Best Momentum Stocks to Buy for October 9th

SCS NTGR ELA

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 9th:

NETGEAR, Inc. (NTGR - Free Report) : This computer networking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 86.7% over the last 60 days.

NETGEAR’s shares gained 12.5% over the last three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score  of A.

Envela Corporation (ELA - Free Report) : This recycling and recommerce services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.

Envela’s shares gained 17.3% over the past three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score of B.

Steelcase Inc. (SCS - Free Report) : This furniture and architectural products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Steelcase’s shares gained 53.9% over the last three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score of B.

 

See the full list of top ranked stocks here

 

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