Today, October 14th, we highlight three stocks with a strong buy rating and notable momentum.
Top Stock Picks with Momentum for October
IAMGOLD Corporation Shines Bright
IAMGOLD Corporation (IAG) is an intermediate gold producer boasting a Zacks Rank #1. Over the past 60 days, the Zacks Consensus Estimate for its current year earnings has risen by 30.8%.
Price and Consensus Trends for IAMGOLD
IAMGOLD Corporation price-consensus-chart | IAMGOLD Corporation Quote
In the last three months, IAMGOLD’s shares have appreciated by 17.2%, significantly outperforming the S&P 500, which grew by 3.2%. The company holds a Momentum Score of A.
Current Price for IAMGOLD
IAMGOLD Corporation price | IAMGOLD Corporation Quote
DiaMedica Therapeutics’ Promising Outlook
DiaMedica Therapeutics Inc. (DMAC) is a clinical-stage biopharmaceutical company with a Zacks Rank #1. Its earnings estimate for the current year has climbed by 7.9% in the last two months.
Price and Consensus Trends for DiaMedica
DiaMedica Therapeutics, Inc. price-consensus-chart | DiaMedica Therapeutics, Inc. Quote
Recently, DiaMedica’s stock has surged by 18.7% in just three months, also outpacing the S&P 500’s gains of 3.2%. This company also possesses a Momentum Score of A.
Current Price for DiaMedica
DiaMedica Therapeutics, Inc. price | DiaMedica Therapeutics, Inc. Quote
HIVE Digital Technologies on the Rise
HIVE Digital Technologies Ltd. (HIVE), engaged in mining and selling digital currencies, also holds a Zacks Rank #1. Its earnings estimate for the current year has jumped by 47.2% over the last 60 days.
Price and Consensus Trends for HIVE Digital Technologies
HIVE Digital Technologies Ltd. price-consensus-chart | HIVE Digital Technologies Ltd. Quote
HIVE’s shares have appreciated by 17.8% over the past six months, which contrasts with the S&P 500’s rise of 14.9%. The company carries a Momentum Score of B.
Current Price for HIVE Digital Technologies
HIVE Digital Technologies Ltd. price | HIVE Digital Technologies Ltd. Quote
For a broader perspective, refer to the full list of top-ranked stocks here.
To learn more about the Momentum score and its calculation, follow the link.
7 Best Stocks for the Coming Month
Recently, experts have identified 7 exceptional stocks from the current Zacks Rank #1 Strong Buy listings. These stocks are expected to have rapid price increases.
Historical data shows that since 1988, these selections have doubled the market’s performance with an average annual gain of +23.7%. Given this record, these seven stocks merit your immediate attention.
IAMGOLD Corporation (IAG): Free Stock Analysis Report
HIVE Digital Technologies Ltd. (HIVE): Free Stock Analysis Report
DiaMedica Therapeutics, Inc. (DMAC): Free Stock Analysis Report
Read the full article on Zacks.com here.
The views and opinions expressed herein belong to the author and do not necessarily reflect the views of Nasdaq, Inc.
