Best Growth Stocks to Buy for August 3rd

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 3:

Schneider National, Inc. SNDR: This provider of truckload, intermodal, and logistics services a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.

Schneider National has a PEG ratio of 0.91 compared with 1.62 for the industry. The company possesses a Growth Score of B.

National Energy Services Reunited Corp. NESR: This oilfield services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

NESR has a PEG ratio of 0.31 compared with 0.57 for the industry. The company possesses a Growth Score of B.

Five Below, Inc. FIVE: This specialty value retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.

Five Below has a PEG ratio of 1.14 compared with 2.37 for the industry. The company possesses a Growth Score of A.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

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

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