On July 14th, Eledon Pharmaceuticals, Inc. (ELDN), KDDI Corporation (KDDIY), and Penguin Solutions, Inc. (PENG) were highlighted as stocks with a Zacks Rank #1, indicating strong buy momentum. Eledon Pharmaceuticals saw its earnings estimate rise by 23.8% over the past 60 days, while KDDI’s estimate increased by 39.7%. Penguin Solutions’ earnings also rose by 14.2% during the same period.
Eledon’s shares have gained 22.2% in the past month, outperforming the S&P 500, which increased by 3.8%. KDDI shares rose by 5.9% over the last six months, slightly ahead of the S&P 500’s 5.2% gain. In contrast, Penguin’s shares surged by 41.2% in the past three months, compared to a 16% increase in the S&P 500.
These stocks demonstrate robust earnings momentum and market performance, making them notable investments for July 2023.
