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Best Momentum Stock to Buy for October 2nd
ZACKS· 2025-10-02 15:01
Core Insights - Three stocks are highlighted with strong buy rankings and momentum characteristics for investors to consider on October 2nd: Robinhood Markets, Futu Holdings, and TD SYNNEX CORP [1][2][3][4] Company Summaries Robinhood Markets (HOOD) - The company offers trading services in crypto, stocks, options, ETFs, cash management, margin and securities lending, and Robinhood Gold [1] - It has a Zacks Rank of 1 (Strong Buy) and the Zacks Consensus Estimate for its current year earnings increased by 7.9% over the last 60 days [1] - Shares gained 42.1% over the last three months compared to the S&P 500's gain of 7.8% [2] - The company possesses a Momentum Score of A [2] Futu Holdings (FUTU) - This technology company provides a digitized brokerage platform and is primarily engaged in online brokerage services and margin financing [2] - It has a Zacks Rank of 1 and the Zacks Consensus Estimate for its current year earnings increased by 17.6% over the last 60 days [2] - Shares gained 46.6% over the last three months compared to the S&P 500's gain of 7.8% [3] - The company possesses a Momentum Score of A [3] TD SYNNEX CORP (SNX) - The company is a leading global IT distributor and solutions aggregator, providing a comprehensive range of technology distribution, logistics, and integration services [3] - It has a Zacks Rank of 1 and the Zacks Consensus Estimate for its current year earnings increased by 4.7% over the last 60 days [3] - Shares gained 18.4% over the last three months compared to the S&P 500's gain of 7.8% [4] - The company possesses a Momentum Score of A [4]
Hot stocks: Canada’s top performers in Q3 2025
MoneySense· 2025-10-02 04:56
Group 1: Stock Performance - Bitfarms Ltd. was the top-performing stock with a 247.8% return over 90 days ending September 30, followed by Curaleaf Holdings Inc. at 233% and Energy Fuels Inc. at 171.5% [1][3] - The S&P/TSX Composite index gained 11.8% during the same period, with a total return of 12.5% including dividends, outperforming the S&P 500 which returned 7.8% [2] Group 2: Sector Highlights - Notable sectors contributing to stock performance included technology, cannabis, uranium, fast fashion, and gold, indicating a preference for riskier investments [3] - Bitfarms' growth was attributed to rising bitcoin values and increased demand for data centers driven by the AI boom, with a reported 87% year-over-year revenue increase in Q2 [3] - Curaleaf's stock was positively impacted by its inclusion in the S&P/TSX Composite and supportive social media posts from U.S. President Donald Trump regarding cannabis legalization [4] Group 3: Company Insights - Energy Fuels' growth was fueled by rising uranium prices and U.S. government initiatives to enhance nuclear energy supply chains, alongside its involvement in rare earth elements [5] - Cresco Labs Inc. emerged as a top performer, starting the quarter as a penny stock, highlighting the volatility and potential in the cannabis sector [3] Group 4: Momentum Investing - The article notes that a strong performance over a short period does not guarantee future gains, especially for smaller or unprofitable companies in volatile sectors, but momentum investing has historically shown positive results [5][6] - There is no consensus on the optimal holding period for stocks to continue appreciating, with opinions varying from a few months to over a year [5]
Steelcase (SCS) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2025-10-01 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Investors following momentum investing tend to avoid undervalued stocks, believing that quicker profits can be made from trending stocks [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: Stock Analysis - Steelcase (SCS) - Steelcase (SCS) has shown a price increase of 2.6% over the past four weeks, indicating growing investor interest [3] - The stock has gained 61.5% over the past 12 weeks, demonstrating strong long-term momentum [4] - SCS has a beta of 1.26, suggesting it moves 26% more than the market in either direction, indicating fast-paced momentum [4] - SCS has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [6] - SCS is trading at a Price-to-Sales ratio of 0.61, indicating it is reasonably valued at 61 cents for each dollar of sales [6] Group 3: Investment Opportunities - In addition to SCS, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on various investing styles [8]
PagSeguro Digital (PAGS) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2025-10-01 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [3] Group 2: PagSeguro Digital Ltd. (PAGS) Analysis - PAGS has shown a price increase of 10.9% over the past four weeks, indicating growing investor interest [4] - The stock gained 8.6% over the past 12 weeks and has a beta of 1.57, suggesting it moves 57% more than the market [5] - PAGS has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - PAGS is trading at a Price-to-Sales ratio of 0.95, suggesting it is undervalued at 95 cents for each dollar of sales [7] Group 3: Investment Opportunities - PAGS is highlighted as a strong candidate for investment, with potential for significant price movement [8] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, offering further investment opportunities [8]
Here Is Why Bargain Hunters Would Love Fast-paced Mover Brunswick (BC)
ZACKS· 2025-09-30 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Brunswick (BC) Stock Analysis - Brunswick (BC) has shown a price increase of 0.9% over the past four weeks, indicating growing investor interest [3] - Over the past 12 weeks, BC's stock gained 10.3%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - BC has a beta of 1.36, suggesting it moves 36% higher than the market in either direction, indicating fast-paced momentum [4] - BC has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investors [6] - BC is trading at a Price-to-Sales ratio of 0.82, indicating it is reasonably valued at 82 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides BC, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [8]
Bancolombia (CIB) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-09-29 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Bancolombia (CIB) - Bancolombia currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4]. - The stock has shown significant price appreciation, with a 12.67% increase over the past quarter and a remarkable 62.43% rise over the last year, compared to the S&P 500's 8.48% and 16.96% increases, respectively [7]. Price Performance - Over the past week, CIB shares increased by 0.1%, while the Zacks Banks - Foreign industry experienced a decline of 0.1% [6]. - The monthly price change for CIB is 2.91%, outperforming the industry average of 2.52% [6]. Trading Volume - CIB's average 20-day trading volume is 330,525 shares, which serves as a useful indicator of market interest and price movement [8]. Earnings Outlook - Recent earnings estimate revisions for CIB have been positive, with two estimates moving higher for the current fiscal year, raising the consensus estimate from $6.42 to $6.87 [10]. - For the next fiscal year, two estimates have also increased, with no downward revisions noted [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, CIB is positioned as a solid momentum pick for investors seeking short-term gains [12].
