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Best Momentum Stocks to Buy for October 3rd

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 3rd:

Coastal Financial Corporation CCB: This bank holding company for Coastal Community Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 19.7% over the last 60 days.

Coastal Financial’s shares gained 2.4% over the last three months compared with the S&P 500’s decline of 6.3%. The company possesses a Momentum Score of A.

Now Inc. DNOW: This distributor of downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.2% over the last 60 days.

NOW Inc. Price and Consensus

NOW Inc. price-consensus-chart | NOW Inc. Quote

Now’s shares gained 3.6% over the last three months compared with the S&P 500’s decline of 6.3%. The company possesses a Momentum Score of B.

Jabil Inc. JBL: This company which provides manufacturing services and solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its next year earnings increasing 3.1% over the last 60 days.

Jabil, Inc. Price and Consensus

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

Jabil’s shares gained 13% over the last three months compared with the S&P 500’s decline of 6.3%. The company possesses a Momentum Score of A.

 

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 +24.8% 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
 
Jabil, Inc. (JBL): Free Stock Analysis Report
 
NOW Inc. (DNOW): Free Stock Analysis Report
 
Coastal Financial Corporation (CCB): Free Stock Analysis Report
 
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