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Top Ranked Momentum Stocks to Buy for October 16th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 16th:

Quidel Corporation (QDEL - Free Report) : This manufacturer of diagnostic testing solutions has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 58% over the last 60 days.

Quidel’s shares gained 19.7% over the last one month more than S&P 500’s gain of 2.1%. The company possesses a Momentum Score of A.

Netflix, Inc. (NFLX - Free Report) : This major internet television network has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 0.8% over the last 60 days.

Netflix’s shares gained 9.4% over the last one month. The company possesses a Momentum Score of A.

Cummins Inc. (CMI - Free Report) : This manufacturer of diesel and natural gas engines has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.5% over the last 60 days.

Cummins’ shares gained 4.5% over the last one month. The company possesses a Momentum Score of A.

Carpenter Technology Corporation (CRS - Free Report) : This manufacturer of specialty metals has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.9% over the last 60 days.

Carpenter Technology’s shares gained 20.5% 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.

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