Best Momentum Stocks to Buy for November 2nd

PGR USAP APPF

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 2nd:

AppFolio, Inc. (APPF - Free Report) : This company that provides cloud business management solutions for the real estate industry has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.

AppFolio’s shares gained 5.1% over the last three months compared with the S&P 500’s decline of 6.7%. The company possesses a Momentum Score  of A.

Universal Stainless& Alloy Products, Inc. (USAP - Free Report) : This specialty steel products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

Universal Stainless’ shares gained 46.7% over the last six months compared with the S&P 500’s advance of 2.7%. The company possesses a Momentum Score of B.

The Progressive Corporation (PGR - Free Report) : This insurance holding company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days.

Progressive’s shares gained 23.9% over the last three months compared with the S&P 500’s decline of 6.7%. 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.

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