Best Momentum Stocks to Buy for January 6th

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

Rigel Pharmaceuticals, Inc. RIGL: This biotechnology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.1% over the last 60 days.

Rigel Pharmaceuticals, Inc. Price and Consensus

Rigel Pharmaceuticals, Inc. price-consensus-chart | Rigel Pharmaceuticals, Inc. Quote

Rigel’s shares gained 39.6% over the last three months compared with the S&P 500’s advance of 2.7%. The company possesses a Momentum Score  of A.

Rigel Pharmaceuticals, Inc. Price

Rigel Pharmaceuticals, Inc. price | Rigel Pharmaceuticals, Inc. Quote

Canadian Imperial Bank of Commerce CM: This diversified financial institution has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

Canadian Imperial Bank of Commerce Price and Consensus

Canadian Imperial Bank of Commerce price-consensus-chart | Canadian Imperial Bank of Commerce Quote

Canadian Imperial’s shares gained 13.7% over the past month compared with the S&P 500’s advance of 2.7%. The company possesses a Momentum Score of A.

Canadian Imperial Bank of Commerce Price

Canadian Imperial Bank of Commerce price | Canadian Imperial Bank of Commerce Quote

NeuroOne Medical Technologies Corporation NMTC: This medical technology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.

NeuroOne Medical Technologies Corporation Price and Consensus

NeuroOne Medical Technologies Corporation price-consensus-chart | NeuroOne Medical Technologies Corporation Quote

NeuroOne’s shares gained 16.1% over the last six months compared with the S&P 500’s advance of 10.7%. The company possesses a Momentum Score of A.

NeuroOne Medical Technologies Corporation Price

NeuroOne Medical Technologies Corporation price | NeuroOne Medical Technologies Corporation 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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