Core Insights - Two stocks with strong buy rankings and momentum characteristics are highlighted for investors: Topgolf Callaway (MODG) and California BanCorp (BCAL) [1][2]. Group 1: Topgolf Callaway (MODG) - Topgolf Callaway is a tech-enabled modern golf and active lifestyle company that provides golf equipment, apparel, and entertainment [1]. - The company has a Zacks Rank of 1 (Strong Buy) and has seen a 59% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1]. - Topgolf Callaway's shares have gained 19% over the last three months, outperforming the S&P 500, which gained 4.6% during the same period [2]. - The company possesses a Momentum Score of A [2]. Group 2: California BanCorp (BCAL) - California BanCorp is a registered bank holding company that offers a variety of financial products and services to individuals, professionals, and small to medium-sized businesses [2]. - The company also has a Zacks Rank of 1 and has experienced a 6.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2][3]. - California BanCorp's shares have increased by 15.1% over the last three months, again outperforming the S&P 500's 4.6% gain [3]. - The company has a Momentum Score of B [3].

We raised the question back in 2023: was the Topgolf mania just another consumer hype bubble?Turns out that may have been the case. Topgolf Callaway Brands had been trying to unload or spin off the Topgolf unit for some time, and now they have.Bloomberg reports that Callaway has sold a 60% stake in its Topgolf and Toptracer division to Leonard Green & Partners in a deal valuing the business at about $1.1 billion. This means the 60% stake will generate about $770 million for Callaway. Callaway originally acq ...