Zacks Flags Three Momentum Stocks for October 13

Zacks Investment Research identified three stocks with buy ranks and strong momentum characteristics for investors to consider on October 13. The selection includes Repsol, S.A., Target Corporation, and Calumet, Inc. Each company holds a Zacks Rank #1, indicating a strong buy signal based on the firm's analysis. The report highlights specific earnings estimate revisions and price performance metrics to justify these recommendations. Repsol, S.A. (REPYY) is a multi-energy company that has seen the Zacks Consensus Estimate for its current year earnings increase by 23.3% over the last 60 days. During the same period, Repsol's shares gained 16.4%, contrasting with the S&P 500's decline of 3.8%. The company maintains a Momentum Score of A. Target Corporation (TGT) is a retail company with a Zacks Rank #1. The Zacks Consensus Estimate for Target's current year earnings rose by 24.3% over the last 60 days. Target's shares gained 15.5% over the last three months, while the S&P 500 declined by 3.8%. The company also possesses a Momentum Score of A. Calumet, Inc. (CLMT) is a specialty chemicals and renewable fuels company that holds a Zacks Rank #1. The Zacks Consensus Estimate for its current year earnings increased by 8.6% over the last 60 days. Calumet's shares gained 44.5% over the last three months, compared with the S&P 500's decline of 3.8%. The company has a Momentum Score of B.