Market News

New Strong Buy Stocks for Oct. 16: LASR, PLAB, and More

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

nLight LASR: This company, which provides high-power semiconductor and fiber laser, has seen the Zacks Consensus Estimate for its current year earnings increasing 50% over the last 60 days.

nLight Price and Consensus

nLight Price and Consensus

nLight price-consensus-chart | nLight Quote

Photronics PLAB: This company, which is a leading worldwide manufacturer of photomasks, has seen the Zacks Consensus Estimate for its current year earnings increasing 8% over the last 60 days.

Photronics, Inc. Price and Consensus

Photronics, Inc. Price and Consensus

Photronics, Inc. price-consensus-chart | Photronics, Inc. Quote

Weatherford International WFRD: This company, which offers drilling solutions, gas well unloading, restoration and other related activities, has seen the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 day.

Weatherford International PLC Price and Consensus

Weatherford International PLC Price and Consensus

Weatherford International PLC price-consensus-chart | Weatherford International PLC Quote

California Resources CRC: This oil and natural gas exploration and production company, which is principally based in California, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

California Resources Corporation Price and Consensus

California Resources Corporation Price and Consensus

California Resources Corporation price-consensus-chart | California Resources Corporation Quote

Dycom Industries DY: This specialty contracting firm operating in the telecom industry, which provides diverse services such as engineering, construction, maintenance and installation services for the cable and telephone companies, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

See also  MQ Investors Have Opportunity to Lead Marqeta, Inc. Securities Fraud Lawsuit with the Schall Law Firm - Marqeta (NASDAQ:MQ)

Dycom Industries, Inc. Price and Consensus

Dycom Industries, Inc. Price and Consensus

Dycom Industries, Inc. price-consensus-chart | Dycom Industries, Inc. Quote

 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Free Report: Profiting from the 2nd Wave of AI Explosion

The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.

Investors who bought shares like Nvidia at the right time have had a shot at huge gains.

But the rocket ride in the “first wave” of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.

Zacks’ AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.

Access AI Boom 2.0 now, absolutely free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Dycom Industries, Inc. (DY) : Free Stock Analysis Report

Photronics, Inc. (PLAB) : Free Stock Analysis Report

California Resources Corporation (CRC) : Free Stock Analysis Report

nLight (LASR) : Free Stock Analysis Report

Weatherford International PLC (WFRD) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research