Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 3:

Lam Research Corporation (LRCX Quick QuoteLRCX - Free Report) : This company that manufactures and services semiconductor equipments has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 15% over the last 60 days.

Lam Research’s shares gained 13.3% over the last three months compared with the S&P 500’s advance of 4%. The company possesses a Momentum Score  of A.

Vertiv Holdings Co (VRT Quick QuoteVRT - Free Report) : This critical digital infrastructure technologies company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% over the last 60 days.

Vertiv’s shares gained 32.2% over the last six months compared with the S&P 500’s advance of 8.8%. The company possesses a Momentum Score of A.

Merchants Bancorp (MBIN Quick QuoteMBIN - Free Report) : This bank holding company that operates through mortgage banking, mortgage warehousing, and regular banking has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days.

Merchants’ shares gained 20.1% over the last three months compared with the S&P 500’s advance of 4%. The company possesses a Momentum Score of B.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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