Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 20:

Lumentum Holdings Inc. (LITE Quick QuoteLITE - Free Report) : This photonics company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.

Lumentum Holdings Inc. Price and Consensus

Lumentum Holdings Inc. price-consensus-chart | Lumentum Holdings Inc. Quote

Lumentum's shares gained 33.3% over the last three months compared with the S&P 500’s decline of 7.5%. The company possesses a Momentum Score of A.

Lumentum Holdings Inc. Price

Lumentum Holdings Inc. price | Lumentum Holdings Inc. Quote

Ultra Clean Holdings, Inc. (UCTT Quick QuoteUCTT - Free Report) : Thissemiconductor equipment and services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.7% over the last 60 days.

Ultra Clean Holdings, Inc. Price and Consensus

Ultra Clean Holdings, Inc. price-consensus-chart | Ultra Clean Holdings, Inc. Quote

Ultra Clean’s shares gained 30.2% over the last three months compared with the S&P 500’s decline of 7.5%. The company possesses a Momentum Score of A.

Ultra Clean Holdings, Inc. Price

Ultra Clean Holdings, Inc. price | Ultra Clean Holdings, Inc. Quote

Applied Materials, Inc. (AMAT Quick QuoteAMAT - Free Report) : This semiconductor materials engineering company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

Applied Materials, Inc. Price and Consensus

Applied Materials, Inc. price-consensus-chart | Applied Materials, Inc. Quote

Applied’s shares gained 8.4% over the last three months compared with the S&P 500’s decline of 7.5%. The company possesses a Momentum Score of B.

Applied Materials, Inc. Price

Applied Materials, Inc. price | Applied Materials, Inc. Quote

See the full list of top ranked stocks here

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