On October 18th, investors may want to keep an eye on these three strong-performing stocks with excellent momentum:
Top 3 Strong Buy Stocks to Watch: Zoom, HashiCorp, and Madison Square Garden
Zoom Video Communications, Inc. (ZM)
Zoom Video Communications, Inc. (ZM): The popular communications platform has a Zacks Rank #1. Over the past 60 days, the Zacks Consensus Estimate for its current year earnings rose by 5.2%.
Zoom’s Price and Consensus Trends
View Zoom’s price-consensus chart | Zoom Video Communications, Inc. Quote
In the last three months, Zoom’s shares have surged by 19.3%, significantly outperforming the S&P 500, which increased by only 6%. This stock holds a Momentum Score of A.
Zoom’s Current Price
View Zoom’s current price | Zoom Video Communications, Inc. Quote
HashiCorp, Inc. (HCP)
HashiCorp, Inc. (HCP): This company provides multi-cloud infrastructure automation solutions and also currently holds a Zacks Rank #1. Its earnings estimate for this year soared by 92.9% in the past two months.
HashiCorp’s Price and Consensus Trends
View HashiCorp’s price-consensus chart | HashiCorp, Inc. Quote
HashiCorp’s stock increased by 41% in the last six months, well ahead of the S&P 500’s 17.6% gain. The stock has a Momentum Score of B.
HashiCorp’s Current Price
View HashiCorp’s current price | HashiCorp, Inc. Quote
Madison Square Garden Entertainment Corp. (MSGE)
Madison Square Garden Entertainment Corp. (MSGE): This live entertainment giant boasts a Zacks Rank #1 as well, with its earnings forecast raising by 3.8% in the last two months.
Madison Square Garden’s Price and Consensus Trends
View Madison Square Garden’s price-consensus chart | MSGE Quote
The company’s shares rose by 15.4% over the past three months, compared to a 6% increase in the S&P 500. Madison Square Garden also holds a Momentum Score of B.
Madison Square Garden’s Current Price
View Madison Square Garden’s current price | Madison Square Garden Entertainment Corp. Quote
Discover the full list of top-ranked stocks here.
Want to understand more about the Momentum Score and how it’s calculated?
Experts Recommend 7 Top Stocks for the Next Month
Newly released: Financial experts highlight 7 top stocks from a list of 220 Zacks Rank #1 Strong Buys. They predict these companies have the potential for quick price increases.
Since 1988, these selected stocks have outperformed the market more than twice, achieving an average return of +23.7% each year. Investors should pay close attention to these choices.
HashiCorp, Inc. (HCP): Access Free Stock Analysis Report
Zoom Video Communications, Inc. (ZM): Access Free Stock Analysis Report
Madison Square Garden Entertainment Corp. (MSGE): Access Free Stock Analysis Report
For more details, visit Zacks.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
