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Top Ranked Momentum Stocks to Buy for October 8th

MUR, CNXC, ESI, and AHH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 8, 2021.

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This story originally appeared on Zacks

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 8th:

- Zacks

Murphy Oil Corporation MUR: This oil and natural gas exploration and production company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18% over the last 60 days.

 

Murphy Oil’s shares gained 37.1% over the last one month against the S&P 500’s decline of 2.3%. The company possesses a Momentum Score of A.

 

Concentrix Corporation CNXC: This company that provides technology-infused customer experience solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

 

Concentrix’s shares gained 4.3% over the last one month. The company possesses a Momentum Score of A.

 

Element Solutions Inc ESI: This company that develops, formulates, and sells various specialty chemicals has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.

 

Element Solutions’ shares gained 5.8% over the last one month. The company possesses a Momentum Score of B.

 

Armada Hoffler Properties, Inc. AHH: This company that vertically-integrated, self-managed real estate investment trust has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

 

Armada Hoffler Properties’ shares gained 2.7% over the last one month. 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.



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Element Solutions Inc. (ESI): Free Stock Analysis Report

 

Murphy Oil Corporation (MUR): Free Stock Analysis Report

 

Armada Hoffler Properties, Inc. (AHH): Free Stock Analysis Report

 

Concentrix Corporation (CNXC): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research