Best Growth Stocks to Buy for August 20th

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

Ralph Lauren RL: This company which is a major designer, marketer and distributor of premium lifestyle products in North America, Europe, Asia, and internationally, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Ralph Lauren Corporation Price and Consensus

Ralph Lauren Corporation price-consensus-chart | Ralph Lauren Corporation Quote

Ralph Lauren has a PEG ratio of 1.44 compared with 1.75 for the industry. The company possesses a Growth Score of A.

Ralph Lauren Corporation PEG Ratio (TTM)

Ralph Lauren Corporation peg-ratio-ttm | Ralph Lauren Corporation Quote

LATAM Airlines Group LTM: This company which is Latin America’s leading airline which provide domestic services in Brazil, Chile, Peru, Colombia and Ecuador, as well as regional flights and long-haul operations, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days.

LATAM Airlines Group S.A. Price and Consensus

LATAM Airlines Group S.A. price-consensus-chart | LATAM Airlines Group S.A. Quote

LATAM Airlines has a PEG ratio of 0.44 compared with 0.48 for the industry. The company possesses a Growth Score of A.

LATAM Airlines Group S.A. PEG Ratio (TTM)

LATAM Airlines Group S.A. peg-ratio-ttm | LATAM Airlines Group S.A. Quote

Shinhan Financial Group Co SHG: This company which is Korea's largest financial services company, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days.

Shinhan Financial Group Co Ltd Price and Consensus

Shinhan Financial Group Co Ltd price-consensus-chart | Shinhan Financial Group Co Ltd Quote

Shinhan Financial Group has a PEG ratio of 0.52 compared with 1.00 for the industry. The company possesses a Growth Score of B.

Shinhan Financial Group Co Ltd PEG Ratio (TTM)

Shinhan Financial Group Co Ltd peg-ratio-ttm | Shinhan Financial Group Co Ltd Quote

See the full list of top ranked stocks here.

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

#1 Semiconductor Stock to Buy (Not NVDA)

The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.

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

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

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