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Top Momentum Stocks to Consider for October 18th

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Top Momentum Stocks to Consider for October 18th

If you’re an investor looking for promising opportunities in the financial market, here are three stocks worth considering on October 18th:

APA Corporation (APA)

APA Corporation, an oil and gas company, has shown strong momentum and is currently ranked #1 by Zacks. In the last 60 days, the Zacks Consensus Estimate for its earnings this year has increased by 10.1%. APA Corporation’s stock has outperformed the S&P 500 with a gain of 12.3% in the past three months. With a Momentum Score of B, the company is positioned for further growth.

Marathon Oil Corporation (MRO)

Marathon Oil Corporation, an exploration and production company, also holds a Zacks Rank #1. The Zacks Consensus Estimate for its current year earnings has seen a significant increase of 13.9% in the last 60 days. Similar to APA Corporation, Marathon Oil Corporation’s stock has outperformed the market with a gain of 15.6% in the past three months. The company possesses a Momentum Score of A, indicating its strong potential for continued growth.

The Progressive Corporation (PGR)

For investors interested in the insurance sector, The Progressive Corporation is a standout choice. With a Zacks Rank #1, the company has seen a 5.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days. The Progressive Corporation’s stock has soared by an impressive 34.6% in the past three months, outperforming the S&P 500. With a Momentum Score of A, the company is well-positioned for further success.

These stocks present compelling opportunities for investors seeking high momentum and potential returns in the financial market. It’s important to conduct further research before making any investment decisions.

For the full list of top-ranked stocks and to understand how momentum scores are calculated, click here.

Looking for even more potential? Learn about a semiconductor stock that has significant room for growth. With strong earnings growth and a expanding customer base, this stock is well-positioned to benefit from the increasing demand for Artificial Intelligence, Machine Learning, and Internet of Things. Don’t miss out on this opportunity in the booming global semiconductor market. See this stock now for free.

For more investment recommendations from Zacks Investment Research, you can download 7 Best Stocks for the Next 30 Days here.

Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.