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Best Momentum Stocks to Buy for October 6th

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

Pagaya Technologies Ltd. (PGY - Free Report) : 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’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.

InterDigital, Inc. (IDCC - Free Report) : 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’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.

Sumitomo Mitsui Financial Group, Inc. (SMFG - Free Report) : 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’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.

 

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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InterDigital, Inc. (IDCC) - free report >>

Sumitomo Mitsui Financial Group Inc (SMFG) - free report >>

Pagaya Technologies Ltd. (PGY) - free report >>

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