In the latest episode of the Zacks Market Edge Podcast, host Tracey Ryniec highlighted five stocks that are performing well despite a challenging October for many equities. The episode focused on companies that are breaking out rather than breaking down, offering a positive outlook amid market volatility.
Palantir Technologies Inc. (PLTR) was the first stock on the list, with Ryniec noting its impressive 93% year-over-year revenue growth in the second quarter. The company also raised its FY2026 revenue guidance. Although shares are near all-time highs, they are up just 12.8% year-to-date. Palantir is expected to grow earnings by 118.7% in FY2026 and 40.9% in FY2027, but it trades at a high forward P/E of 122.
BP p.l.c. (BP) was highlighted for its strong performance, with shares up 39.5% year-to-date and at new 5-year highs. The company is benefiting from high oil prices due to the Iran War, with earnings expected to jump 162.8% in 2026. BP offers a dividend yield of 4.2% and is currently a Zacks Rank #1 (Strong Buy).
Palo Alto Networks, Inc. (PANW) was noted for its growth in cybersecurity, with shares up 101% year-to-date. The company is expected to see earnings rise 8.8% in fiscal 2027 and 17.5% in fiscal 2028. However, it trades at a high forward P/E of 90. Visa Inc. (V) was praised for its consistent earnings growth, with shares up 14% year-to-date and a forward P/E of 26.
AbbVie Inc. (ABBV) was the final stock on the list, with shares up 24% year-to-date and earnings expected to jump 39.7% in 2026. However, it is currently a Zacks Rank #4 (Sell) stock, with four estimates cut for 2026 in the last seven days. AbbVie pays a dividend yielding 2.4%.