UHS, LRCX & LDOS top latest Large Cap Stocks that made our Watchlist in October

By InvestMacro Research

The fourth quarter of 2024 is about halfway over and today we wanted to highlight some of the top companies that have recently been added to our Cosmic Rays Watchlist. The Cosmic Rays Watchlist is the output from our proprietary fundamental analysis algorithm that analyzes over one thousand companies.

The algo examines company fundamental metrics, earnings trends and overall sector strength trends. The aim is identify quality dividend-paying companies on the NYSE and Nasdaq stock exchanges. If a company scores over 50, it gets added to our Watchlist for further analysis.

We use this system as a stock market ideas generator and to update our Watchlist every quarter. However, be aware this fundamental system does not take the stock price as a direct element in our rating so one must compare each idea with their current stock prices (read: this is not a timing tool!).

Disclaimer: Markets are currently at all-time highs and many studies are consistently showing overvalued markets and that always has to be taken into consideration with any stock market idea.

As with all investment ideas, past performance does not guarantee future results. Remember, a stock added to our list is not a recommendation to buy or sell the security but merely a starting point for your own in-depth analysis.

Here are 5 of our Top Stocks scored in October 2024:

Leidos Holdings, Inc. (LDOS):

Leidos Holdings, Inc. (Symbol: LDOS) was recently added to our Cosmic Rays WatchList. LDOS scored a 73 in our fundamental rating system on October 30th, 2024.

At time of writing, only 2.00% of stocks have scored a 70 or better out of a total of 10,417 scores in our earnings database. This stock is on our Watchlist for the first time and rose by 70 system points from our last update.

LDOS is a Large Cap stock and part of the Technology sector. The industry focus for LDOS is Information Technology Services.

Company Description:

Leidos Holdings, Inc., together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health.

Company Website: https://www.leidos.com

Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: Leidos Holdings, Inc. (LDOS)	22.0	82.87	0.7
– Benchmark Symbol: XLK	44.2	32.1	1.2

 

* Data through November 06, 2024

Universal Health Services, Inc. (UHS):

Universal Health Services, Inc. (Symbol: UHS) was recently added to our Cosmic Rays WatchList. UHS scored a 85 in our fundamental rating system on October 25th, 2024.

At time of writing, only 0.75% of stocks have scored a 80 or better out of a total of 10,417 scores in our earnings database. This stock has made our Watchlist a total of 6 times and rose by 3 system points from our last update.

UHS is a Large Cap stock and part of the Healthcare sector. The industry focus for UHS is Medical – Care Facilities.

Company Description (courtesy of SEC.gov):

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments.

Company Website: https://uhs.com

Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: Universal Health Services, Inc. (UHS)	13.5	65.43	1.28
– Benchmark Symbol: XLV	25.1	15.27	0.7

 

* Data through November 06, 2024

Comfort Systems USA, Inc. (FIX):

Comfort Systems USA, Inc. (Symbol: FIX) was recently added to our Cosmic Rays WatchList. FIX scored a 68 in our fundamental rating system on October 25th, 2024.

At time of writing, only 4.76% of stocks have scored a 60 or better out of a total of 10,417 scores in our earnings database. This stock has made our Watchlist a total of 3 times and rose by 20 system points from our last update.

FIX is a Large Cap stock and part of the Industrials sector. The industry focus for FIX is Engineering & Construction.

Company Description (courtesy of SEC.gov):

Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

Company Website: https://www.comfortsystemsusa.com

Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: Comfort Systems USA, Inc. (FIX)	33.3	118.83	1.13
– Benchmark Symbol: XLI	30.4	33.96	1.1

 

* Data through November 06, 2024

Lam Research Corporation (LRCX):

Lam Research Corporation (Symbol: LRCX) was recently added to our Cosmic Rays WatchList. LRCX scored a 77 in our fundamental rating system on October 24th, 2024.

At time of writing, only 2.00% of stocks have scored a 70 or better out of a total of 10,417 scores in our earnings database. This stock is on our Watchlist for the first time and rose by 61 system points from our last update.

LRCX is a Large Cap stock and part of the Technology sector. The industry focus for LRCX is Semiconductors.

Company Description (courtesy of SEC.gov):

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.

Company Website: https://www.lamresearch.com

Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: Lam Research Corporation (LRCX)	24.9	20.49	1.48
– Benchmark Symbol: XLK	44.2	32.1	1.2

 

* Data through November 06, 2024

CF Industries Holdings, Inc. (CF):

CF Industries Holdings, Inc. (Symbol: CF) was recently added to our Cosmic Rays WatchList. CF scored a 50 in our fundamental rating system on October 31st, 2024.

At time of writing, only 8.24% of stocks have scored a 50 or better out of a total of 10,417 scores in our earnings database. This stock has made our Watchlist a total of 3 times and rose by 45 system points from our last update.

CF is a Large Cap stock and part of the Basic Materials sector. The industry focus for CF is Agricultural Inputs.

Company Description (courtesy of SEC.gov):

CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products.

Company Website: https://www.cfindustries.com

Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: CF Industries Holdings, Inc. (CF)	13.2	9.31	0.95
– Benchmark Symbol: XLB	18.4	18.9	1.2

 

* Data through November 06, 2024

By InvestMacro – Be sure to join our stock market newsletter to get our updates and to see more top companies we add to our stock watch list.

All information, stock ideas and opinions on this website are for general informational purposes only and do not constitute investment advice. Stock scores are a data driven process through company fundamentals and are not a recommendation to buy or sell a security. Company descriptions provided by sec.gov.