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Best Momentum Stock to Buy for October 2nd

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

Vicor (VICR - Free Report) : This company, which designs, develops, manufactures and markets modular power components and systems to convert electrical power for a range of devices, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.

Vicor’s shares gained 9.1% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of A.

Flexsteel Industries (FLXS - Free Report) : This company, which is engaged in the design, manufacture and sale of a broad line of quality upholstered furniture for residential, commercial, and recreational vehicle seating use, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Flexsteel Industries’ shares gained 19.6% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of B.

Demant (WILYY - Free Report) : This company, which is engaged in the healthcare industry and develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Demant’s shares gained 18.6% over the last three month compared with the S&P 500’s gain of 2.5%. 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.

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