Three stocks have been added to the Zacks Rank #5 (Strong Sell) List:
- Vera Bradley, Inc. (VRA): The company’s earnings estimate for the current year has been revised downward by 39.6% over the last 60 days.
- Graphic Packaging Holding Company (GPK): The earnings estimate for its current year has decreased by 2.1% during the same period.
- Koninklijke Philips N.V. (PHG): Its earnings estimate for the current year has been cut by 2.6% over the last 60 days.
Industry Context: Global semiconductor manufacturing is projected to surge from $452 billion in 2021 to $971 billion by 2028, indicating strong demand across sectors including artificial intelligence and the Internet of Things.
