New Strong Sell Stocks for August 15th

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:

GCT Semiconductor Holding, Inc. GCTS is a fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions. The Zacks Consensus Estimate for its current year earnings has been revised almost 62.5% downward over the last 60 days.

Noble Corporation PLC NE is an offshore drilling contractor for the oil and gas industry. The Zacks Consensus Estimate for its current year earnings has been revised 20.2% downward over the last 60 days.

Celanese CE is a global hybrid chemical company which produces chemical substances and materials. The Zacks Consensus Estimate for its current year earnings has been revised almost 7.4% downward over the last 60 days.

View the entire Zacks Rank #5 List.

Zacks Names #1 Semiconductor Stock

This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.

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

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