Best Momentum Stock to Buy for Oct. 13th

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, Oct. 13th:

Wayfair W: This company, which is one of the world's leading online sellers of home goods products, consisting of furniture and home decor, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.

Wayfair Inc. Price and Consensus

Wayfair Inc. Price and Consensus

Wayfair Inc. price-consensus-chart | Wayfair Inc. Quote

Wayfair's shares gained 32.8% over the last three month compared with the S&P 500’s gain of 4.5%. The company possesses a Momentum Score of A.

Wayfair Inc. Price

Wayfair Inc. Price

Wayfair Inc. price | Wayfair Inc. Quote

Richardson Electronics RELL: This company, which is a global provider of engineered solutions for its customers' needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.9% over the last 60 days.

Richardson Electronics, Ltd. Price and Consensus

Richardson Electronics, Ltd. Price and Consensus

Richardson Electronics, Ltd. price-consensus-chart | Richardson Electronics, Ltd. Quote

Richardson Electronics' shares gained 14.2% over the last three month compared with the S&P 500’s gain of 4.5%. The company possesses a Momentum Score of A.

Richardson Electronics, Ltd. Price

Richardson Electronics, Ltd. Price

Richardson Electronics, Ltd. price | Richardson Electronics, Ltd. Quote

 

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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Richardson Electronics, Ltd. (RELL) : Free Stock Analysis Report

Wayfair Inc. (W) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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