Best Momentum Stock to Buy for June 6th

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

Credo Technology Group CRDO: This company which is a provider of high-performance serial connectivity solutions for the hyperscale datacenter, 5G carrier, enterprise networking, artificial intelligence and high-performance computing markets, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.4% over the last 60 days.

Credo Technology Group Holding Ltd. Price and Consensus

Credo Technology Group Holding Ltd. price-consensus-chart | Credo Technology Group Holding Ltd. Quote

Credo Technology Group’s shares gained 73.6% over the last three month compared with the S&P 500’s gain of 3.6%. The company possesses a Momentum Score of A.

Credo Technology Group Holding Ltd. Price

Credo Technology Group Holding Ltd. price | Credo Technology Group Holding Ltd. Quote

Ferguson plc FERG: This company which is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, Nordics, Canada and Central Europe, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.7% over the last 60 days.

Ferguson plc Price and Consensus

Ferguson plc price-consensus-chart | Ferguson plc Quote

Ferguson’s shares gained 29.3% over the last three month compared with the S&P 500’s gain of 3.6%. The company possesses a Momentum Score of A.

Ferguson plc Price

Ferguson plc price | Ferguson plc 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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