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On November 20, three stocks were highlighted as strong buy options. Sanmina Corporation (SANM), a provider of electronics contract manufacturing, has a Zacks Rank #1 (Strong Buy) and saw a 38.9% increase in earnings estimates over the past 60 days. The company has a PEG ratio of 0.64, significantly lower than the industry average of 1.83.
Great Lakes Dredge & Dock Corporation (GLDD), the largest provider of dredging services in the U.S., also holds a Zacks Rank #1. Its current year earnings estimates have increased by 7.8% in the last two months with a PEG ratio of 0.90 compared to an industry average of 2.55. Finally, Allstate (ALL), the third-largest property-casualty insurer in the U.S., has seen its earnings estimates rise by 26% with a PEG ratio of 0.41, versus the industry average of 1.60.
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