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Best Momentum Stocks to Buy for October 17th

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 17th:

The Progressive Corporation (PGR - Free Report) : This property-casualty insurance products and related services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.

Progressive’s shares gained 13.7% over the last three months compared with the S&P 500’s advance of 5.3%. The company possesses a Momentum Score  of A.

Carvana Co. (CVNA - Free Report) : This e-commerce platform for buying and selling cars has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Carvana Co. Price and Consensus

Carvana Co. Price and Consensus

Carvana Co. price-consensus-chart | Carvana Co. Quote

Carvana’s shares gained 49.7% over the last three months compared with the S&P 500’s advance of 5.3%. The company possesses a Momentum Score of B.

Nexxen International Ltd. (NEXN - Free Report) : This company that provides an end-to-end software platform has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 46.9% over the last 60 days.

Nexxen’s shares gained 28% over the last three months compared with the S&P 500’s advance of 5.3%. 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.


See More Zacks Research for These Tickers


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The Progressive Corporation (PGR) - free report >>

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