Best Momentum Stocks to Buy for October 7th

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Best Momentum Stocks to Buy for October 7th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 7:

Micron Technology, Inc. MU: This seller of memory and storage products worldwide has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% over the last 60 days.

Micron Technology, Inc. Price and Consensus

Micron Technology, Inc. Price and Consensus

Micron Technology, Inc. price-consensus-chart | Micron Technology, Inc. Quote

Micron’s shares gained 10.2% over the last three months compared with the S&P 500’s advance of 3.9%. The company possesses a Momentum Score  of A.

Micron Technology, Inc. Price

Micron Technology, Inc. Price

Micron Technology, Inc. price | Micron Technology, Inc. Quote

Equinor ASA EQNR: This explorer and producer of petroleum and related products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days.

Equinor ASA Price and Consensus

Equinor ASA Price and Consensus

Equinor ASA price-consensus-chart | Equinor ASA Quote

Equinor’s shares gained 25.5% over the last three months compared with the S&P 500’s advance of 3.9%. The company possesses a Momentum Score of A.

Equinor ASA Price

Equinor ASA Price

Equinor ASA price | Equinor ASA Quote

Oceaneering International, Inc. OII: This offshore energy, defense, aerospace and robotics services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.

Oceaneering International, Inc. Price and Consensus

Oceaneering International, Inc. Price and Consensus

Oceaneering International, Inc. price-consensus-chart | Oceaneering International, Inc. Quote

Oceaneering’s shares gained 9.3% over the last three months compared with the S&P 500’s advance of 3.9%. The company possesses a Momentum Score of B.

Oceaneering International, Inc. Price

Oceaneering International, Inc. Price

Oceaneering International, Inc. price | Oceaneering International, Inc. Quote

 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

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

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Micron Technology, Inc. (MU): Free Stock Analysis Report
 
Oceaneering International, Inc. (OII): Free Stock Analysis Report
 
Equinor ASA (EQNR): Free Stock Analysis Report

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

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