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Top Momentum Stocks to Watch on October 23rd

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Looking for the best momentum stocks to invest in? We’ve got you covered. In this article, we’ll discuss three stocks that not only have a strong momentum score but also offer excellent growth potential in the current market. If you’re an investor or trader interested in financial markets, keep reading to find out more.

Kinross Gold Corporation (KGC): Investing in Precious Metals

If you’re looking for a stable investment in the mining sector, Kinross Gold Corporation is worth considering. This gold mining company has been ranked #1 by Zacks and has seen a 2.6% increase in its earnings estimate for the current year over the last 60 days. Kinross Gold’s shares have gained 8.1% in the past three months, outperforming the S&P 500. With a solid momentum score of B, this stock has the potential to deliver strong returns.

Vertiv Holdings Co (VRT): Exploring Digital Infrastructure

Vertiv Holdings Co is a digital infrastructure solutions provider that is currently ranked #1 by Zacks. The company has seen a 0.6% increase in its earnings estimate for the current year in the last 60 days. Vertiv’s shares have surged by an impressive 42.5% in the past three months, surpassing the performance of the S&P 500. With a momentum score of A, Vertiv Holdings Co shows great potential for investors seeking digital infrastructure opportunities.

Enact Holdings, Inc. (ACT): Capitalizing on Mortgage Insurance

Enact Holdings, Inc. is a mortgage insurance company that has been ranked #1 by Zacks. Over the last 60 days, the company has witnessed a 0.5% increase in its earnings estimate for the current year. Enact Holdings’ shares have gained 1.3% in the past three months, bucking the trend of the S&P 500’s decline. With a momentum score of A, Enact Holdings is a promising stock to watch in the mortgage insurance industry.

Unlock the Potential of Momentum Stocks

Investing in momentum stocks can be a game-changer for your portfolio. These stocks have the potential to outperform the market and deliver substantial returns. If you’re eager to explore more top-ranked momentum stocks, you can access the full list right here. Don’t miss out on the opportunity to capitalize on the latest market trends and investment opportunities.

Learn More About Momentum Trading

If you’re new to momentum trading or want to enhance your understanding of this strategy, Zacks Investment Research provides valuable resources. Find out more about the momentum score and how it is calculated by visiting this page.

Start Investing in the Future

Are you ready to invest in the future? Zacks Senior Stock Strategist Kevin Cook has hand-picked five stocks with sky-high growth potential in the brilliant sector of Artificial Intelligence (AI). These stocks have the potential to make a significant impact on the AI industry, with a predicted economic impact of $15.7 trillion by 2030. Stay ahead of the curve and discover the wave of the future that will unlock limitless possibilities.

ChatGPT Stock Report Available for Free Download

Download the free ChatGPT Stock Report right now and gain access to essential insights and analysis on AI-focused stocks. Take advantage of automation and stay informed about the latest technological advancements and market trends within the Artificial Intelligence sector.

Stay Informed with Zacks Investment Research

For the latest recommendations and market insights, don’t forget to download the “7 Best Stocks for the Next 30 Days” report from Zacks Investment Research. Get exclusive access to expert analysis and make informed investment decisions to maximize your returns.


Please note that the views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.

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