Top Ranked Momentum Stocks To Buy For October 18th

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 18th:

Tower International, Inc. (TOWR): This seller of engineered automotive structural metal components has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 0.3% over the last 60 days.

Tower International’s shares gained 15.3% over the last one month more than S&P 500’s gain of 2.4%. The company possesses a Momentum Score of A.

Lam Research Corporation (NASDAQ:LRCX) (LRCX): This designer of semiconductor processing equipment has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 1.8% over the last 60 days.

Lam Research’s shares gained 12.5% over the last one month. The company possesses a Momentum Score of A.

BorgWarner Inc (NYSE:BWA). (BWA): This electric vehicles solutions provider has a Zacks Rank #2 (Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 0.3% over the last 60 days.

BorgWarner’s shares gained 6.7% over the last one month. The company possesses a Momentum Score of A.

SMART Global Holdings, Inc. (SGH): This semiconductor systems provider has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings rising 14.2% over the last 60 days.

SMART Global Holdings’ shares gained 41.7% over the last one month. 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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