Markets

Top Ranked Momentum Stocks to Buy for October 19th

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 19th:

Daqo New Energy Corp. (DQ): This manufacturer and seller of polysilicon to photovoltaic product manufactures in China has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days.

DAQO New Energy Corp. Price and Consensus

DAQO New Energy Corp. Price and Consensus

DAQO New Energy Corp. price-consensus-chart | DAQO New Energy Corp. Quote

Daqo's shares gained 79.5% over the last one month compared to S&P 500’s rise of +5%. The company possesses a Momentum Score of B.

DAQO New Energy Corp. Price

DAQO New Energy Corp. Price

DAQO New Energy Corp. price | DAQO New Energy Corp. Quote

Beacon Roofing Supply, Inc. (BECN): This distributor of residential and commercial roofing materials, and other complementary building materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.

Beacon Roofing Supply, Inc. Price and Consensus

Beacon Roofing Supply, Inc. Price and Consensus

Beacon Roofing Supply, Inc. price-consensus-chart | Beacon Roofing Supply, Inc. Quote

Beacon Roofing's shares gained 20.7% over the last one month. The company possesses a Momentum Score of A.

Beacon Roofing Supply, Inc. Price

Beacon Roofing Supply, Inc. Price

Beacon Roofing Supply, Inc. price | Beacon Roofing Supply, Inc. Quote

Asbury Automotive Group, Inc. (ABG): This automotive retailer in the United States has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9% over the last 60 days.

Asbury Automotive Group, Inc. Price and Consensus

Asbury Automotive Group, Inc. Price and Consensus

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

Asbury Automotive's shares gained 16.5% over the last one month. The company possesses a Momentum Score of A.

Asbury Automotive Group, Inc. Price

Asbury Automotive Group, Inc. Price

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

Cowen Inc. (COWN): This provider of investment banking, research, sales and trading, and related services has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.

Cowen Group, Inc. Price and Consensus

Cowen Group, Inc. Price and Consensus

Cowen Group, Inc. price-consensus-chart | Cowen Group, Inc. Quote

Cowen's shares gained 11.5% over the last one month. The company possesses a Momentum Score of A.

Cowen Group, Inc. Price

Cowen Group, Inc. Price

Cowen Group, Inc. price | Cowen Group, Inc. Quote

See the full list of top ranked stocks here

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

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.

The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
DAQO New Energy Corp. (DQ): Free Stock Analysis Report
 
Cowen Group, Inc. (COWN): Free Stock Analysis Report
 
Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report
 
Asbury Automotive Group, Inc. (ABG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

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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