Stocks

Notable Momentum Stocks of September: MHO, FMBH, and CCSI

Published September 14, 2024

Investors often seek out momentum stocks to capitalize on market trends. A stock's momentum is generally influenced by a comprehensive gamut of factors, including financial performance, industry growth forecasts, and broader economic indicators. As of September 13, 2024, three particular stocks have garnered attention after being designated as Zacks Rank #1 (Strong Buy) momentum stocks. These are MHO, FMBH, and CCSI, each showing promising characteristics that make them stand out in the investment landscape.

Consensus Cloud Solutions, Inc. CCSI

Headquartered in Los Angeles, California, Consensus Cloud Solutions, Inc. CCSI operates a robust software-as-a-service platform offering information delivery services globally. The versatility of cloud-based solutions, coupled with an increasing reliance on digital information management, likely contributes to CCSI's strong market position and momentum as a stock.

First Mid Bancshares, Inc. FMBH

Representing the financial sector, First Mid Bancshares, Inc. FMBH, serves a regional client base which includes commercial, retail and agricultural customers. Providing community banking products and services from its base in Mattoon, Illinois, a dynamic approach to local banking needs may be a significant driver behind FMBH's attractiveness to investors looking for momentum opportunities.

The presence of MHO, FMBH, and CCSI on the Zacks Rank #1 (Strong Buy) momentum list showcases the diversity of opportunities available to investors. With their inclusion on this coveted list on September 13, 2024, each ticker signifies a respective strength within its industry and the potential for continued performance in the markets. Investors tuned into momentum strategies will likely keep a close watch on these stocks in the following weeks.

MHO, FMBH, CCSI