U.S. Markets close in 4 hrs 59 mins

Top Ranked Growth Stocks to Buy for August 8th

Zacks Equity Research

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 8th:

Meritage Homes Corporation (MTH): This home construction company, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.

Meritage Corporation Price and Consensus

Meritage Corporation Price and Consensus

Meritage Corporation price-consensus-chart | Meritage Corporation Quote

Meritage Homes has a PEG ratio of 1.44 compared with 2.04 for the industry. The company possesses a Growth Score of B.

Meritage Corporation PEG Ratio (TTM)

Meritage Corporation PEG Ratio (TTM)

Meritage Corporation peg-ratio-ttm | Meritage Corporation Quote

Shiloh Industries, Inc. (SHLO):This automotive stampings company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 50% over the last 60 days.

Shiloh Industries, Inc. Price and Consensus

Shiloh Industries, Inc. Price and Consensus

Shiloh Industries, Inc. price-consensus-chart | Shiloh Industries, Inc. Quote

Shiloh Industries has a PEG ratio of 3.29, compared with 5.98 for the industry. The company possesses a Growth Score of B.

Shiloh Industries, Inc. PEG Ratio (TTM)

Shiloh Industries, Inc. PEG Ratio (TTM)

Shiloh Industries, Inc. peg-ratio-ttm | Shiloh Industries, Inc. Quote

Teradyne, Inc. (TER): This automatic test equipment developer, which carries a Zacks Rank #2, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.

Teradyne, Inc. Price and Consensus

Teradyne, Inc. Price and Consensus

Teradyne, Inc. price-consensus-chart | Teradyne, Inc. Quote

Teradyne has a PEG ratio of 1.79, compared with 1.97 for the industry. The company possesses a Growth Score of B.

Teradyne, Inc. PEG Ratio (TTM)

Teradyne, Inc. PEG Ratio (TTM)

Teradyne, Inc. peg-ratio-ttm | Teradyne, Inc. Quote

Wesco Aircraft Holdings, Inc. (WAIR): This aerospace and defence company, which carries a Zacks Rank #2, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

Wesco Aircraft Holdings, Inc. Price and Consensus

Wesco Aircraft Holdings, Inc. Price and Consensus

Wesco Aircraft Holdings, Inc. price-consensus-chart | Wesco Aircraft Holdings, Inc. Quote

Wesco Aircraft has a PEG ratio of 0.97, compared with 1.54 for the industry. The company possesses a Growth Score of A.

Wesco Aircraft Holdings, Inc. PEG Ratio (TTM)

Wesco Aircraft Holdings, Inc. PEG Ratio (TTM)

Wesco Aircraft Holdings, Inc. peg-ratio-ttm | Wesco Aircraft Holdings, Inc. Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.

See 7 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Wesco Aircraft Holdings, Inc. (WAIR) : Free Stock Analysis Report
 
Teradyne, Inc. (TER) : Free Stock Analysis Report
 
Shiloh Industries, Inc. (SHLO) : Free Stock Analysis Report
 
Meritage Corporation (MTH) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.