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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Best Momentum Stocks to Buy for November 1st

Zacks Equity Research
·2 min read

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 1st:

Patterson-UTI Energy, Inc. PTEN: This onshore contract drilling company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.9% over the last 60 days.

PattersonUTI Energy, Inc. Price and Consensus

PattersonUTI Energy, Inc. Price and Consensus
PattersonUTI Energy, Inc. Price and Consensus

PattersonUTI Energy, Inc. price-consensus-chart | PattersonUTI Energy, Inc. Quote

Patterson-UTI’s shares gained 7.6% over the last three months compared with the S&P 500’s decline of 5.8%. The company possesses a Momentum Score of A.

PattersonUTI Energy, Inc. Price

PattersonUTI Energy, Inc. Price
PattersonUTI Energy, Inc. Price

PattersonUTI Energy, Inc. price | PattersonUTI Energy, Inc. Quote

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Industrias Bachoco, S.A.B. de C.V. IBA: This poultry producer from Mexico has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.

Industrias Bachoco, S.A. de C.V. Price and Consensus

Industrias Bachoco, S.A. de C.V. Price and Consensus
Industrias Bachoco, S.A. de C.V. Price and Consensus

Industrias Bachoco, S.A. de C.V. price-consensus-chart | Industrias Bachoco, S.A. de C.V. Quote

Industrias Bachoco’s shares gained 11% over the last three months compared with the S&P 500’s decline of 5.8%. The company possesses a Momentum Score of A.

Industrias Bachoco, S.A. de C.V. Price

Industrias Bachoco, S.A. de C.V. Price
Industrias Bachoco, S.A. de C.V. Price

Industrias Bachoco, S.A. de C.V. price | Industrias Bachoco, S.A. de C.V. Quote

Nutanix, Inc. NTNX: This enterprise cloud platform company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 135.9% over the last 60 days.

Nutanix Price and Consensus

Nutanix Price and Consensus
Nutanix Price and Consensus

Nutanix price-consensus-chart | Nutanix Quote

Nutanix’s shares gained 80.1% over the last three months compared with the S&P 500’s decline of 5.8%. The company possesses a Momentum Score of B.-

Nutanix Price

Nutanix Price
Nutanix Price

Nutanix price | Nutanix Quote

 

See the full list of top ranked stocks here

 

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


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
PattersonUTI Energy, Inc. (PTEN) : Free Stock Analysis Report
 
Nutanix (NTNX) : Free Stock Analysis Report
 
Industrias Bachoco, S.A. de C.V. (IBA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research