Top stock picks for the week include MicroStrategy and Vertex Inc, with positive earnings outlook and potential price gains

From Nasdaq

October 8, 2024 8:14 pm:

MicroStrategy Incorporated (MSTR) is a business intelligence software provider that has embraced the “Bitcoin Standard.” Founder Michael Saylor converted the company’s treasury into Bitcoin, owning over 140,000 Bitcoin worth $4 billion. Despite market fluctuations, MSTR outperformed the S&P 500 in the last five years, becoming a Bitcoin proxy.

Vertex Inc. (VERX) offers tax technology solutions in various industries globally. Recently upgraded to a Zacks Rank #1 (Strong Buy), Vertex has seen a 9.4% increase in earnings estimates. This upgrade reflects positive earnings outlook, positioning Vertex in the top 5% of Zacks-covered stocks for potential price gains in the near term.

Looking for stock recommendations? Zacks experts selected 7 top stocks as “Most Likely for Early Price Pops” from 220 Zacks Rank #1 Strong Buys. With an impressive track record of outperforming the market, the average gain of these hand-picked stocks has been +23.7% per year since 1988. Take a look at these top stock picks now.

Read more at Nasdaq: Top Stock Picks for Week of October 7, 2024