Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 5th:

Varex Imaging Corporation (VREX Quick QuoteVREX - Free Report) : This X-ray imaging components company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days.

VAREX IMAGING Price and Consensus

VAREX IMAGING price-consensus-chart | VAREX IMAGING Quote

Varex’s shares gained 9% over the last three months compared with the S&P 500’s decline of 0.3%. The company possesses a Momentum Score of A.

VAREX IMAGING Price

VAREX IMAGING price | VAREX IMAGING Quote

Ligand Pharmaceuticals Incorporated : This biopharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.2% over the last 60 days.

Ligand Pharmaceuticals Incorporated Price and Consensus

Ligand Pharmaceuticals Incorporated price-consensus-chart | Ligand Pharmaceuticals Incorporated Quote

Ligand’s shares gained 7% over the last three months compared with the S&P 500’s decline of 0.3%. The company possesses a Momentum Score of B.

Ligand Pharmaceuticals Incorporated Price

Ligand Pharmaceuticals Incorporated price | Ligand Pharmaceuticals Incorporated Quote

Flowserve Corporation (FLS Quick QuoteFLS - Free Report) : This industrial flow management equipment company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.

Flowserve Corporation Price and Consensus

Flowserve Corporation price-consensus-chart | Flowserve Corporation Quote

Flowserve’s shares gained 11% over the last six months compared with the S&P 500’s advance of 7.9%. The company possesses a Momentum Score of A.

Flowserve Corporation Price

Flowserve Corporation price | Flowserve Corporation Quote

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.