New Strong Buy Stocks for July 12th

Zacks Equity Research Published on July 12, 2023

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

Sotherly Hotels Inc. (SOHO - Free Report) : This real estate investment trust which focus on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels has seen the Zacks Consensus Estimate for its current year earnings increasing 44.6% over the last 60 days.

PagerDuty, Inc. (PD - Free Report) : This company which engages in the operation of a digital operations management platform has seen the Zacks Consensus Estimate for its current year earnings increasing 34.8% over the last 60 days.

Rockwell Medical, Inc. (RMTI - Free Report) : This healthcare company has seen the Zacks Consensus Estimate for its current year earnings increasing 32.8% over the last 60 days.

Telefónica, S.A. (TEF - Free Report) : This telecommunications company has seen the Zacks Consensus Estimate for its current year earnings increasing 38.5% over the last 60 days.

Zuora, Inc. (ZUO - Free Report) : This company which provides cloud-based subscription management platform has seen the Zacks Consensus Estimate for its current year earnings increasing 87.5% 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.