New Strong Buy Stocks for May 7th

AMKR PMT RYI

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

Amkor Technology, Inc. (AMKR - Free Report) : This company that provides outsourced semiconductor packaging and test services has seen the Zacks Consensus Estimate for its current year earnings increasing 90% over the last 60 days.

Meritor, Inc. : This company that designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) has seen the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.

PennyMac Mortgage Investment Trust (PMT - Free Report) : This specialty finance company has seen the Zacks Consensus Estimate for its current year earnings increasing 2.3% over the last 60 days.

Ryerson Holding Corporation (RYI - Free Report) : This company that processes and distributes industrial metals has seen the Zacks Consensus Estimate for its current year earnings increasing 31.8% over the last 60 days.

Tech Data Corporation : This IT distribution and solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days.

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

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Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>