Best Momentum Stocks to Buy for October 6th

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 6th:

Pagaya Technologies Ltd. PGY: This product-focused technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.3% over the last 60 days.

Pagaya Technologies Ltd. Price and Consensus

Pagaya Technologies Ltd. price-consensus-chart | Pagaya Technologies Ltd. Quote

Pagaya’s shares gained 31.2% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score  of A.

Pagaya Technologies Ltd. Price

Pagaya Technologies Ltd. price | Pagaya Technologies Ltd. Quote

InterDigital, Inc. IDCC: This company that designs and develops technologies that enable and enhance wireless communications has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% over the last 60 days.

InterDigital, Inc. Price and Consensus

InterDigital, Inc. price-consensus-chart | InterDigital, Inc. Quote

InterDigital’s shares gained 50% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score of A.

InterDigital, Inc. Price

InterDigital, Inc. price | InterDigital, Inc. Quote

Sumitomo Mitsui Financial Group, Inc. SMFG: This company that provides commercial banking, leasing, securities, consumer finance, and other services has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days.

Sumitomo Mitsui Financial Group Inc Price and Consensus

Sumitomo Mitsui Financial Group Inc price-consensus-chart | Sumitomo Mitsui Financial Group Inc Quote

Sumitomo Mitsui’s shares gained 11.3% over the last three months compared with the S&P 500’s advance of 7.8%. The company possesses a Momentum Score of B.

Sumitomo Mitsui Financial Group Inc Price

Sumitomo Mitsui Financial Group Inc price | Sumitomo Mitsui Financial Group Inc Quote

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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This article originally published on Zacks Investment Research (zacks.com).

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