Zacks highlights three stocks with Rank #1 buy ratings and strong momentum characteristics as of October 13. Repsol (REPYY) showed 16.4% gains over three months with a 23.3% earnings estimate increase. Target (TGT) gained 15.5% with a 24.3% earnings estimate increase. Calumet (CLMT) surged 44.5% with an 8.6% earnings estimate increase, though with a lower momentum score.

Zacks.com identified five stocks with strong efficiency ratios across receivables turnover, asset utilization, inventory turnover, and operating margin metrics. The selected companies—Roku, Forum Energy Technologies, Calumet, TechnipFMC, and Shell—were filtered from over 7,906 stocks based on their operational effectiveness and financial health indicators.

ConocoPhillips (COP) has gained 38.2% year-to-date, outperforming the Oils-Energy sector average of 35.6%, with a Zacks Rank #1 (Strong Buy) rating and improved earnings estimates. Calumet, Inc. (CLMT) has significantly outperformed with a 182.9% year-to-date return and a Zacks Rank #1 rating, driven by a 376.5% increase in consensus EPS estimates over three months.

Zacks highlights three stocks with Rank #1 (Strong Buy) ratings and positive momentum characteristics as of October 6. Chevron Corporation (CVX) has seen earnings estimates increase 11.1% over 60 days with 18.6% share gains in three months. SanDisk Corporation (SNDK) shows 10.6% earnings estimate growth and 5.3% share gains. Calumet, Inc. (CLMT) demonstrates the strongest performance with 15.3% earnings estimate growth and 50.7% share gains over three months.

Zacks has added five stocks to its Strong Buy list today: Sandisk Corporation, Calumet Inc., Chevron Corporation, H&R Block Inc., and Goldman Sachs BDC Inc. All five companies have seen their consensus earnings estimates increase over the last 60 days, ranging from 8.1% to 15.3%.

Pomerantz LLP is investigating potential securities fraud claims against Calumet, Inc. following the company's August 7, 2026 earnings report. Calumet disclosed significant operational challenges including a $6.2 million EBITDA decline in its Performance Brands segment due to input cost spikes and timing issues, over $40 million in foregone margins at Montana Renewables from production downtime, and a strategic delay in SAF production ramp-up. The stock fell 5.73% to $39.48 per share on the news.

Calumet stock rallied over 4% after announcing it would redeem $100 million in senior notes maturing in 2028 as part of a broader debt reduction strategy. The company is paying a premium of 102.4% of par value and has also reduced revolving credit facility borrowings. However, the company remains highly leveraged with long-term debt of $2.3 billion against $2.8 billion in assets.

The global aliphatic hydrocarbon solvents and thinners market is projected to grow from USD 5.26 billion in 2026 to USD 6.81 billion by 2032, with a 4.4% CAGR. Growth is driven by rising demand in coatings, adhesives, and industrial maintenance sectors, particularly in Asia Pacific. Mineral spirits lead the market segment, while paints and coatings represent the largest application area. Key industry players are leveraging partnerships and expansions to strengthen market positions.

Calumet's stock dropped nearly 11% on Friday after the oil products company reported fourth-quarter 2025 earnings that missed profitability expectations. While the company achieved 9% revenue growth to $1.04 billion and exceeded analyst revenue estimates, it significantly underperformed on net loss per share ($0.43 vs. expected $0.22). Two of three divisions saw declining adjusted EBITDA, though the specialty products division showed strong growth. Despite CEO claims of $100 million in cost reductions and balance sheet improvements, the analyst remains cautious about the company's growth trajectory.

Calumet reported Q3 2025 earnings with sales decline of 2% but a significant profit turnaround, driven by cost reduction initiatives. The company also announced a Q2 financial restatement that could improve operating cash flow by $80 million.

The global industrial wax market is expected to grow at a CAGR of 4.4% from 2019 to 2034, driven by the increasing use of paraffin wax in packaging and the rising demand for sustainable and synthetic wax formulations.

The U.S. Department of Energy (DOE) announced conditional loan guarantees of nearly $3 billion to fund projects for the production of sustainable aircraft fuel (SAF) by Calumet and Gevo. This news initially sent the stocks of these two companies surging higher.