Best Momentum Stocks to Buy for October 12th

BTE SP AZEK

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 12th:

Baytex Energy Corp. (BTE - Free Report) : This crude oil and natural gas company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.1% over the last 60 days.

Baytex’ shares gained 17.2% over the last three months compared with the S&P 500’s decline of 2.8%. The company possesses a Momentum Score  of A.

 

 

 

The AZEK Company Inc. (AZEK - Free Report) : This manufacturer and seller of building products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.

Azek’s shares gained 13.5% over the last six months compared with the S&P 500’s advance of 5.7%. The company possesses a Momentum Score of B.

SP Plus Corporation (SP - Free Report) : This mobility solutions company working in the commercial and aviation segments has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.1% over the last 60 days.

SP Plus’ shares gained 50% over the last six months compared with the S&P 500’s advance of 5.7%. 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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