Best Momentum Stocks to Buy for October 7th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 7th:

eGain Corporation EGAN: This company that provides an AI-powered knowledge hub designed to automate and enhance customer experiences has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.2% over the last 60 days.

eGain’s shares gained 51.4% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score  of A.

StoneCo Ltd. STNE: This fin-tech company that provides software solutions has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.

StoneCo’s shares gained 9.7% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score of A.

Alignment Healthcare, Inc. ALHC: This healthcare platform for seniors has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.3% over the last 60 days.

Alignment Healthcare’s shares gained 24.8% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score of A.

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 handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.

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.

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

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research