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Top Ranked Momentum Stocks to Buy for October 18th

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Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 18th:

Tower International, Inc. : This seller of engineered automotive structural metal components has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 0.3% over the last 60 days.

Tower International’s shares gained 15.3% over the last one month more than S&P 500’s gain of 2.4%. The company possesses a Momentum Score of A.

Lam Research Corporation (LRCX - Free Report) : This designer of semiconductor processing equipment has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.8% over the last 60 days.

Lam Research’s shares gained 12.5% over the last one month. The company possesses a Momentum Score of A.

BorgWarner Inc. (BWA - Free Report) : This electric vehicles solutions provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 0.3% over the last 60 days.

BorgWarner’s shares gained 6.7% over the last one month. The company possesses a Momentum Score of A.

SMART Global Holdings, Inc. (SGH - Free Report) : This semiconductor systems provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 14.2% over the last 60 days.

SMART Global Holdings’ shares gained 41.7% 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.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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BorgWarner Inc. (BWA) - free report >>

Lam Research Corporation (LRCX) - free report >>

SMART Global Holdings, Inc. (SGH) - free report >>