Top Ranked Momentum Stocks to Buy for October 6th

LYG SGH

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 6th:

Lloyds Banking Group plc (LYG - Free Report) : This banking and financial services company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 16.7% over the last 60 days.

Lloyds Banking Group's shares gained 10.4% over the last one month more than S&P 500’s gain of 3.8%. The company possesses a Momentum Score of A.

SMART Global Holdings, Inc. (SGH - Free Report) : This designer of specialty memory solutionshas a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.

SMART Global Holdings' shares gained 53.4% over the last one month. The company possesses a Momentum Score of A.

Mitsubishi UFJ Financial Group, Inc. : This bank holding company has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 4.8% over the last 60 days.

Mitsubishi UFJ Financial Group's shares gained 5.8% over the last one month. The company possesses a Momentum Score of A.

MAM Software Group, Inc. : This software services provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.1% over the last 60 days.

MAM Software Group's shares gained 6.2% 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.

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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.

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