Best Growth Stocks to Buy for May 6th – May 6, 2024

Three stocks with buy ranks and strong growth characteristics for investors to consider today are JD.com, Inc., Powell Industries, Inc., and PDD Holdings Inc.

JD.com, Inc. is a supply chain-based technologies and services company with a Zacks Rank #1. The company has seen its Zacks Consensus Estimate for next year earnings increase by nearly 3% over the last 60 days. JD.com has a PEG ratio of 0.24, lower than the industry average of 0.55, and a Growth Score of A.

Powell Industries, Inc. is a custom-engineered equipment and systems company also with a Zacks Rank #1. The company has witnessed its Zacks Consensus Estimate for current year earnings increase by 19.9% over the last 60 days. Powell has a PEG ratio of 1.26 compared to the industry average of 1.51, and a Growth Score of A.

PDD Holdings Inc., an e-commerce company that operates Pinduoduo, carries a Zacks Rank #1 as well. The company has seen its Zacks Consensus Estimate for current year earnings increase by almost 18% over the last 60 days. PDD Holdings has a PEG ratio of 0.34, lower than the industry average of 0.55, and a Growth Score of A.

Investors can explore the full list of top ranked stocks and learn more about the Growth score and how it is calculated.

Comments (0)
Add Comment