Zacks Rank #1 Adds a New Slate of Strong Buy Stocks on September 17, 2024

Investors looking for solid additions to their portfolios might be interested in the latest lineup of companies elevated to Zacks Rank #1 (Strong Buy) on September 17, 2024. The list of stocks recognized for their bullish potential now includes DXP Enterprises, DXPE, The Progressive Corporation, PGR, AXIS Capital Holdings Limited, AXS, Canadian Imperial Bank of Commerce, CM, and SK Telecom Co., SKM. Each of these companies demonstrates strong investment characteristics, reflecting a robust growth outlook.

DXP Enterprises, Inc. DXPE

Focused on providing MRO products, equipment, and services for industrial and energy sectors, DXPE is a key distributor with headquarters situated in Houston, Texas. The company's recent inclusion in the Zacks Rank #1 list signals positive analyst attitudes towards its shares within the marketplace.

American Financial Group, Inc. AFG

With headquarters in Cincinnati, Ohio, AFG operates as a major insurance holding company specializing in property and casualty insurance products across the United States. Although not included in this update, AFG remains a notable player in the insurance industry.

The Progressive Corporation PGR

As a leading car insurance provider in the US, PGR also covers a wide range of vehicles and homes through its comprehensive insurance offerings. Its addition to the list underscores its growth potential in the insurance sector.

AXIS Capital Holdings Limited AXS

AXS operates globally, providing specialized insurance and reinsurance products. The Bermuda-headquartered company's new ranking suggests that it is favorably positioned to capitalize on the opportunities across its markets.

Canadian Imperial Bank of Commerce CM

CM is a diversified financial institution based in Toronto, Canada, offering an array of financial products and services to a diverse clientele. Its new Zacks Rank #1 status indicates a positive momentum and confidence from market analysts.

SK Telecom Co., Ltd. SKM

Providing wide-reaching wireless telecommunications services in South Korea and beyond, SKM's Seoul-based operations are integral to the communication sector. The recognition as a Strong Buy suggests optimistic forecasts for its stock performance.

Investment, Insurance, Telecommunications, Banking, Industrial, Finance