Top Ranked Momentum Stocks to Buy for November 2nd
Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, November 2nd:
Merit Medical Systems, Inc. (MMSI): This disposable medical devices manufacturer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.5% over the last 60 days.
Merit Medical Systems, Inc. Price and Consensus
Merit Medical Systems, Inc. price-consensus-chart | Merit Medical Systems, Inc. Quote
Merit Medical Systems’ shares gained 17.1% over the last one month compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of B.
Merit Medical Systems, Inc. Price
Merit Medical Systems, Inc. price | Merit Medical Systems, Inc. Quote
MarineMax, Inc. (HZO): This recreational boat and yacht retailer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 44% over the last 60 days.
MarineMax, Inc. Price and Consensus
MarineMax, Inc. price-consensus-chart | MarineMax, Inc. Quote
MarineMax’s shares gained 13.3% over the last one month. The company possesses a Momentum Score of A.
MarineMax, Inc. Price
MarineMax, Inc. price | MarineMax, Inc. Quote
NIC Inc. (EGOV): This digital government services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.4% over the last 60 days.
NIC Inc. Price and Consensus
NIC Inc. price-consensus-chart | NIC Inc. Quote
NIC’s shares gained 12.8% over the last one month. The company possesses a Momentum Score of B.
NIC Inc. Price
NIC Inc. price | NIC Inc. Quote
Rocky Brands, Inc. (RCKY): This footwear and apparel manufacturer has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 42.4% over the last 60 days.
Rocky Brands, Inc. Price and Consensus
Rocky Brands, Inc. price-consensus-chart | Rocky Brands, Inc. Quote
Rocky Brands’ shares gained 7.5% over the last one month. The company possesses a Momentum Score of A.
Rocky Brands, Inc. Price
Rocky Brands, Inc. price | Rocky Brands, Inc. Quote
See the full list of top ranked stocks here.
Learn more about the Momentum score and how it is calculated here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Rocky Brands, Inc. (RCKY) : Free Stock Analysis Report
Merit Medical Systems, Inc. (MMSI) : Free Stock Analysis Report
MarineMax, Inc. (HZO) : Free Stock Analysis Report
NIC Inc. (EGOV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research