Best Momentum Stock to Buy for Oct. 13th

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, Oct. 13th:

Wayfair W: This company, which is one of the world's leading online sellers of home goods products, consisting of furniture and home decor, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.

Wayfair Inc. Price and Consensus

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

Wayfair's shares gained 32.8% over the last three month compared with the S&P 500’s gain of 4.5%. The company possesses a Momentum Score of A.

Wayfair Inc. Price

Wayfair Inc. price | Wayfair Inc. Quote

Richardson Electronics RELL: This company, which is a global provider of engineered solutions for its customers' needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 52.9% over the last 60 days.

Richardson Electronics, Ltd. Price and Consensus

Richardson Electronics, Ltd. price-consensus-chart | Richardson Electronics, Ltd. Quote

Richardson Electronics' shares gained 14.2% over the last three month compared with the S&P 500’s gain of 4.5%. The company possesses a Momentum Score of A.

Richardson Electronics, Ltd. Price

Richardson Electronics, Ltd. price | Richardson Electronics, 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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