New Strong Buy Stocks for October 5th

Zacks Equity Research Published on October 05, 2023

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

E.ON (EONGY - Free Report) : This company which is the world's largest investor-owned energy service provider, has seen the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

Broadwind Energy (BWEN - Free Report) : This company which is a precision manufacturer of structures, equipment & components for clean tech and other specialized applications, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.

PattersonUTI Energy (PTEN - Free Report) : This oilfield services company which has one of the largest onshore contract drillers in the United States and a large fleet of pressure pumping equipment, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days.

Applied Industrial Technologies (AIT - Free Report) : This company which is a distributor of value-added industrial products, has seen the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 day.

LivePerson (LPSN - Free Report) : This company which is the leading provider of mobile and online messaging business solutions, enabling a meaningful connection between brands and consumers, has seen the Zacks Consensus Estimate for its current year earnings increasing 59.1% 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.