Investing.com -- As Q3 earnings season is set to begin soon, growth stocks are regaining investor interest, with companies demonstrating revenue acceleration and margin expansion garnering significant attention. Despite macroeconomic challenges, businesses with scalable models, AI integration, and global reach are reaching new highs.
According to WarrenAI, which utilizes InvestingPro’s Fair Value metrics, Pro scores, technical indicators, and analyst consensus, these five companies represent the most compelling growth opportunities this October:
1. Newmont Corporation (NYSE:NEM): The gold mining giant has surged 62.4% over the past year, riding the wave of record gold prices and strategic asset sales. With a robust Pro Score of 3.61 and a bullish analyst consensus (1.86/5), Newmont trades slightly below its Fair Value of $87.79, suggesting further upside potential of 4.2%. Technical indicators show strong buy signals on daily and weekly timeframes, though the overbought RSI (77.9 weekly) indicates potential short-term consolidation. UBS recently reaffirmed Newmont as a top gold sector pick, highlighting its buyback program and operational improvements.
2. Carnival Corporation (NYSE:CCL): The cruise operator has delivered a 60.1% return over the past year, driven by strong booking trends and successful operational turnaround efforts. InvestingPro calculates a Fair Value of $32.72, indicating a 13.8% upside from current levels. Analysts maintain a Strong Buy consensus (1.68), while the 3.14 Pro Score reflects the company’s improved financial position. Q3 results exceeded expectations, with analysts projecting additional growth from new offerings like Celebration Key and potential dividend reinstatement. While short-term technicals show weakness, longer-term indicators signal buying opportunities.
3. Leidos Holdings Inc. (NYSE:LDOS): This government and defense contractor has gained 17.2% over the past year and continues to reach all-time highs. With a Pro Score of 3.16 and 7.5% upside to Fair Value, Leidos combines defense sector stability with AI growth potential. Joint ventures in federal health and digital services provide additional catalysts, while technical indicators show "strong buy" signals across daily and weekly timeframes, though overbought conditions suggest caution.
4. Intuit Inc. (NASDAQGS:INTU): Despite a modest 12.6% annual return, Intuit shows significant growth potential through AI implementation, industry-leading 80.4% margins, and positive earnings revisions from 13 analysts. With a Pro Score of 3.08 and analyst price target of $814.57, Stifel names Intuit a "top large-cap pick." Growth drivers include TurboTax Live expansion and QuickBooks growth, with 71% EPS growth projected for FY2026. Technical signals are mixed, with daily indicators suggesting caution while monthly signals remain strongly positive.
5. The Walt Disney Company (NYSE:DIS): Disney has rebounded 21.0% over the past year as streaming, cruise operations, and intellectual property monetization offset challenges in traditional television. Trading below its Fair Value of $127.23, Disney offers 14.6% upside potential and boasts a perfect Piotroski Score of 9. Analysts project continued margin and earnings improvements through FY2027 and rate the stock a "Strong Buy," with Disney+ expansion, ESPN streaming growth, and cruise line development serving as key catalysts.
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