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Top Momentum Stocks to Consider for October 13th

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Looking for promising stocks to add to your portfolio? Here are three stocks that are showing strong momentum and have a buy ranking. These stocks may be worth considering:

Matrix Service Company (MTRX)

Matrix Service Company provides fabrication, engineering, construction, and maintenance services. It has a Zacks Rank #1 and its current year earnings estimate has increased by 285.7% in the last 60 days.

Matrix’s shares have gained 98% in the last three months, outperforming the S&P 500 which has declined by 2.3%. The company has a strong Momentum Score of A.

Par Pacific Holdings, Inc. (PARR)

Par Pacific Holdings is an energy and infrastructure business. It has a Zacks Rank #1 and its current year earnings estimate has increased by 41.2% in the last 60 days.

Par Pacific’s shares have gained 22.1% in the last three months, while the S&P 500 has declined by 2.3%. The company also has a Momentum Score of A.

Diamondback Energy, Inc. (FANG)

Diamondback Energy is an independent oil and natural gas company. It has a Zacks Rank #1 and its current year earnings estimate has increased by 5.6% in the last 60 days.

Diamondback’s shares have gained 19.8% in the last three months, outperforming the S&P 500 which has declined by 2.3%. The company also has a Momentum Score of A.

These stocks show strong momentum and have favorable rankings. However, it’s important to conduct your own research and consider your investment strategy before making any decisions.

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