An analysis of momentum investing strategy identifies four stocks trading near their 52-week highs with strong earnings growth and undervalued metrics. HPE, ARW, KSS, and GCT are highlighted as having potential for continued upside, supported by positive catalysts, robust guidance, and consistent earnings surprises.

GigaCloud Technology Inc. (GCT) declined 1.23% to $57.03, underperforming the S&P 500's 0.02% loss. Despite the daily decline, the stock has gained 9.48% over the past month. Analysts project strong earnings growth of 29.29% YoY and revenue growth of 18.69% YoY for the upcoming quarter. GCT holds a Zacks Rank #1 (Strong Buy) rating with a Forward P/E of 11.74, trading at a discount to its industry average of 15.64.

GigaCloud Technology Inc. (GCT) has been heavily searched on Zacks.com and shows strong performance metrics. The stock returned +9.5% over the past month, outperforming the S&P 500's +2.1% gain. The company has a Zacks Rank #1 (Strong Buy) rating due to significant upward earnings estimate revisions. Current quarter EPS is expected at $1.28 (+29.3% YoY), with full-year earnings projected at $4.92 (+37.1% YoY). The company has consistently beaten consensus estimates over the trailing four quarters and is trading at a discount to peers with a B valuation grade.

Zacks highlights three Technology Services stocks poised for growth despite the industry facing near-term headwinds. Coherent, GigaCloud Technology, and ScanSource are positioned to benefit from rising AI infrastructure investments, digital transformation, and increasing demand for technology solutions. All three companies hold Zacks Rank #1 (Strong Buy) ratings with strong recent performance and positive earnings estimate revisions.

The Technology Services industry is expected to recover to pre-pandemic levels, driven by rising adoption of remote work, 5G, AI, blockchain, and data security concerns. Three stocks—Coherent Corp., GigaCloud Technology, and ScanSource—are highlighted as strong investment opportunities with Zacks Rank #1 ratings, showing solid revenue growth and strategic expansion initiatives.

Zacks Equity Research designated GigaCloud Technology Group Inc. as the Bull of the Day due to its strong earnings growth, upward estimate revisions, and attractive valuation in the e-commerce logistics space. Conversely, Shoe Station Group Inc. was named the Bear of the Day as it faces declining sales, shrinking profit margins, and deteriorating earnings forecasts with no clear turnaround in sight.

GigaCloud Technology (GCT) is a rapidly growing logistics and e-commerce company specializing in storage, distribution, and delivery of large, bulky products. The company reported 28% YoY revenue growth to $411.6M in Q2 with 45% EPS growth. Trading at 11.5x forward earnings with projected 23.4% revenue growth and 37.1% earnings growth this year, GCT recently broke out to new all-time highs. Despite strong fundamentals and limited analyst coverage, the stock presents an attractive growth opportunity.

GigaCloud Technology Inc. (GCT) has received a Zacks Rank #1 (Strong Buy) rating due to strong upward earnings estimate revisions from analysts. The company's consensus estimates for the current quarter increased 20% and full-year estimates rose 17.7% over the past month, with expected earnings of $1.28 per share for the current quarter (+29.3% YoY) and $4.92 for the full year (+37.1% YoY). The stock has gained 5.6% over the past four weeks.

GigaCloud Technology Inc. (GCT) outperformed major market indices on October 5, 2026, gaining 1.69% to close at $54.66. The company holds a Zacks Rank #1 (Strong Buy) rating with projected EPS growth of 29.29% for the upcoming quarter and 37.05% for the full year. Trading at a Forward P/E of 10.93 versus its industry average of 15.91, GCT appears undervalued, though its Technology Services industry ranks in the bottom 31% of all industries.

CBIZ (CBZ) and GigaCloud Technology Inc. (GCT) are outperforming the Business Services sector year-to-date. CBIZ has returned 8.4% versus a -14.6% sector average, with improved analyst sentiment and a Zacks Rank #2 (Buy). GigaCloud Technology has surged 36.8% with a Zacks Rank #1 (Strong Buy) and a 17.7% increase in consensus EPS estimates over three months.

Zacks highlights three stocks with Rank #1 (Strong Buy) ratings and strong momentum characteristics as of October 5. GigaCloud Technology (GCT) is a B2B ecommerce company with 17.7% earnings estimate increase and 57.7% three-month gains. Cracker Barrel (CBRL) operates restaurant and gift stores with 21.9% earnings estimate increase and 10.3% three-month gains. UBS Group (UBS) is a financial services company with 8.5% earnings estimate increase and 20.2% six-month gains.

GigaCloud Technology Inc. (GCT), a B2B ecommerce platform connecting Asian manufacturers with resellers globally, has been identified as a top momentum stock. The company holds a Zacks Rank #1 (Strong Buy) rating with an A VGM Score and A Momentum Style Score. Recent analyst revisions have increased fiscal 2026 earnings estimates to $4.92 per share, with the stock up 3.9% over the past four weeks and an average earnings surprise of +42.1%.