Best Growth Stocks to Buy for Oct. 29th
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today Oct. 29th:
Lam Research LRCX: This company which supplies wafer fabrication equipment and services to the semiconductor industry, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.
Lam Research Corporation Price and Consensus
Lam Research Corporation price-consensus-chart | Lam Research Corporation Quote
Lam Research has a PEG ratio of 1.64 compared with 3.73 for the industry. The company possesses a Growth Score of A.
Lam Research Corporation PEG Ratio (TTM)
Lam Research Corporation peg-ratio-ttm | Lam Research Corporation Quote
Fox FOX: This company which produces and distributes news, sports and entertainment content, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3% over the last 60 days.
Fox has a PEG ratio of 1.31 compared with 2.37 for the industry. The company possesses a Growth Score of B.
Grupo Cibest S.A. - Sponsored ADR CIB: This company which provides a range of financial products and services to diversified individual, corporate, institutional and government customer base throughout Colombia, Latin America and the Caribbean region, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.3% over the last 60 days.
Grupo Cibest S.A. - Sponsored ADR Price and Consensus
Grupo Cibest S.A. - Sponsored ADR price-consensus-chart | Grupo Cibest S.A. - Sponsored ADR Quote
Grupo Cibest S.A. - Sponsored ADR has a PEG ratio of 1.12 compared with 2.85 for the industry. The company possesses a Growth Score of B.
Grupo Cibest S.A. - Sponsored ADR PEG Ratio (TTM)
Grupo Cibest S.A. - Sponsored ADR peg-ratio-ttm | Grupo Cibest S.A. - Sponsored ADR Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
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Lam Research Corporation (LRCX): Free Stock Analysis Report
Fox Corporation (FOX): Free Stock Analysis Report
Grupo Cibest S.A. - Sponsored ADR (CIB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
