Best Momentum Stock to Buy for Oct. 17th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, Oct. 17th:

Tesco TSCDY: This company, which is the UK’s largest retailer and one of the world’s leading international retailers, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days.

Tesco PLC Price and Consensus

Tesco PLC price-consensus-chart | Tesco PLC Quote

Tesco’s shares gained 8% over the last three month compared with the S&P 500’s gain of 5.2%. The company possesses a Momentum Score of A.

Tesco PLC Price

Tesco PLC price | Tesco PLC Quote

Grocery Outlet GO: This company, which is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products that are sold through a network of independently owned and operated stores, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.3% over the last 60 days.

Grocery Outlet Holding Corp. Price and Consensus

Grocery Outlet Holding Corp. price-consensus-chart | Grocery Outlet Holding Corp. Quote

Grocery Outlet’s shares gained 9.4% over the last three month compared with the S&P 500’s gain of 5.2%. The company possesses a Momentum Score of A.

Grocery Outlet Holding Corp. Price

Grocery Outlet Holding Corp. price | Grocery Outlet Holding Corp. Quote

ABB ABBNY: This leading technology company whose products and services are used in automated manufacturing, providing digital solutions, electrification of industry and transport and enhancing productivity, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

ABB Ltd Price and Consensus

ABB Ltd price-consensus-chart | ABB Ltd Quote

ABB’s shares gained 14.1% over the last three month compared with the S&P 500’s gain of 5.2%. The company possesses a Momentum Score of B.

ABB Ltd Price

ABB Ltd price | ABB Ltd Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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