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Top Ranked Momentum Stocks to Buy for October 6th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 6th:

Quidel Corporation (QDEL - Free Report) : This diagnostic testing solutions developer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% over the last 60 days.

Quidel’s shares gained nearly 63% over the last one month compared with the S&P 500’s decline of 0.5%. The company possesses a Momentum Score of A.

Owens & Minor, Inc. (OMI - Free Report) : This healthcare solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 69.4% over the last 60 days.

Owens Minor, Inc. Price and Consensus

Owens  Minor, Inc. Price and Consensus

Owens Minor, Inc. price-consensus-chart | Owens Minor, Inc. Quote

 

Owens & Minor’s shares gained 46.5% over the last one month. The company possesses a Momentum Score of A.

Charles & Colvard, Ltd. (CTHR - Free Report) : This moissanite jewels and finished jewelries manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.

Charles & Colvard’s shares gained 30.9% over the last one month. The company possesses a Momentum Score of A.

SYNNEX Corporation (SNX - Free Report) : This business process services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 14% over the last 60 days.

Synnex’s shares gained 20.3% over the last one month. The company possesses a Momentum Score of A.

See the full list of top ranked stocks here.

Learn more about the Momentum score and how it is calculated here.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

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