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New Strong Buy Stocks for October 12th

WLK, MOV, OVV, PBR, and FERG have been added to the Zacks Rank #1 (Strong Buy) List on October 12, 2021.

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This story originally appeared on Zacks

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

- Zacks

Westlake Chemical Corporation WLK: This manufacturer and supplier of petrochemicals, polymers and fabricated products has seen the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.

Westlake Chemical Corporation Price and Consensus

Movado Group, Inc. MOV: This designer, marketer, and distributor of watches has seen the Zacks Consensus Estimate for its current year earnings increasing 16.1% over the last 60 days.

Movado Group Inc. Price and Consensus

Ovintiv Inc. OVV: This company that engages in the exploration, development, production and marketing of natural gas, oil and natural gas liquids has seen the Zacks Consensus Estimate for its current year earnings increasing 36.5% over the last 60 days.

Ovintiv Inc. Price and Consensus

Petrobras PBR: This company that engages in the exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad has seen the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days.

Petroleo Brasileiro S.A. Petrobras Price and Consensus

Ferguson plc FERG: This distributor of plumbing and heating products to professional contractors and consumers has seen the Zacks Consensus Estimate for its current year earnings increasing 10.6% over the last 60 days.

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



Time to Invest in Legal Marijuana

If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.

You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.

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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

 

Westlake Chemical Corporation (WLK): Free Stock Analysis Report

 

Petroleo Brasileiro S.A. Petrobras (PBR): Free Stock Analysis Report

 

Movado Group Inc. (MOV): Free Stock Analysis Report

 

Ovintiv Inc. (OVV): Free Stock Analysis Report

 

Wolseley PLC (FERG): Free Stock Analysis Report

 

To read this article on Zacks.com click here.