Best Momentum Stocks to Buy for October 6th

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Best Momentum Stocks to Buy for October 6th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 6:

Chevron Corporation CVX: This integrated energy and chemicals company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.

Chevron Corporation Price and Consensus

Chevron Corporation Price and Consensus

Chevron Corporation price-consensus-chart | Chevron Corporation Quote

Chevron’s shares gained 18.6% over the last three months compared with the S&P 500’s advance of 2.9%. The company possesses a Momentum Score of A.

Chevron Corporation Price

Chevron Corporation Price

Chevron Corporation price | Chevron Corporation Quote

Sandisk Corporation SNDK: This company that designs and manufactures flash memory, storage solutions for consumers and enterprises has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days.

Sandisk Corporation Price and Consensus

Sandisk Corporation Price and Consensus

Sandisk Corporation price-consensus-chart | Sandisk Corporation Quote

Sandisk’s shares gained 5.3% over the last three months compared with the S&P 500’s advance of 2.9%. The company possesses a Momentum Score of B.

Sandisk Corporation Price

Sandisk Corporation Price

Sandisk Corporation price | Sandisk Corporation Quote

Calumet, Inc. CLMT: This manufacturer of specialty products, renewable fuels and performance-branded products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.3% over the last 60 days.

Calumet, Inc. Price and Consensus

Calumet, Inc. Price and Consensus

Calumet, Inc. price-consensus-chart | Calumet, Inc. Quote

Calumet’s shares gained 50.7% over the last three months compared with the S&P 500’s advance of 2.9%. The company possesses a Momentum Score of B.

Calumet, Inc. Price

Calumet, Inc. Price

Calumet, Inc. price | Calumet, 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.

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 >>

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Chevron Corporation (CVX): Free Stock Analysis Report
 
Sandisk Corporation (SNDK): Free Stock Analysis Report
 
Calumet, Inc. (CLMT): Free Stock Analysis Report

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

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