New Strong Buy Stocks for January 17th

Zacks Equity Research Published on January 17, 2023

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

PennantPark Investment Corporation (PNNT - Free Report) : This business development company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.

Mitsui & Co., Ltd. (MITSY - Free Report) : This general trading company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.7% over the last 60 days.

Tencent Music Entertainment Group (TME - Free Report) : This operator of online music entertainment platforms has seen the Zacks Consensus Estimate for its current year earnings increasing 13.2% over the last 60 days.

Rayonier Advanced Materials Inc. (RYAM - Free Report) : This cellulose specialty products company has seen the Zacks Consensus Estimate for its current year earnings increasing 25% over the last 60 days.

Dutch Bros Inc. (BROS - Free Report) : This operator and franchisee of drive-through shops has seen the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.