Best Momentum Stocks to Buy for October 9th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 9th:

NETGEAR, Inc. NTGR: This computer networking company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 86.7% over the last 60 days.

NETGEAR, Inc. Price and Consensus

NETGEAR, Inc. price-consensus-chart | NETGEAR, Inc. Quote

NETGEAR’s shares gained 12.5% over the last three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score  of A.

NETGEAR, Inc. Price

NETGEAR, Inc. price | NETGEAR, Inc. Quote

Envela Corporation ELA: This recycling and recommerce services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.

Envela Corporation Price and Consensus

Envela Corporation price-consensus-chart | Envela Corporation Quote

Envela’s shares gained 17.3% over the past three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score of B.

Envela Corporation Price

Envela Corporation price | Envela Corporation Quote

Steelcase Inc. SCS: This furniture and architectural products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.

Steelcase Inc. Price and Consensus

Steelcase Inc. price-consensus-chart | Steelcase Inc. Quote

Steelcase’s shares gained 53.9% over the last three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score of B.

Steelcase Inc. Price

Steelcase Inc. price | Steelcase Inc. 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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