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New Strong Buy Stocks to Watch in October

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For investors looking for promising stocks to add to their portfolio, here are five companies recently added to the Zacks Rank #1 (Strong Buy) List. These stocks have shown positive growth potential and are worth considering for investment opportunities.

E.ON SE (EONGY)

E.ON, the world’s largest investor-owned energy service provider, has seen a 15.6% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This indicates strong earnings growth potential for the company in the coming months.

E.ON SE Price and Consensus

E.ON SE price-consensus-chart | E.ON SE Quote

Broadwind Energy (BWEN)

Broadwind Energy, a precision manufacturer of structures, equipment & components for clean tech and specialized applications, has experienced an 11.1% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This suggests a positive growth trend for the company.

Broadwind Energy, Inc. Price and Consensus

Broadwind Energy, Inc. price-consensus-chart | Broadwind Energy, Inc. Quote

Patterson-UTI Energy (PTEN)

Patterson-UTI Energy, an oilfield services company with a significant presence in the United States, has seen a 10.6% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This indicates potential growth in the oil and gas industry.

Patterson-UTI Energy, Inc. Price and Consensus

Patterson-UTI Energy, Inc. price-consensus-chart | Patterson-UTI Energy, Inc. Quote

Applied Industrial Technologies (AIT)

Applied Industrial Technologies, a distributor of value-added industrial products, has seen a 1.1% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. Although relatively small, this positive growth indicates a favorable outlook for the company.

Applied Industrial Technologies, Inc. Price and Consensus

Applied Industrial Technologies, Inc. price-consensus-chart | Applied Industrial Technologies, Inc. Quote

LivePerson (LPSN)

LivePerson, a leading provider of mobile and online messaging business solutions, has seen a significant 59.1% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This points to a strong growth potential for the company in the digital communication sector.

LivePerson, Inc. Price and Consensus

LivePerson, Inc. price-consensus-chart | LivePerson, Inc. Quote

For a comprehensive list of today’s Zacks #1 Rank (Strong Buy) stocks, you can click here.

Zacks Names #1 Semiconductor Stock

If you’re on the lookout for a top-performing stock, consider this semiconductor company. While not as large as NVIDIA, it has shown impressive growth potential. With a focus on Artificial Intelligence, Machine Learning, and Internet of Things, this company is positioned to benefit from the expanding global semiconductor manufacturing industry, projected to reach $803 billion by 2028.

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As always, it’s essential to stay up to date with the latest recommendations from Zacks Investment Research. You can download 7 Best Stocks for the Next 30 Days to make informed investment decisions.

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

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