New Strong Buy Stocks for January 7th

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

Envela Corporation ELA: This recycling and recommerce services company has seen the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.

IHS Holding Limited IHS: This communications infrastructure company has seen the Zacks Consensus Estimate for its current year earnings increasing 105.3% over the last 60 days.

Centrus Energy Corp. LEU: This nuclear fuel and services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.

Clearway Energy, Inc. CWEN: This clean energy generation assets company has seen the Zacks Consensus Estimate for its current year earnings increasing 100.9% over the last 60 days.

Ares Commercial Real Estate Corporation ACRE: This specialty finance company from the real estate sector has seen the Zacks Consensus Estimate for its current year earnings increasing 52.7% over the last 60 days.

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

#1 Semiconductor Stock to Buy (Not NVDA)

The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.

One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.

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

Zacks Investment Research

Source Zacks-com