New Strong Buy Stocks for August 1st

Roku, Pharming Group, Ardmore Shipping, Meta Platforms, and Apollo Commercial Real Estate Finance have been added to the Zacks Rank #1 (Strong Buy) List. Their Zacks Consensus Estimates for current and next year earnings have increased over the last 60 days.

Five prominent companies have been added to the Zacks Rank #1 (Strong Buy) List, reflecting a significant increase in their Zacks Consensus Estimates for both current and next year's earnings. The additions include Roku, Pharming Group, Ardmore Shipping, Meta Platforms, and Apollo Commercial Real Estate Finance.

Roku (ROKU)

Roku, an operator of a TV streaming platform, has seen its Zacks Consensus Estimate for current year earnings increase by 5.3% over the last 60 days. The company's strong financial performance and growth prospects have contributed to this positive outlook [2].

Pharming Group N.V. (PHAR)

Pharming Group N.V., a biopharmaceutical company, has experienced a nearly 7% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. This upward revision reflects the company's robust pipeline and potential for future growth [2].

Ardmore Shipping Corporation (ASC)

Ardmore Shipping, which engages in the seaborne transportation of petroleum products and chemicals, has seen its Zacks Consensus Estimate for next year's earnings increase by nearly 9% over the last 60 days. The company's strategic position in the shipping industry has driven this positive trend [2].

Meta Platforms, Inc. (META)

Meta Platforms, the developer of social media platforms, has seen its Zacks Consensus Estimate for current year earnings increase by 2.2% over the last 60 days. The company's diversified revenue streams and strong user base have contributed to this upward revision [2].

Apollo Commercial Real Estate Finance, Inc. (ARI)

Apollo Commercial Real Estate Finance, a real estate investment trust, has experienced a 1.9% increase in its Zacks Consensus Estimate for current year earnings over the last 60 days. The company's focus on commercial real estate investments and strategic acquisitions have driven this positive trend [2].

These stocks have been identified as strong buy recommendations based on their earnings estimate revisions and the Zacks Rank system's impressive track record. Investors should closely monitor these companies' earnings calls and future earnings expectations for further insights into their potential performance.

References:

[1] https://www.nasdaq.com/articles/roku-roku-q2-earnings-and-revenues-beat-estimates
[2] https://sg.finance.yahoo.com/news/strong-buy-stocks-august-1st-092500082.html