New Strong Buy Stocks for January 9th

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

Black Diamond Therapeutics, Inc. BDTX: This clinical-stage oncology company has seen the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days.

Lumen Technologies, Inc. LUMN: This networking company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.5% over the last 60 days.

Adeia Inc. ADEA: This media and semiconductor intellectual property licensing company has seen the Zacks Consensus Estimate for its next year earnings increasing 34.2% 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 next year earnings increasing 52.7% over the last 60 days.

TransAct Technologies Incorporated TACT: This transaction-based and specialty printers and terminals company has seen the Zacks Consensus Estimate for its current year earnings increasing 26.7% over the last 60 days.

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.

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

Zacks Investment Research

Source Zacks-com