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Top Ranked Momentum Stocks to Buy for October 31st

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Here are four stocks with buy ranks and strong momentum characteristics for investors to consider today, October 31st:

Acacia Communications, Inc. : This provider of high-speed coherent interconnect products carries a Zacks Rank #1 (Strong Buy), as the Zacks Consensus Estimate for its current year earnings has advanced 6.1% over the last 30 days.

ACACIA COMMUNIC Price and Consensus

 

Acacia Communications’ year-to-date return is a whopping 130.2%. The company possess a Momentum Score of A.

ACACIA COMMUNIC Price

 

Allison Transmission Holdings, Inc. (ALSN - Free Report) : This manufacturer of commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles has seen the Zacks Consensus Estimate for its current year earnings soaring 5.1% over the last 30 days. As a result, it holds a Zacks Rank #1.

ALLISON TRANSMN Price and Consensus

 

Allison Transmission’s year-to-date return is 13.3%. The company possess a Momentum Score of B.

ALLISON TRANSMN Price

 

Arch Capital Group Ltd. (ACGL - Free Report) : This provider of property, casualty, and mortgage insurance and reinsurance products has seen the Zacks Consensus Estimate for its current year earnings increasing 2.6% over the last 30 days. As a result, it carries a Zacks Rank #2 (Buy).

ARCH CAP GP LTD Price and Consensus

 

Arch Capital’s year-to-date return is 11.1%, compared with the S&P 500’s return of 4.2%. The company possess a Momentum Score of A.

ARCH CAP GP LTD Price

 

Ariad Pharmaceuticals Inc. : this oncology company holds a Zacks Rank #2, as the Zacks Consensus Estimate for its current year earnings has surged 21.6% over the last 30 days.

ARIAD PHARMA Price and Consensus

 

Ariad Pharmaceuticals’ year-to-date return is 40.5%. The company carries a Momentum Score of A.

ARIAD PHARMA Price

 

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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