Best Growth Stocks to Buy for August 6th

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 6:

Sanmina Corporation SANM: This global provider of electronics contract manufacturing services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 6% over the last 60 days.

Sanmina has a PEG ratio of 0.64 compared with 1.01 for the industry. The company possesses a Growth Score of B.

Oscar Health, Inc. OSCR: This healthcare technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 138.3% over the last 60 days.

Oscar Health has a PEG ratio of 0.89 compared with 0.95 for the industry. The company possesses a Growth Score of A.

PENN Entertainment, Inc. PENN: This operator of casinos, online sports betting, gaming, and integrated entertainment platforms carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.8% over the last 60 days.

PENN has a PEG ratio of 0.40 compared with 0.75 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.

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. 

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

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