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Top Ranked Growth Stocks to Buy for October 2nd

Zacks Equity Research
·2 min read

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 2nd:

Zoom Video Communications, Inc. (ZM): This provider of a video-first communications platform which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 88.1% over the last 60 days.

Zoom Video Communications, Inc. Price and Consensus

Zoom Video Communications, Inc. Price and Consensus
Zoom Video Communications, Inc. Price and Consensus

Zoom Video Communications, Inc. price-consensus-chart | Zoom Video Communications, Inc. Quote

Zoom Video has a PEG ratio of 8.14, compared with 16.39 for the industry. The company possesses a Growth Score of A.

Zoom Video Communications, Inc. PEG Ratio (TTM)

Zoom Video Communications, Inc. PEG Ratio (TTM)
Zoom Video Communications, Inc. PEG Ratio (TTM)

Zoom Video Communications, Inc. peg-ratio-ttm | Zoom Video Communications, Inc. Quote

FedEx Corporation (FDX): This provider of transportation, e-commerce, and business services, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 51% over the last 60 days.

FedEx Corporation Price and Consensus

FedEx Corporation Price and Consensus
FedEx Corporation Price and Consensus

FedEx Corporation price-consensus-chart | FedEx Corporation Quote

FedEx has a PEG ratio of 1.40, compared with 2.96 for the industry. The company possesses a Growth Score of A.

FedEx Corporation PEG Ratio (TTM)

FedEx Corporation PEG Ratio (TTM)
FedEx Corporation PEG Ratio (TTM)

FedEx Corporation peg-ratio-ttm | FedEx Corporation Quote

Meritage Homes Corporation (MTH): This designer and builder of single-family homeswhich carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.5% over the last 60 days.

Meritage Homes Corporation Price and Consensus

Meritage Homes Corporation Price and Consensus
Meritage Homes Corporation Price and Consensus

Meritage Homes Corporation price-consensus-chart | Meritage Homes Corporation Quote

Meritage has a PEG ratio of 0.52, compared with 1.02 for the industry. The company possesses a Growth Score of A.

Meritage Homes Corporation PEG Ratio (TTM)

Meritage Homes Corporation PEG Ratio (TTM)
Meritage Homes Corporation PEG Ratio (TTM)

Meritage Homes Corporation peg-ratio-ttm | Meritage Homes Corporation Quote

See the full list of top ranked stocks here

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

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech 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
 
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
 
Meritage Homes Corporation (MTH) : Free Stock Analysis Report
 
FedEx Corporation (FDX) : Free Stock Analysis Report
 
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Zacks Investment Research