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Top Ranked Momentum Stocks to Buy for October 6th

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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. MTU: 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. (MAMS - Free Report) : 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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If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.

Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.

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