Best Momentum Stock to Buy for October 1st

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 1st:

Gold Fields Limited GFI: This technology company which is one of the world's largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Gold Fields Limited Price and Consensus

Gold Fields Limited price-consensus-chart | Gold Fields Limited Quote

Gold Fields Limited's shares gained 78.3% over the last three month compared with the S&P 500’s gain of 7.8%. The company possesses a Momentum Score of A.

Gold Fields Limited Price

Gold Fields Limited price | Gold Fields Limited Quote

Western Digital WDC: This company which is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

Western Digital Corporation Price and Consensus

Western Digital Corporation price-consensus-chart | Western Digital Corporation Quote

Western Digital's shares gained 88.3% over the last three month compared with the S&P 500’s gain of 7.8%. The company possesses a Momentum Score of A.

Western Digital Corporation Price

Western Digital Corporation price | Western Digital Corporation Quote

StoneCo STNE: This financial technology solutions company which offers end-to-end cloud-based technology platform to conduct electronic commerce, across in-store, online and mobile channels, 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 Ltd. Price and Consensus

StoneCo Ltd. price-consensus-chart | StoneCo Ltd. Quote

StoneCo’s shares gained 17.2% over the last three month compared with the S&P 500’s gain of 7.8%. The company possesses a Momentum Score of A.

StoneCo Ltd. Price

StoneCo Ltd. price | StoneCo Ltd. Quote

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

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