Best Momentum Stocks to Buy for October 7th

TCOM LRMR MNTK

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 7th:

Montauk Renewables, Inc. (MNTK - Free Report) : This biogas focused renewable energy company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

Montauk’s shares gained 44.8% over the last three months compared with the S&P 500’s decline of 3.4%. The company possesses a Momentum Score of A.

Larimar Therapeutics, Inc. (LRMR - Free Report) : This clinical-stage biotechnology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.3% over the last 60 days.

Larimar’s shares gained 65.6% over the last three months compared with the S&P 500’s decline of 3.4%. The company possesses a Momentum Score of A.

Trip.com Group Limited (TCOM - Free Report) : This travel service provider for the leisure and recreation industry has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.

Trip.com’s shares gained 10.6% over the last three months compared with the S&P 500’s decline of 3.4%. The company possesses a Momentum Score of B.

 

See the full list of top ranked stocks here

 

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

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

See This Stock Now for Free >>