MarketBeat's MarketRank tool reveals top 3 stocks for October with strong growth potential.

From Nasdaq: 2024-10-02 07:15:00

MarketBeat.com offers investors the valuable MarketRank tool, which ranks over 1.5 million stocks based on key categories like analyst sentiment, news sentiment, and earnings. Schlumberger, the world’s largest oilfield services company, is the top pick for October investors with double-digit growth projections and a 2.6% dividend yield, making it a strong value play. The consensus target for SLB stock is $66, offering nearly 60% upside potential.

Jack in the Box has secured the #2 spot in MarketRank, aiming for growth through re-franchising and expanding into new territories. The fast-food chain has faced systemwide contraction in 2024 but is making progress in the development pipeline, including a move into the Chicago-land region. Analysts have labeled JACK as a strong Hold to Buy with dividend payments that are sustainable at 3.75%.

Ally Financial, an auto-lender facing economic challenges, remains in a solid financial position to support its dividend payment of 3.35%. Analysts have shifted sentiment in favor of investors, with Citigroup adding the stock to its focus list at attractive entry levels. Adjusted EPS for Q2 was flat YoY, but earnings are expected to double by 2025.



Read more at Nasdaq:: October’s Top 3 Stocks Revealed by MarketBeat’s MarketRank Tool