Best Growth Stocks to Buy for August 7th

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 7th:

Chewy CHWY: This company which operates as an online pet retailer, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.

Chewy Price and Consensus

Chewy price-consensus-chart | Chewy Quote

Chewy’s has a PEG ratio of 0.80 compared with 2.07 for the industry. The company possesses a Growth Score of A.

Chewy PEG Ratio (TTM)

Chewy peg-ratio-ttm | Chewy Quote

Daktronics DAKT: This company which has strong leadership positions in, and is one of the world’s largest suppliers of, electronic scoreboards, computer-programmable displays, and large screen video displays and control systems, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 34.5% over the last 60 days.

Daktronics, Inc. Price and Consensus

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

Daktronics has a PEG ratio of 0.40 compared with 0.46 for the industry. The company possesses a Growth Score of B.

Daktronics, Inc. PEG Ratio (TTM)

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

GormanRupp GRC: This company which designs, manufactures and sells pumps and related equipment, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days.

Gorman-Rupp Company (The) Price and Consensus

Gorman-Rupp Company (The) price-consensus-chart | Gorman-Rupp Company (The) Quote

GormanRupp has a PEG ratio of 1.57 compared with 1.65 for the industry. The company possesses a Growth Score of B.

Gorman-Rupp Company (The) PEG Ratio (TTM)

Gorman-Rupp Company (The) peg-ratio-ttm | Gorman-Rupp Company (The) 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 handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

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.

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