Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, August 1st:

Meta Platforms, Inc. (META Quick QuoteMETA - Free Report) : This developer of social media platforms has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days.

Meta Platforms’ shares gained 29.6% over the last three months compared with the S&P 500’s advance of 11.5%. The company possesses a Momentum Score  of B.

Apollo Commercial Real Estate Finance, Inc. (ARI Quick QuoteARI - Free Report) : This real estate investment trust has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

Apollo Commercial’s shares gained 8.9% over the last six months compared with the S&P 500’s advance of 5.7%. The company possesses a Momentum Score of B.

See the full list of top ranked stocks here

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