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Top Ranked Momentum Stocks to Buy for October 8th

Zacks Equity Research

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 8th:

Danaos Corporation (DAC): This shipping company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.

Danaos Corporation Price and Consensus

Danaos Corporation Price and Consensus

Danaos Corporation price-consensus-chart | Danaos Corporation Quote

Danaos’ shares gained 30.2% over the last one month more than S&P 500’s decline of 1.3%. The company possesses a Momentum Score of A.

Danaos Corporation Price

Danaos Corporation Price

Danaos Corporation price | Danaos Corporation Quote

The Meet Group, Inc. (MEET): This operator of entertainment applications has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.

MeetMe, Inc. Price and Consensus

MeetMe, Inc. Price and Consensus

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

The Meet Group’s shares gained 25.5% over the last one month. The company possesses a Momentum Score of A.

MeetMe, Inc. Price

MeetMe, Inc. Price

MeetMe, Inc. price | MeetMe, Inc. Quote

Mesoblast Limited (MESO): This regenerative medicine company has a Zacks Rank #2 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.7% over the last 60 days.

Mesoblast Limited Price and Consensus

Mesoblast Limited Price and Consensus

Mesoblast Limited price-consensus-chart | Mesoblast Limited Quote

Mesoblast’s shares gained 30.4% over the last one month. The company possesses a Momentum Score of A.

Mesoblast Limited Price

Mesoblast Limited Price

Mesoblast Limited price | Mesoblast Limited Quote

See the full list of top ranked stocks here

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

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Mesoblast Limited (MESO) : Free Stock Analysis Report
 
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