Back to top

Image: Bigstock

Best Growth Stocks to Buy for May 16th

Read MoreHide Full Article

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 16th:

Powell Industries (POWL - Free Report) : This metal-working shop which support the petrochemical facilities, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.

Powell Industries has a PEG ratio of 1.32 compared with 1.57 for the industry. The company possesses a Growth Score of A.

PDD Holdings Inc. (PDD - Free Report) : This company which provides an e-commerce platform allowing users to participate in group buying deals, primarily through Tencent's Wechat app, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18% over the last 60 days.

PDD Holdings has a PEG ratio of 0.34 compared with 0.59 for the industry. The company possesses a Growth Score of A.

MINISO Group Holding Limited (MNSO - Free Report) : This retailer which offers design-led lifestyle products, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.

MINISO Group Holding Limited has a PEG ratio of 0.88 compared with 1.35 for the industry. The company possesses a Growth Score of B.

 

See the full list of top ranked stocks here.

 

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

Published in