Top Ranked Growth Stocks to Buy for August 5th

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 5th:


Columbia Sportswear Company


COLM

: This global leader in design, sourcing, marketing and distribution of active outdoor apparel and footwear carries a Zacks Rank #1 (Strong Buy) and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

Columbia Sportswear has a PEG ratio of 0.66, compared with 1.18 for the industry. The company possesses a

Growth Score

of B.


Tempur Sealy International, Inc.


TPX

: This company that is involved in the development, manufacturing and marketing of bedding products carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.

Tempur Sealy has a PEG ratio of 0.61, compared with 0.85 for the industry. The company possesses a Growth Score of B.


ArcBest Corporation


ARCB

: This company that provides freight transportation services and solutions carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.3% over the last 60 days.

ArcBest has a PEG ratio of 0.48, compared with 0.93 for the industry. The company possesses a Growth Score of B.


ON Semiconductor Corporation


ON

: This supplier of broadband and power management integrated circuits and standard semiconductors carries a Zacks Rank #1 and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 26.4% over the last 60 days.

ON Semiconductor has a PEG ratio of 0.36, compared with 3.41 for the industry. The company possesses a Growth Score of A.

See the

full list of top ranked stocks here.

Learn more about the

Growth score and how it is calculated here.


Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.


See 3 crypto-related stocks now >>

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


To read this article on Zacks.com click here.


Zacks Investment Research