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Best Momentum Stocks to Buy for October 16th

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

REE Automotive Ltd. (REE - Free Report) : This automotive technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.3% over the last 60 days.

REE Automotive’s shares gained 56.8% over the last three months compared with the S&P 500’s advance of 4%. The company possesses a Momentum Score  of B.

Unity Bancorp, Inc. (UNTY - Free Report) : This holding company for Unity Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

Unity Bancorp’s shares gained 11.5% over the last three months compared with the S&P 500’s advance of 4%. The company possesses a Momentum Score of A.

First Community Corporation (FCCO - Free Report) : This bank holding company for First Community Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

First Community’s shares gained 4.9% over the last three months compared with the S&P 500’s advance of 4%. 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.


See More Zacks Research for These Tickers


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First Community Corporation (FCCO) - free report >>

REE Automotive Ltd. (REE) - free report >>

Unity Bancorp, Inc. (UNTY) - free report >>

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