Top Growth Stocks to Consider Purchasing on October 27th
Ultrapar Participacoes: This Brazilian industrial group has a Zacks Rank #1 (Strong Buy) and a PEG ratio of 2.01, with a 33.3% increase in current year earnings estimates over the last 60 days.
Urban Outfitters: The lifestyle retailer also holds a Zacks Rank #1, with a PEG ratio of 1.07 and a 5.9% increase in current year earnings estimates in the past 60 days.
Western Digital: This data storage company carries a Zacks Rank #1 and has a PEG ratio of 0.97, with a 2.6% increase in current year earnings estimates over the last 60 days.
Investment Insights: The article suggests that lesser-known AI firms may offer more lucrative investment opportunities compared to well-known stocks, and provides a link to download a report on top stock recommendations.
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Western Digital Stock Hits All-Time High Ahead of Earnings
- Stock Performance: Western Digital Corp. (NASDAQ:WDC) surged to an all-time high of $284 on Wednesday, closing at $279.70 with a 10.79% increase, reflecting strong investor optimism ahead of its earnings report.
- Earnings Expectations: The company anticipates revenues of $2.9 billion for Q2 FY2026, with a variance of $100 million, and diluted earnings per share of $1.88, plus or minus $0.15, driven primarily by data center demand.
- Innovation Day Event: On February 3, Western Digital will host an Innovation Day in New York to showcase key innovations aimed at addressing the growing data storage needs in the AI-driven economy, further solidifying its market position.
- Analyst Rating Upgrade: Mizuho raised Western Digital's price target from $240 to $265 while reaffirming an “outperform” rating, indicating strong market confidence in the company's future performance.

US Stocks Close Lower Amid Cautious Market Sentiment
- Stock Index Declines: The S&P 500 index fell by 0.43%, the Dow Jones Industrial Average dropped by 0.36%, and the Nasdaq 100 decreased by 1.28%, reflecting cautious investor sentiment following President Trump's nomination of Kevin Warsh as the new Fed Chair, which raised concerns about future monetary policy.
- Producer Prices Rise: The US December Producer Price Index (PPI) increased by 0.5% month-over-month and 3.0% year-over-year, both exceeding market expectations, indicating heightened inflationary pressures that could influence the Fed's policy decisions moving forward.
- Mining Stocks Plummet: Mining stocks faced significant sell-offs as gold and silver prices dropped sharply, with Coeur Mining and Hecla Mining declining over 17% and 15%, respectively, reflecting a pessimistic outlook on precious metals amid rising dollar strength.
- Positive Earnings Outlook: Despite the overall market decline, 102 S&P 500 companies are set to report earnings this week, with 77% of the 143 companies that have reported so far exceeding expectations, indicating resilience in corporate profitability, with S&P earnings growth projected to reach 8.4% in Q4.






