Insightful October Picks in Momentum Stocks Insightful October Picks in Momentum Stocks

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By Ronald Tech

As October 3 rolls in, investors seek potent opportunities in the stock market. Let’s delve into three promising stocks that have caught the attention of many with their robust momentum:

TransMedics Group, Inc. TMDX: This medical technology firm boasts a Zacks Rank #1, witnessing an impressive 11.8% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days.

TransMedics Group, Inc. Performance Overview

TransMedics has seen its shares soar by 86.0% in the last half-year, leaving the S&P 500’s 10.9% rise in the dust. The company’s Momentum Score of A cements its position as a strong contender.

TransMedics Group, Inc. Position in the Market

Carnival Corporation & plc CCL: Leading the leisure travel sector, Carnival Corporation holds a Zacks Rank #1. With a substantial 7.6% increase in the Zacks Consensus Estimate for its current year earnings within the previous 60 days, the firm is making waves.

Carnival Corporation Evaluation Highlights

Over the past six months, Carnival Corporation & plc has outshone the S&P 500 with a remarkable 17.6% leap. Its Momentum Score of A indicates a firm footing in the market.

Exploring Community Financial System, Inc.

Community Financial System, Inc. CBU: Operating as a bank holding company, Community Financial System stands strong with a Zacks Rank #1. The company witnessed a healthy 3.9% surge in the Zacks Consensus Estimate for its current year earnings over the last two months.

Community Financial System Market Position

In the past quarter, Community Financial System’s shares have surged by 24.0%, leaving the S&P 500’s 3.1% increase lagging behind. With a Momentum Score of B, the company continues to make a mark.

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Find the full list of top-ranked stocks here.

 

For in-depth insights into momentum trading and its calculation, you can learn more here.

Stocks Set to Double: A Glimpse into the Future

Discover five handpicked stocks projected to double by 2024. Zacks experts have previously recommended stocks that skyrocketed by +143.0%, +175.9%, +498.3%, and +673.0%. Many high-potential stocks still fly under Wall Street’s radar, presenting a golden opportunity for savvy investors to get in early.

Don’t Miss Out on These Potential Home Runs >>

Stay informed with the latest analysis from Zacks Investment Research. Access a Free Stock Analysis Report of Carnival Corporation (CCL) and Community Financial System, Inc. (CBU) today.

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