New Strong Buy Stocks for May 18th

Zacks Equity Research Published on May 18, 2023

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

Carrols Restaurant Group, Inc. : This restaurant company has seen the Zacks Consensus Estimate for its current year earnings increasing 55.9% over the last 60 days.

Shake Shack Inc. (SHAK - Free Report) : This restaurant franchise has seen the Zacks Consensus Estimate for its next year earnings increasing 550% over the last 60 days.

Encore Wire Corporation (WIRE - Free Report) : This electrical building wires and cables company has seen the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

Kennametal Inc. (KMT - Free Report) : This company that engages in the business of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications has seen the Zacks Consensus Estimate for its current year earnings increasing 12.6% over the last 60 days.

DXP Enterprises, Inc. (DXPE - Free Report) : This company that engages in distributing maintenance, repair, and operating products, equipment, and services to the energy and industrial customers has seen the Zacks Consensus Estimate for its current year earnings increasing 18.6% over the last 60 days.

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

Zacks Reveals ChatGPT "Sleeper" Stock

One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.