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Best Momentum Stocks to Buy for May 16th

Zacks Equity Research
·2 min read

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 16th:

InterDigital, Inc. IDCC: This company that designs and develops technologies that enable and enhance wireless communications has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 118.1% over the last 60 days.

InterDigital, Inc. Price and Consensus

InterDigital, Inc. Price and Consensus
InterDigital, Inc. Price and Consensus

InterDigital, Inc. price-consensus-chart | InterDigital, Inc. Quote

InterDigital’s shares gained 10.8% over the last three months compared with the S&P 500’s advance of 2%. The company possesses a Momentum Score of A.

InterDigital, Inc. Price

InterDigital, Inc. Price
InterDigital, Inc. Price

InterDigital, Inc. price | InterDigital, Inc. Quote

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Graco Inc. GGG: This systems and equipment manufacturer in the business of spray fluid and powder materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.

Graco Inc. Price and Consensus

Graco Inc. Price and Consensus
Graco Inc. Price and Consensus

Graco Inc. price-consensus-chart | Graco Inc. Quote

Graco’s shares gained 6.4% over the last three months compared with the S&P 500’s advance of 2%. The company possesses a Momentum Score of A.

Graco Inc. Price

Graco Inc. Price
Graco Inc. Price

Graco Inc. price | Graco Inc. Quote

Sandstorm Gold Ltd. SAND: This gold royalty company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days.

Sandstorm Gold Ltd Price and Consensus

Sandstorm Gold Ltd Price and Consensus
Sandstorm Gold Ltd Price and Consensus

Sandstorm Gold Ltd price-consensus-chart | Sandstorm Gold Ltd Quote

Sandstorms’s shares gained 12.6% over the last three months compared with the S&P 500’s advance of 2%. The company possesses a Momentum Score of A.

Sandstorm Gold Ltd Price

Sandstorm Gold Ltd Price
Sandstorm Gold Ltd Price

Sandstorm Gold Ltd price | Sandstorm Gold Ltd 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

Graco Inc. (GGG) : Free Stock Analysis Report

InterDigital, Inc. (IDCC) : Free Stock Analysis Report

Sandstorm Gold Ltd (SAND) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research