New Strong Buy Stocks for August 29th

Zacks Equity Research Published on August 29, 2023

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

Spero Therapeutics, Inc. (SPRO - Free Report) : This biopharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 51.4% over the last 60 days.

First Business Financial Services, Inc. (FBIZ - Free Report) : This bank holding company for First Business Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.

Kinsale Capital Group, Inc. (KNSL - Free Report) : This specialty insurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.

Badger Meter, Inc. (BMI - Free Report) : This scientific and technical instruments company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.

Fidus Investment Corporation (FDUS - Free Report) : This business development company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.6% 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.