Markets

Top Ranked Momentum Stocks to Buy for October 20th

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 20th:

Group 1 Automotive, Inc. (GPI): This company that sells new and used cars, light trucks, and vehicle parts has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 37.7% 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 37% over the last one month compared with the S&P 500’s growth of 3.2%. 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

 

Sleep Number Corporation (SNBR): This sleep solutions and services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 48.7% over the last 60 days.

Sleep Number Corporation Price and Consensus

Sleep Number Corporation Price and Consensus

Sleep Number Corporation price-consensus-chart | Sleep Number Corporation Quote

 

Sleep Number Corp’s shares gained 31.6% over the last one month. The company possesses a Momentum Score of A.

Sleep Number Corporation Price

Sleep Number Corporation Price

Sleep Number Corporation price | Sleep Number Corporation Quote

 

Cambium Networks Corporation (CMBM): This wireless broadband networking infrastructure products and solutions provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.

Cambium Networks Corporation Price and Consensus

Cambium Networks Corporation Price and Consensus

Cambium Networks Corporation price-consensus-chart | Cambium Networks Corporation Quote

 

Cambium Networks Corp’s shares gained nearly 39% over the last one month. The company possesses a Momentum Score of A.

Cambium Networks Corporation Price

Cambium Networks Corporation Price

Cambium Networks Corporation price | Cambium Networks Corporation Quote

 

Perion Network Ltd. (PERI): This technology company 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.

Perion Network Ltd Price and Consensus

Perion Network Ltd Price and Consensus

Perion Network Ltd price-consensus-chart | Perion Network Ltd Quote

 

Perion Network’s shares gained 20% over the last one month. The company possesses a Momentum Score of A.

Perion Network Ltd Price

Perion Network Ltd Price

Perion Network Ltd price | Perion Network Ltd Quote

 

See the full list of top ranked stocks here.

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

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


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
 
Sleep Number Corporation (SNBR): Free Stock Analysis Report
 
Perion Network Ltd (PERI): Free Stock Analysis Report
 
Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report
 
Cambium Networks Corporation (CMBM): Free Stock Analysis Report
 
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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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