New Strong Buy Stocks for August 20th

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

Micron Technology MU: This company which has established itself as one of the leading worldwide providers of semiconductor memory solutions, has seen the Zacks Consensus Estimate for its current year earnings increasing 16% over the last 60 days.

Micron Technology, Inc. Price and Consensus

Micron Technology, Inc. price-consensus-chart | Micron Technology, Inc. Quote

Futu Holdings FUTU: This technology company which offers a digitized brokerage platform, has seen the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.

Futu Holdings Limited Sponsored ADR Price and Consensus

Futu Holdings Limited Sponsored ADR price-consensus-chart | Futu Holdings Limited Sponsored ADR Quote

Ralph Lauren RL: This company which is a major designer, marketer and distributor of premium lifestyle products in North America, Europe, Asia, and internationally, has seen the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Ralph Lauren Corporation Price and Consensus

Ralph Lauren Corporation price-consensus-chart | Ralph Lauren Corporation Quote

Mitsubishi MSBHF: This Japan's largest general trading company which has long been engaged in business with customers around the world in virtually every industry, including energy, metals, machinery, chemicals, food and general merchandise, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.

Mitsubishi Corp. Price and Consensus

Mitsubishi Corp. price-consensus-chart | Mitsubishi Corp. Quote

Mitsui & Co. MITSY: This global company with operations in chemicals, foodstuffs, general merchandise, iron and steel, machinery, nonferrous metals, textiles, energy, and real estate and service industries, has seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 day.

Mitsui & Co. Price and Consensus

Mitsui & Co. price-consensus-chart | Mitsui & Co. Quote

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research