Argan (AGX) stock has surged, moving up 40 spots to the 59th position in Barchart’s Top 100 Stocks to Buy. The stock’s weighted alpha is 172.77, indicating strong recent performance, up 26% in the last month alone. Wall Street credit veteran Howard Marks believes non-Mag 7 stocks are overvalued due to high p/e ratios. Despite this, the S&P 500 has seen gains in 2025. Argan is expected to earn $8.41 a share in fiscal 2026. The company’s backlog has increased, with a $2 billion backlog at the end of July. However, concerns about the stock’s frothy valuation remain.

Read more at Yahoo Finance: Argan Moves Up 40 Spots. Time to Buy?