demonstrated remarkable potential amidst volatile energy markets. Its selection as a Zacks Rank #1 (Strong Buy) momentum stock underscores the company's progressive trajectory and investment prospects.

AMAL, SBSI, SN