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Best Momentum Stock to Buy for May 4th

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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 4th:

Seagate Technology (STX - Free Report) : This company, which engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

Seagate Technology's shares gained 61.2% over the last three month compared with the S&P 500’s gain of 5%. The company possesses a Momentum Score of A.

FormFactor (FORM - Free Report) : This company, which is a leading provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle – from characterization, modeling, reliability, and design debug, to qualification and production test, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.

FormFactor’s shares gained 89.9% over the last three month compared with the S&P 500’s gain of 5%. The company possesses a Momentum Score of A.

Silicon Motion Technology (SIMO - Free Report) : This company, which is a leading developer of microcontroller ICs for NAND flash storage devices, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.9% over the last 60 days.

Silicon Motion Technology’s shares gained 71% over the last three month compared with the S&P 500’s gain of 5%. 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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