Today, Zacks has included five stocks in its prestigious Zacks Rank #1 (Strong Buy) List, indicating a positive outlook for these companies. Let’s take a closer look at each addition:
Cadence Design Systems, Inc. (CDNS)
Cadence Design Systems, Inc., known for its software, hardware, and reusable integrated circuit design blocks, has witnessed a 0.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days.
If this trend continues, it could signify a lucrative path ahead for the company. The pandemic, which has accelerated the digitization of businesses, has put companies like Cadence in a unique position.
Ecolab Inc. (ECL)
Ecolab Inc., providing water, hygiene, and infection prevention solutions and services, has experienced a 5% surge in the Zacks Consensus Estimate for its current year earnings over the last 60 days. Water scarcity concerns around the world make Ecolab’s services increasingly vital.
Fomento Economico Mexicano S.A.B. de C.V. (FMX)
Fomento Economico Mexicano, the bottler of Coca-Cola trademark beverages, has observed a 2.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days. This signals positive growth potential, especially considering the enduring popularity of soft drinks worldwide.
Korro Bio, Inc. (KRRO)
Korro Bio, Inc., a biopharmaceutical company, has seen a notable 9.3% rise in the Zacks Consensus Estimate for its next year earnings over the last 60 days. The company’s developments in the biopharmaceutical sector are evidently drawing investor confidence.
The RMR Group Inc. (RMR)
The RMR Group Inc., offering asset management services, has had a 3.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days. With the shifting dynamics of the financial market, the demand for such services has soared, placing RMR Group in a promising position.
For a comprehensive list of today’s Zacks #1 Rank (Strong Buy) stocks, click here.
7 Best Stocks for the Next 30 Days
Zacks experts have extracted 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys, deeming these as “Most Likely for Early Price Pops.” Historical data from Zacks reveals that since 1988, the full list has outperformed the market by more than 2X, boasting an average gain of +24.0% per year.
Download 7 Best Stocks for the Next 30 Days
For more insights, you can access the Free Stock Analysis Reports for these companies: Ecolab Inc. (ECL), Fomento Economico Mexicano S.A.B. de C.V. (FMX), Cadence Design Systems, Inc. (CDNS), The RMR Group Inc. (RMR), and Korro Bio, Inc. (KRRO).
Read the original article on Zacks.com by clicking here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
