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On September 4th, three stocks were highlighted as having strong momentum and a buy ranking: Stride, Inc. (LRN), Magic Software Enterprises (MGIC), and Advanced Energy Industries (AEIS). Stride, a provider of K-12 education, has a Zacks Rank of #1 and a 10.6% increase in earnings estimates over the past 60 days. Its shares rose 10.4% in the last three months, outperforming the S&P 500’s 8.5% gain.
Magic Software, also with a Zacks Rank of #1, has seen a 10.1% rise in earnings estimates. Its shares surged by 20.5% in the last three months. Advanced Energy Industries, a supplier to the semiconductor industry, reported an increase of 10.1% in earnings estimates and a share price increase of 21.5% over the same period, both exceeding the S&P 500 returns.
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