Top Momentum Stocks to Watch: ACT, CBOE, and KNF Shine on November 9th

For investors seeking strong momentum characteristics in the market, three stocks have recently earned distinguished spots on the momentum ranks this November 9th, boasting the Zacks Rank #1 (Strong Buy) status. These stocks are not just commanding attention for their solid financial performance, but also for their remarkable price momentum, making them compelling picks for investors looking to capitalize on current market trends.

Enact Holdings ACT Outshining Expectations

Enact Holdings, known by its ticker ACT, is a company that offers U.S. private mortgage insurance. In recent times, ACT has seen the Zacks Consensus Estimate for its current year earnings surge by 5.4% over the span of 60 days. This increase in earnings projections, alongside the stock’s price appreciation of 18.0% over the past six months—significantly overshadowing the S&P 500's 6.8% rise—highlights ACT's robust momentum. Furthermore, with a Momentum Score of A, this stock is on a positive trajectory that investors might want to watch closely.

CBOE - An Influential Player in Global Markets

The Cboe Global Markets, represented by the stock ticker CBOE, stands out as one of the largest stock exchange operators in the United States and a leading market for ETP trading on a global scale. The company's earnings forecasts have witnessed a healthy uptick of 3.8% over a 60-day period, a signal of its growing strength. CBOE’s shares have registered a remarkable 26.6% gain in the last six months, defying the S&P 500's comparative downturn of 6.8%. With a Momentum Score of B, CBOE merits investor attention as a leading entity in the dynamic world of stock exchanges and global trading platforms.

Knife River Corporation KNF - A Bedrock of Momentum

Knife River Corporation, trading as KNF, is firmly entrenched in the construction materials sector, sourcing aggregates and supplying a variety of related products like ready-mix concrete, asphalt, and other crucial construction materials. Headquartered in Bismarck, North Dakota, KNF has reported a substantial consensus estimate rise for its current year earnings by 30.2% in the previous two months. The company's stock performance is just as sturdy, with an increase of 59.8% over six months—a formidable show of momentum compared to the S&P 500’s lagging performance. Possessing a Momentum Score of B, KNF's uptrend may make it a strong contender for investors eyeing the construction sector.

Enact, Cboe, Knife