Best Momentum Stock to Buy for October 2nd

Zacks
Apri Zacks
Best Momentum Stock to Buy for October 2nd

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 2nd:

Vicor VICR: This company, which designs, develops, manufactures and markets modular power components and systems to convert electrical power for a range of devices, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 17% over the last 60 days.

Vicor Corporation Price and Consensus

Vicor Corporation Price and Consensus

Vicor Corporation price-consensus-chart | Vicor Corporation Quote

Vicor’s shares gained 9.1% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of A.

Vicor Corporation Price

Vicor Corporation Price

Vicor Corporation price | Vicor Corporation Quote

Flexsteel Industries FLXS: This company, which is engaged in the design, manufacture and sale of a broad line of quality upholstered furniture for residential, commercial, and recreational vehicle seating use, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Flexsteel Industries, Inc. Price and Consensus

Flexsteel Industries, Inc. Price and Consensus

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

Flexsteel Industries’ shares gained 19.6% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of B.

Flexsteel Industries, Inc. Price

Flexsteel Industries, Inc. Price

Flexsteel Industries, Inc. price | Flexsteel Industries, Inc. Quote

Demant WILYY: This company, which is engaged in the healthcare industry and develops, manufactures and sells products and equipment designed to aid the hearing and communication of individuals, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Demant A/S Unsponsored ADR Price and Consensus

Demant A/S Unsponsored ADR Price and Consensus

Demant A/S Unsponsored ADR price-consensus-chart | Demant A/S Unsponsored ADR Quote

Demant’s shares gained 18.6% over the last three month compared with the S&P 500’s gain of 2.5%. The company possesses a Momentum Score of B.

Demant A/S Unsponsored ADR Price

Demant A/S Unsponsored ADR Price

Demant A/S Unsponsored ADR price | Demant A/S Unsponsored ADR Quote

 

See the full list of top ranked stocks here

 

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

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. 

See them 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


 
Flexsteel Industries, Inc. (FLXS): Free Stock Analysis Report
 
Demant A/S Unsponsored ADR (WILYY): Free Stock Analysis Report
 
Vicor Corporation (VICR): Free Stock Analysis Report

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

Zacks Investment Research