New Strong Sell Stocks for Oct. 24

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:

Arcos Dorados Holdings Inc. ARCO is a franchisee of McDonald’s restaurants. The Zacks Consensus Estimate for its current year earnings has been revised 1.7% downward over the last 60 days.

Canadian National Railway Company CNI is a rail and related transportation company. The Zacks Consensus Estimate for its current year earnings has been revised 2.7% downward over the last 60 days.

Kolibri Global Energy Inc. KGEI is an explorer and developer of oil, gas, and clean and sustainable energy reserves. The Zacks Consensus Estimate for its current year earnings has been revised 7% downward over the last 60 days.

View the entire Zacks Rank #5 List.

Zacks Names #1 Semiconductor Stock

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

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.

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

Zacks Investment Research

Source Zacks-com