New Strong Buy Stocks for August 17th

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

Takeda Pharmaceutical Co. TAK: This research-based pharmaceutical company, which is engaged in manufacturing, marketing, and importing/exporting pharmaceutical drugs, has seen the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.

Takeda Pharmaceutical Co. Price and Consensus

Takeda Pharmaceutical Co. price-consensus-chart | Takeda Pharmaceutical Co. Quote

Valero Energy VLO: This company, which is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, has seen the Zacks Consensus Estimate for its current year earnings increasing 38.5% over the last 60 days.

Valero Energy Corporation Price and Consensus

Valero Energy Corporation price-consensus-chart | Valero Energy Corporation Quote

PhenixFIN PFX: This internally managed, closed-end, business development company, which is focused on current income generation coupled with capital appreciation with a focus on net asset value, has seen the Zacks Consensus Estimate for its current year earnings increasing 31.1% over the last 60 days.

PhenixFIN Corporation Price and Consensus

PhenixFIN Corporation price-consensus-chart | PhenixFIN Corporation Quote

Star Bulk Carriers SBLK: This global shipping company, which provides worldwide seaborne transportation solutions in the dry bulk sector, has seen the Zacks Consensus Estimate for its current year earnings increasing 14.6% over the last 60 days.

Star Bulk Carriers Corp. Price and Consensus

Star Bulk Carriers Corp. price-consensus-chart | Star Bulk Carriers Corp. Quote

Remitly Global RELY: This company, which is a mobile-first provider of remittances and financial services for immigrants, has seen the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 day.

Remitly Global, Inc. Price and Consensus

Remitly Global, Inc. price-consensus-chart | Remitly Global, Inc. Quote

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

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

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

Zacks Investment Research