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Best Momentum Stocks to Buy for October 5th

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 5:

GigaCloud Technology Inc. (GCT - Free Report) : This B2B ecommerce solutions and large parcel merchandising company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.7% over the last 60 days.

GigaCloud’s shares gained 57.7% over the last three months compared with the S&P 500’s advance of 2.4%. The company possesses a Momentum Score  of A.

Cracker Barrel Old Country Store, Inc. (CBRL - Free Report) : This company which runs a restaurant and gift store chain has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.9% over the last 60 days.

Cracker Barrel’s shares gained 10.3% over the last three months compared with the S&P 500’s advance of 2.4%. The company possesses a Momentum Score of A.

UBS Group AG (UBS - Free Report) : This financial advice and solutions company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.

UBS Group’s shares gained 20.2% over the last six months compared with the S&P 500’s advance of 16.8%. The company possesses a Momentum Score of A.

 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

Learn more about the Momentum score and how it is calculated here.

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