Top Ranked Momentum Stocks to Buy for May 5th

HDB LPX AAOI

Here are four stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, May 5th:

Applied Optoelectronics, Inc. (AAOI - Free Report) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days.

Applied Optoelectronics’ shares gained 43.6% in the last three months. The company possesses a Momentum Score of B.

CAI International, Inc. : This transportation finance and logistics company has seen the Zacks Consensus Estimate for its current year earnings advancing 26.6% over the last 60 days.

CAI International’s shares gained 24.3% over the last three months. The company possesses a Momentum Score of A.

HDFC Bank Limited (HDB - Free Report) : This bank has witnessed the Zacks Consensus Estimate for its current year earnings rising 4% over the last 60 days.

HDFC Bank’s shares gained 14.4% over the last three months. The company possesses a Momentum Score of B.

Louisiana-Pacific Corporation (LPX - Free Report) : This manufacturer of building products has witnessed the Zacks Consensus Estimate for its current year earnings rising 6.6% over the last 60 days.

Louisiana-Pacific’s shares gained 26.7% 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

Zacks' 2017 IPO Watch List  

Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.

One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>