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Best Momentum Stock to Buy for October 1st

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 1st:

Gold Fields Limited (GFI - Free Report) : This technology company which is one of the world's largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Gold Fields Limited's shares gained 78.3% over the last three month compared with the S&P 500’s gain of 7.8%. The company possesses a Momentum Score of A.

Western Digital (WDC - Free Report) : This company which is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

Western Digital's shares gained 88.3% over the last three month compared with the S&P 500’s gain of 7.8%. The company possesses a Momentum Score of A.

StoneCo (STNE - Free Report) : This financial technology solutions company which offers end-to-end cloud-based technology platform to conduct electronic commerce, across in-store, online and mobile channels, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.

StoneCo’s shares gained 17.2% over the last three month compared with the S&P 500’s gain of 7.8%. 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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Western Digital Corporation (WDC) - free report >>

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