New Strong Sell Stocks for October 2nd

Zacks Equity Research Published on October 02, 2023

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

Astellas Pharma (ALPMY - Free Report) is engaged in the research, development, manufacturing and marketing of pharmaceuticals drugs. The Zacks Consensus Estimate for its current year earnings has been revised almost 21.6% downward over the last 60 days.

Barratt Developments (BTDPY - Free Report) is engaged in the business of developing residential and non-residential properties primarily in the United Kingdom. The Zacks Consensus Estimate for its current year earnings has been revised 12.1% downward over the last 60 days.

Alerus Financial (ALRS - Free Report) is a financial services company that offers financial solutions to businesses and consumers. The Zacks Consensus Estimate for its current year earnings has been revised 5.1% 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.