New Strong Sell Stocks for August 1st

CIEN BBY FINW

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

Best Buy Co., Inc. (BBY - Free Report) retails technology products. The Zacks Consensus Estimate for its current year earnings has been revised 18.4% downward over the last 60 days.

Ciena Corporation (CIEN - Free Report) is a network hardware and software services provider. The Zacks Consensus Estimate for its current year earnings has been revised 30.9% downward over the last 60 days.

FinWise Bancorp (FINW - Free Report) is a bank holding company for FinWise Bank. The Zacks Consensus Estimate for its current year earnings has been revised 32% downward over the last 60 days.

View the entire Zacks Rank #5 List.

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.

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