Markets

Top Ranked Momentum Stocks to Buy for October 16th

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 16th:

Quidel Corporation (QDEL): This developer, manufacturer, and marketer of diagnostic testing solutions has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 24% over the last 60 days.

Quidel Corporation Price and Consensus

Quidel Corporation Price and Consensus

Quidel Corporation price-consensus-chart | Quidel Corporation Quote

 

Quidel’s shares gained 63.8% over the last one month compared with the S&P 500’s growth of 2.4%. The company possesses a Momentum Score of A.

Quidel Corporation Price

Quidel Corporation Price

Quidel Corporation price | Quidel Corporation Quote

 

Group 1 Automotive, Inc. (GPI): This company that sells new and used cars, light trucks, and vehicle parts has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.9% over the last 60 days.

Group 1 Automotive, Inc. Price and Consensus

Group 1 Automotive, Inc. Price and Consensus

Group 1 Automotive, Inc. price-consensus-chart | Group 1 Automotive, Inc. Quote

 

Group 1 Automotive’s shares gained 33.6% over the last one month. The company possesses a Momentum Score of A.

Group 1 Automotive, Inc. Price

Group 1 Automotive, Inc. Price

Group 1 Automotive, Inc. price | Group 1 Automotive, Inc. Quote

 

Ampco-Pittsburgh Corporation (AP): This manufacturer and seller of custom designed engineering products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

AmpcoPittsburgh Corporation Price and Consensus

AmpcoPittsburgh Corporation Price and Consensus

AmpcoPittsburgh Corporation price-consensus-chart | AmpcoPittsburgh Corporation Quote

 

Ampco-Pittsburgh Corp’s shares gained 37.1% over the last one month. The company possesses a Momentum Score of A.

AmpcoPittsburgh Corporation Price

AmpcoPittsburgh Corporation Price

AmpcoPittsburgh Corporation price | AmpcoPittsburgh Corporation Quote

 

Worthington Industries, Inc. (WOR): This metals manufacturing company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 25.8% over the last 60 days.

Worthington Industries, Inc. Price and Consensus

Worthington Industries, Inc. Price and Consensus

Worthington Industries, Inc. price-consensus-chart | Worthington Industries, Inc. Quote

 

Worthington Industries’ shares gained 16.9% over the last one month. The company possesses a Momentum Score of A.

Worthington Industries, Inc. Price

Worthington Industries, Inc. Price

Worthington Industries, Inc. price | Worthington Industries, Inc. 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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Worthington Industries, Inc. (WOR): Free Stock Analysis Report
 
Quidel Corporation (QDEL): Free Stock Analysis Report
 
Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report
 
AmpcoPittsburgh Corporation (AP): Free Stock Analysis Report
 
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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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