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Top Ranked Growth Stocks to Buy for August 23rd

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Moving Average Crossover Alert: Eagle Pharmaceuticals (EGRX)

Eagle Pharmaceuticals (EGRX) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 23rd:

Patrick Industries, Inc. (PATK): This distributor of building products, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.3% over the last 60 days.

Patrick Industries, Inc. Price and Consensus

Patrick Industries, Inc. Price and Consensus

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

Patrick Industries has a PEG ratio of 0.90, compared with 1.10 for the industry. The company possesses a Growth Score of A.

Patrick Industries, Inc. PEG Ratio (TTM)

Patrick Industries, Inc. PEG Ratio (TTM)

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

Triton International Limited (TRTN): This rental and leasing services provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 0.7% over the last 60 days.

Triton International Limited Price and Consensus

Triton International Limited Price and Consensus

Triton International Limited price-consensus-chart | Triton International Limited Quote

Triton has a PEG ratio 0.90, compared with 1.45 for the industry. The company possesses a Growth Score of B.

Triton International Limited PEG Ratio (TTM)

Triton International Limited PEG Ratio (TTM)

Triton International Limited peg-ratio-ttm | Triton International Limited Quote

Cadence Design Systems, Inc. (CDNS): This electronic design automation software provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 3.7% over the last 60 days.

Cadence Design Systems, Inc. Price and Consensus

Cadence Design Systems, Inc. Price and Consensus

Cadence Design Systems, Inc. price-consensus-chart | Cadence Design Systems, Inc. Quote

Cadence Design has a PEG ratio of 2.26, compared with 13.42 for the industry. The company possesses a Growth Score of A.

Cadence Design Systems, Inc. PEG Ratio (TTM)

Cadence Design Systems, Inc. PEG Ratio (TTM)

Cadence Design Systems, Inc. peg-ratio-ttm | Cadence Design Systems, Inc. Quote

See the full list of top ranked stocks here                                    

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

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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