Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 16th:

InterDigital, Inc. (IDCC Quick QuoteIDCC - Free Report) : This company that designs and develops technologies that enable and enhance wireless communications has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 118.1% over the last 60 days.

InterDigital, Inc. Price and Consensus

InterDigital, Inc. price-consensus-chart | InterDigital, Inc. Quote

InterDigital’s shares gained 10.8% over the last three months compared with the S&P 500’s advance of 2%. The company possesses a Momentum Score of A.

InterDigital, Inc. Price

InterDigital, Inc. price | InterDigital, Inc. Quote

Graco Inc. (GGG Quick QuoteGGG - Free Report) : This systems and equipment manufacturer in the business of spray fluid and powder materials has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.

Graco Inc. Price and Consensus

Graco Inc. price-consensus-chart | Graco Inc. Quote

Graco’s shares gained 6.4% over the last three months compared with the S&P 500’s advance of 2%. The company possesses a Momentum Score of A.

Graco Inc. Price

Graco Inc. price | Graco Inc. Quote

Sandstorm Gold Ltd. : This gold royalty company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.6% over the last 60 days.

Sandstorm Gold Ltd Price and Consensus

Sandstorm Gold Ltd price-consensus-chart | Sandstorm Gold Ltd Quote

Sandstorms’s shares gained 12.6% over the last three months compared with the S&P 500’s advance of 2%. The company possesses a Momentum Score of A.

Sandstorm Gold Ltd Price

Sandstorm Gold Ltd price | Sandstorm Gold Ltd Quote

See the full list of top ranked stocks here

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