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Top Ranked Momentum Stocks to Buy for October 5th

Zacks Equity Research
·3 min read

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 5th:

Big Lots, Inc. (BIG): This retailer in the United States has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.7% over the last 60 days.

Big Lots, Inc. Price and Consensus

Big Lots, Inc. Price and Consensus
Big Lots, Inc. Price and Consensus

Big Lots, Inc. price-consensus-chart | Big Lots, Inc. Quote

Big Lots’ shares gained 15.2% over the last one month compared to S&P 500’s fall of -1.2%. The company possesses a Momentum Score of A.

Big Lots, Inc. Price

Big Lots, Inc. Price
Big Lots, Inc. Price

Big Lots, Inc. price | Big Lots, Inc. Quote

Lithia Motors, Inc. (LAD): This automotive retailer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days.

Lithia Motors, Inc. Price and Consensus

Lithia Motors, Inc. Price and Consensus
Lithia Motors, Inc. Price and Consensus

Lithia Motors, Inc. price-consensus-chart | Lithia Motors, Inc. Quote

Lithia Motors shares gained 14% over the last one month. The company possesses a Momentum Score of B.

Lithia Motors, Inc. Price

Lithia Motors, Inc. Price
Lithia Motors, Inc. Price

Lithia Motors, Inc. price | Lithia Motors, Inc. Quote

Meridian Corporation (MRBK): This bank holding for Meridian Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.

Meridian Bank Price and Consensus

Meridian Bank Price and Consensus
Meridian Bank Price and Consensus

Meridian Bank price-consensus-chart | Meridian Bank Quote

Meridian's shares gained 8.3% over the last one month. The company possesses a Momentum Score of B.

Meridian Bank Price

Meridian Bank Price
Meridian Bank Price

Meridian Bank price | Meridian Bank Quote

FedEx Corporation (FDX): This provider of transportation, e-commerce, and business services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.7% over the last 60 days.

FedEx Corporation Price and Consensus

FedEx Corporation Price and Consensus
FedEx Corporation Price and Consensus

FedEx Corporation price-consensus-chart | FedEx Corporation Quote

FedEx's shares gained 15.1% over the last one month. The company possesses a Momentum Score of A.

FedEx Corporation Price

FedEx Corporation Price
FedEx Corporation Price

FedEx Corporation price | FedEx Corporation Quote

See the full list of top ranked stocks here

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

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


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
 
Meridian Bank (MRBK) : Free Stock Analysis Report
 
Lithia Motors, Inc. (LAD) : Free Stock Analysis Report
 
FedEx Corporation (FDX) : Free Stock Analysis Report
 
Big Lots, Inc. (BIG) : Free Stock Analysis Report
 
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Zacks Investment Research