What Makes TD SYNNEX (SNX) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-09-29 17:01
Company Overview - TD SYNNEX (SNX) currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [3][12] - The company has a Zacks Rank of 2 (Buy), which is supported by a strong track record of outperformance when combined with a Momentum Style Score of "A or B" [4] Price Performance - Over the past week, SNX shares have increased by 9.68%, while the Zacks Electronics - Miscellaneous Products industry remained flat [6] - In a longer time frame, SNX's monthly price change is 11.1%, outperforming the industry's 4.01% [6] - For the past quarter, SNX shares have risen by 17.32%, and over the last year, they have gained 37.46%, compared to the S&P 500's increases of 8.48% and 16.96%, respectively [7] Trading Volume - The average 20-day trading volume for SNX is 852,090 shares, which serves as a bullish indicator when the stock is rising with above-average volume [8] Earnings Outlook - In the past two months, one earnings estimate for SNX has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $12.11 to $12.13 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]
Roku (ROKU) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2025-09-29 14:51
Core Insights - Zacks Premium provides various tools to enhance stock market investment confidence and knowledge [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with high potential for market outperformance [3][8] Zacks Style Scores - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each rated from A to F based on specific investment characteristics [4][5][6][7] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [4] - Growth Score emphasizes a company's financial health and future growth potential based on earnings and sales projections [5] - Momentum Score assesses stocks based on price trends and earnings estimate changes, indicating optimal times for investment [6] - VGM Score combines all three styles to highlight stocks with the best value, growth, and momentum characteristics [7] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in stock selection [8] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +23.64% since 1988, significantly outperforming the S&P 500 [9] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment success [10] Stock Example: Roku - Roku is identified as a leading TV streaming platform in North America, currently holding a Zacks Rank of 3 (Hold) with a VGM Score of B [12] - The stock has a Momentum Style Score of B, with a recent price increase of 3.2% over the past four weeks [12] - Analysts have revised Roku's earnings estimate upwards, with the Zacks Consensus Estimate increasing by $0.29 to $0.12 per share, and the company has an average earnings surprise of +75.4% [13]
Why General Dynamics (GD) is a Top Growth Stock for the Long-Term
ZACKS· 2025-09-29 14:45
Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] Zacks Style Scores - Zacks Style Scores are indicators that assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum [2] - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Score identifies attractive and discounted stocks using ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Score evaluates stocks based on projected and historical earnings, sales, and cash flow to identify sustainable growth opportunities [4] Momentum Score - The Momentum Score leverages price trends and earnings estimate changes to indicate optimal times for investing in high-momentum stocks [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for evaluating stocks based on value, growth, and momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.64% since 1988 [7][8] Stock Selection Strategy - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while 3 (Hold) ranked stocks should also have A or B Scores for potential upside [10] - Stocks with lower ranks (4 or 5) should be approached cautiously, even if they have high Style Scores, due to the risk of declining earnings outlooks [11] Company Spotlight: General Dynamics - General Dynamics Corporation, headquartered in Falls Church, VA, operates in mission-critical information systems, combat vehicles, shipbuilding, and business aviation [12] - The company holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Growth Style Score of B, indicating an expected year-over-year earnings growth of 11.5% for the current fiscal year [12][13] - Recent upward revisions in earnings estimates and a positive earnings surprise average of +1.2% position General Dynamics as a potential growth investment [13]
Despite Fast-paced Momentum, Enerflex (EFXT) Is Still a Bargain Stock
ZACKS· 2025-09-29 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Enerflex (EFXT) Analysis - Enerflex (EFXT) has shown a four-week price change of 8.9%, indicating growing investor interest [4] - Over the past 12 weeks, EFXT has gained 35.5%, with a beta of 2.01, suggesting it moves significantly more than the market [5] - EFXT has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - EFXT has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - The stock is currently trading at a Price-to-Sales ratio of 0.58, indicating it is undervalued at 58 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides EFXT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help identify winning stock picks based on various investing styles [9]