HomeMost PopularTech Stocks3 Promising Growth Stocks to Consider for October 19th

3 Promising Growth Stocks to Consider for October 19th

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Looking for investment opportunities with strong growth potential? Here are three stocks to keep an eye on:

Associated British Foods plc (ASBFY)

Associated British Foods is a retail conglomerate company that has been performing exceptionally well. With a Zacks Rank #1 (Strong Buy), it has seen a staggering 10.3% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. The company has a favorable PEG ratio of 1.52 compared to 2.27 for the industry and a solid Growth Score of B.

Lamb Weston Holdings, Inc. (LW)

Lamb Weston is a producer of value-added frozen potato products that has caught the attention of investors. With a Zacks Rank #1 and a 9.4% increase in the Zacks Consensus Estimate for current year earnings over the past 60 days, it is definitely one to watch. The company boasts a PEG ratio of 1.14 and a Growth Score of B.

e.l.f. Beauty, Inc. (ELF)

e.l.f. Beauty is a leading cosmetic company that has made significant strides in recent times. With a Zacks Rank #1 and a 1.7% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days, it is showing promising potential. The company has a PEG ratio of 2.04, outperforming the industryโ€™s ratio of 2.90, and an impressive Growth Score of A.

Interested in other top-ranked stocks? Check out the full list here.

Learn more about the Growth score and how it is calculated here.

Looking for potential breakout stocks? Zacks experts have hand-picked their top choice that could double in value in the near future. This investment opportunity, with its โ€œwatershed medical breakthroughโ€ and a robust pipeline of projects, is worth considering while it emerges from its bear market lows. Similar stocks have soared in the past and this one has the potential to rival or surpass them.

Free: See Our Top Stock And 4 Runners Up

Want the latest recommendations from Zacks Investment Research? Download their report on the 7 Best Stocks for the Next 30 Days here.

For more in-depth analysis and information on these stocks, check out the following reports:

Read the full article here.

Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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