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Top Ranked Momentum Stocks to Buy for May 16th

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

CBOE Holdings, Inc. (CBOE - Free Report) : The options exchange operator has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.

CBOE Holdings’ shares gained 6% over the last three months higher than S&P 500’s gains of 2.3%. The company possesses a Momentum Score of A.

Lam Research Corporation (LRCX - Free Report) : The semiconductor processing systems manufacturer has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 8.1% over the last 60 days.

Lam Research’s shares gained 30.2% over the last three months. The company possesses a Momentum Score of A.

SolarEdge Technologies, Inc. (SEDG - Free Report) : The inverter solution provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.4% over the last 60 days.

SolarEdge Technologies’ shares gained 21.6% over the last three months. The company possesses a Momentum Score of A.

Waters Corporation (WAT - Free Report) : The analytical instrument manufacturerhas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 4% over the last 60 days.

Waters’ shares gained 13.9% over the last three months. 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

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>