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Top Ranked Momentum Stocks to Buy for October 19th
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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 19th:
Daqo New Energy Corp. (DQ - Free Report) : This manufacturer and seller of polysilicon to photovoltaic product manufactures in China has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days.
Beacon Roofing Supply, Inc. (BECN - Free Report) : This distributor of residential and commercial roofing materials, and other complementary building materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.
Asbury Automotive Group, Inc. (ABG - Free Report) : This automotive retailer in the United States has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9% over the last 60 days.
Cowen Inc. : This provider of investment banking, research, sales and trading, and related services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Image: Bigstock
Top Ranked Momentum Stocks to Buy for October 19th
Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 19th:
Daqo New Energy Corp. (DQ - Free Report) : This manufacturer and seller of polysilicon to photovoltaic product manufactures in China has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days.
DAQO New Energy Corp. Price and Consensus
DAQO New Energy Corp. price-consensus-chart | DAQO New Energy Corp. Quote
Daqo's shares gained 79.5% over the last one month compared to S&P 500’s rise of +5%. The company possesses a Momentum Score of B.
DAQO New Energy Corp. Price
DAQO New Energy Corp. price | DAQO New Energy Corp. Quote
Beacon Roofing Supply, Inc. (BECN - Free Report) : This distributor of residential and commercial roofing materials, and other complementary building materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.
Beacon Roofing Supply, Inc. Price and Consensus
Beacon Roofing Supply, Inc. price-consensus-chart | Beacon Roofing Supply, Inc. Quote
Beacon Roofing's shares gained 20.7% over the last one month. The company possesses a Momentum Score of A.
Beacon Roofing Supply, Inc. Price
Beacon Roofing Supply, Inc. price | Beacon Roofing Supply, Inc. Quote
Asbury Automotive Group, Inc. (ABG - Free Report) : This automotive retailer in the United States has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9% over the last 60 days.
Asbury Automotive Group, Inc. Price and Consensus
Asbury Automotive Group, Inc. price-consensus-chart | Asbury Automotive Group, Inc. Quote
Asbury Automotive's shares gained 16.5% over the last one month. The company possesses a Momentum Score of A.
Asbury Automotive Group, Inc. Price
Asbury Automotive Group, Inc. price | Asbury Automotive Group, Inc. Quote
Cowen Inc. : This provider of investment banking, research, sales and trading, and related services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.
Cowen Group, Inc. Price and Consensus
Cowen Group, Inc. price-consensus-chart | Cowen Group, Inc. Quote
Cowen's shares gained 11.5% over the last one month. The company possesses a Momentum Score of A.
Cowen Group, Inc. Price
Cowen Group, Inc. price | Cowen Group, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
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