Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 12th:

Ring Energy, Inc.


REI

: This exploration and production company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.

Ring Energy’s shares gained 49.6% over the last one month against the S&P 500’s decline of 2.5%. The company possesses a

Momentum Score

of A.

Ovintiv Inc.


OVV

: This company that engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 36.5% over the last 60 days.

Ovintiv’s shares gained 27.4% over the last one month. The company possesses a Momentum Score of A.

Earthstone Energy


, Inc.


ESTE

: This independent oil and gas company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.

Earthstone Energy’s shares gained 30% over the last one month. The company possesses a Momentum Score of A.

Westlake Chemical Corporation


WLK

: This company that manufactures and markets basic chemicals, vinyls, polymers, and building products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.

Westlake Chemical’s shares gained 14.5% over the last one month. The company possesses a Momentum Score of A.

See the


full list of top ranked stocks here

Learn more about the


Momentum score and how it is calculated here


.

Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

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Zacks’ Marijuana Moneymakers

:

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