Best Growth Stocks to Buy for August 15th

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 15th:

Suzano SUZ: This company which is a producer of eucalyptus pulp as well as paper producers, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.5% over the last 60 days.

Suzano S.A. Sponsored ADR Price and Consensus

Suzano S.A. Sponsored ADR price-consensus-chart | Suzano S.A. Sponsored ADR Quote

Suzano has a PEG ratio of 0.10 compared with 0.41 for the industry. The company possesses a Growth Score of B.

Suzano S.A. Sponsored ADR PEG Ratio (TTM)

Suzano S.A. Sponsored ADR peg-ratio-ttm | Suzano S.A. Sponsored ADR Quote

Futu Holdings FUTU: This technology company which offers a digitized brokerage platform, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.

Futu Holdings Limited Sponsored ADR Price and Consensus

Futu Holdings Limited Sponsored ADR price-consensus-chart | Futu Holdings Limited Sponsored ADR Quote

Futu Holdings has a PEG ratio of 1.08 compared with 1.15 for the industry. The company possesses a Growth Score of B.

Futu Holdings Limited Sponsored ADR PEG Ratio (TTM)

Futu Holdings Limited Sponsored ADR peg-ratio-ttm | Futu Holdings Limited Sponsored ADR Quote

Western Digital WDC: This company which is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14% over the last 60 days.

Western Digital Corporation Price and Consensus

Western Digital Corporation price-consensus-chart | Western Digital Corporation Quote

Western Digital has a PEG ratio of 0.85 compared with 1.75 for the industry. The company possesses a Growth Score of B.

Western Digital Corporation PEG Ratio (TTM)

Western Digital Corporation peg-ratio-ttm | Western Digital Corporation Quote

See the full list of top ranked stocks here.

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

Zacks Names #1 Semiconductor Stock

This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.

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This article originally published on Zacks Investment Research (zacks.com).

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