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Top Ranked Momentum Stocks to Buy for October 20th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 20th:

Group 1 Automotive, Inc. (GPI - Free Report) : This company that sells new and used cars, light trucks, and vehicle parts has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.7% over the last 60 days.

Group 1 Automotive’s shares gained 37% over the last one month compared with the S&P 500’s growth of 3.2%. The company possesses a Momentum Score of A.

Sleep Number Corporation (SNBR - Free Report) : This sleep solutions and services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 48.7% over the last 60 days.

Sleep Number Corp’s shares gained 31.6% over the last one month. The company possesses a Momentum Score of A.

Cambium Networks Corporation (CMBM - Free Report) : This wireless broadband networking infrastructure products and solutions provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.

Cambium Networks Corp’s shares gained nearly 39% over the last one month. The company possesses a Momentum Score of A.

Perion Network Ltd. (PERI - Free Report) : This technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Perion Network’s shares gained 20% 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.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>