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Top Ranked Growth Stocks to Buy for October 10th

Zacks Equity Research

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, October 10th:

Genesco Inc. (GCO): This specialty retail company, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.

Genesco Inc. Price and Consensus

Genesco Inc. Price and Consensus

Genesco Inc. price-consensus-chart | Genesco Inc. Quote

Genesco has a PEG ratio of 1.83 compared with 3.07 for the industry. The company possesses a Growth Score of A.

Genesco Inc. PEG Ratio (TTM)

Genesco Inc. PEG Ratio (TTM)

Genesco Inc. peg-ratio-ttm | Genesco Inc. Quote

Meritage Homes Corporation (MTH):This home construction company, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% 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 1.56, compared with 2.58 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

Northrop Grumman Corporation (NOC): This aerospace and defense company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.1% over the last 60 days.

Northrop Grumman Corporation Price and Consensus

Northrop Grumman Corporation Price and Consensus

Northrop Grumman Corporation price-consensus-chart | Northrop Grumman Corporation Quote

Northrop Grumman has a PEG ratio of 1.51, compared with 1.65 for the industry. The company possesses a Growth Score of A.

Northrop Grumman Corporation PEG Ratio (TTM)

Northrop Grumman Corporation PEG Ratio (TTM)

Northrop Grumman Corporation peg-ratio-ttm | Northrop Grumman Corporation Quote

Merck & Co., Inc. (MRK): This pharmaceutical company, which carries a Zacks Rank #2, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.8% over the last 60 days.

Merck & Co., Inc. Price and Consensus

Merck & Co., Inc. Price and Consensus

Merck & Co., Inc. price-consensus-chart | Merck & Co., Inc. Quote

Merck has a PEG ratio of 1.71, compared with 1.88 for the industry. The company possesses a Growth Score of B.

Merck & Co., Inc. PEG Ratio (TTM)

Merck & Co., Inc. PEG Ratio (TTM)

Merck & Co., Inc. peg-ratio-ttm | Merck & Co., Inc. Quote

See the full list of top ranked stocks here.

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

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


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Northrop Grumman Corporation (NOC) : Free Stock Analysis Report
 
Meritage Corporation (MTH) : Free Stock Analysis Report
 
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Genesco Inc. (GCO) : Free Stock Analysis Report
 
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