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Top Ranked Momentum Stocks to Buy for October 22nd

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 22nd:

Costamare Inc. (CMRE - Free Report) : This container ship and liner owning and chartering company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days.

Costamare’s shares gained 9.8% over the last one month above the S&P 500’s increase 0.5%. The company possesses a Momentum Score of A.

Lithia Motors, Inc. (LAD - Free Report) : This automotive retailing company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days.

Lithia Motors’ shares gained 3.5% over the last one month. The company possesses a Momentum Score of A.

NRG Energy, Inc. (NRG - Free Report) : This energy company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 1.8% over the last 60 days.

NRG Energy’s shares gained 2.7% over the last one month. The company possesses a Momentum Score of A.

Summit Therapeutics plc (SMMT - Free Report) : This bio-pharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.2% over the last 60 days.

Summit Therapeutics’ shares gained 26.6% 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.

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.

See them now >>