U.S. markets closed
  • S&P 500

    3,841.94
    +73.47 (+1.95%)
     
  • Dow 30

    31,496.30
    +572.16 (+1.85%)
     
  • Nasdaq

    12,920.15
    +196.68 (+1.55%)
     
  • Russell 2000

    2,192.21
    +45.29 (+2.11%)
     
  • Crude Oil

    66.28
    +2.45 (+3.84%)
     
  • Gold

    1,698.20
    -2.50 (-0.15%)
     
  • Silver

    25.30
    -0.17 (-0.65%)
     
  • EUR/USD

    1.1925
    -0.0054 (-0.45%)
     
  • 10-Yr Bond

    1.5540
    +0.0040 (+0.26%)
     
  • GBP/USD

    1.3827
    -0.0067 (-0.48%)
     
  • USD/JPY

    108.2450
    +0.2690 (+0.25%)
     
  • BTC-USD

    47,659.41
    +284.98 (+0.60%)
     
  • CMC Crypto 200

    982.93
    +39.75 (+4.21%)
     
  • FTSE 100

    6,630.52
    -20.36 (-0.31%)
     
  • Nikkei 225

    28,864.32
    -65.78 (-0.23%)
     

Top Ranked Momentum Stocks to Buy for October 16th

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·3 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 16th:

Quidel Corporation (QDEL): This developer, manufacturer, and marketer of diagnostic testing solutions has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 24% over the last 60 days.

Quidel Corporation Price and Consensus

Quidel Corporation Price and Consensus
Quidel Corporation Price and Consensus

Quidel Corporation price-consensus-chart | Quidel Corporation Quote

 

Quidel’s shares gained 63.8% over the last one month compared with the S&P 500’s growth of 2.4%. The company possesses a Momentum Score of A.

Quidel Corporation Price

Quidel Corporation Price
Quidel Corporation Price

Quidel Corporation price | Quidel Corporation Quote

 

Group 1 Automotive, Inc. (GPI): This company that sells new and used cars, light trucks, and vehicle parts has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.9% over the last 60 days.

Group 1 Automotive, Inc. Price and Consensus

Group 1 Automotive, Inc. Price and Consensus
Group 1 Automotive, Inc. Price and Consensus

Group 1 Automotive, Inc. price-consensus-chart | Group 1 Automotive, Inc. Quote

 

Group 1 Automotive’s shares gained 33.6% over the last one month. The company possesses a Momentum Score of A.

Group 1 Automotive, Inc. Price

Group 1 Automotive, Inc. Price
Group 1 Automotive, Inc. Price

Group 1 Automotive, Inc. price | Group 1 Automotive, Inc. Quote

 

Ampco-Pittsburgh Corporation (AP): This manufacturer and seller of custom designed engineering products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

AmpcoPittsburgh Corporation Price and Consensus

AmpcoPittsburgh Corporation Price and Consensus
AmpcoPittsburgh Corporation Price and Consensus

AmpcoPittsburgh Corporation price-consensus-chart | AmpcoPittsburgh Corporation Quote

 

Ampco-Pittsburgh Corp’s shares gained 37.1% over the last one month. The company possesses a Momentum Score of A.

AmpcoPittsburgh Corporation Price

AmpcoPittsburgh Corporation Price
AmpcoPittsburgh Corporation Price

AmpcoPittsburgh Corporation price | AmpcoPittsburgh Corporation Quote

 

Worthington Industries, Inc. (WOR): This metals manufacturing company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 25.8% over the last 60 days.

Worthington Industries, Inc. Price and Consensus

Worthington Industries, Inc. Price and Consensus
Worthington Industries, Inc. Price and Consensus

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

 

Worthington Industries’ shares gained 16.9% over the last one month. The company possesses a Momentum Score of A.

Worthington Industries, Inc. Price

Worthington Industries, Inc. Price
Worthington Industries, Inc. Price

Worthington Industries, Inc. price | Worthington Industries, Inc. Quote

 

See the full list of top ranked stocks here.

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

Legal Marijuana: An Investor’s Dream

Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027. 

Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.

Download Marijuana Moneymakers FREE >>


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
 
Worthington Industries, Inc. (WOR) : Free Stock Analysis Report
 
Quidel Corporation (QDEL) : Free Stock Analysis Report
 
Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report
 
AmpcoPittsburgh Corporation (AP) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research