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Best Growth Stocks to Buy for May 20th

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 20th:

Canada Goose Holdings Inc. GOOS: This performance luxury apparel company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.

Canada Goose Holdings Inc. Price and Consensus

Canada Goose Holdings Inc. Price and Consensus

Canada Goose Holdings Inc. price-consensus-chart | Canada Goose Holdings Inc. Quote

Canada Goose has a PEG ratio of 1.29 compared with 1.39 for the industry. The company possesses a Growth Score  of A.

Canada Goose Holdings Inc. PEG Ratio (TTM)

Canada Goose Holdings Inc. PEG Ratio (TTM)

Canada Goose Holdings Inc. peg-ratio-ttm | Canada Goose Holdings Inc. Quote

Powell Industries, Inc. POWL: This custom-engineered equipment and systems company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.

Powell Industries, Inc. Price and Consensus

Powell Industries, Inc. Price and Consensus

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

Powell has a PEG ratio of 1.25 compared with 1.56 for the industry. The company possesses a Growth Score of A.

Powell Industries, Inc. PEG Ratio (TTM)

Powell Industries, Inc. PEG Ratio (TTM)

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

PDD Holdings Inc. PDD: This e-commerce company that operates Pinduoduo carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.6% over the last 60 days.

PDD Holdings Inc. Price and Consensus

PDD Holdings Inc. Price and Consensus

PDD Holdings Inc. price-consensus-chart | PDD Holdings Inc. Quote

PDD Holdings has a PEG ratio of 0.35 compared with 0.58 for the industry. The company possesses a Growth Score of A.

PDD Holdings Inc. PEG Ratio (TTM)

PDD Holdings Inc. PEG Ratio (TTM)

PDD Holdings Inc. peg-ratio-ttm | PDD Holdings Inc. Quote

 

See the full list of top ranked stocks here.

 

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

Zacks Names “Single Best Pick to Double”

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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

Powell Industries, Inc. (POWL) : Free Stock Analysis Report

Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report

PDD Holdings Inc. (PDD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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