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As of October 29, 2023, three stocks have been identified as strong buy candidates with significant growth prospects: Lam Research Corporation (LRCX), Fox Corporation (FOX), and Grupo Cibest S.A. – Sponsored ADR (CIB). Lam Research, a supplier of semiconductor fabrication equipment, has a Zacks Rank #1 (Strong Buy) with a 6.3% increase in its current year earnings estimate over the last 60 days. Its PEG ratio is 1.64, notably lower than the industry average of 3.73.
Fox Corporation, which produces and distributes news and entertainment content, also carries a Zacks Rank #1, with a 3% increase in its current year earnings estimate. Its PEG ratio stands at 1.31 compared to the industry average of 2.37. Meanwhile, Grupo Cibest S.A., providing a range of financial products and services across Latin America, shares a Zacks Rank #1 and has seen a 3.3% increase in its earnings estimate, with a PEG ratio of 1.12 well below the industry average of 2.85.
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