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Top Ranked Growth Stocks to Buy for August 1st

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 1st:

UnitedHealth Group Incorporated (UNH - Free Report) : This diversified health care company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days.

UnitedHealth Group has a PEG ratio 1.51, compared with 1.84 for the industry. The company possesses a Growth Score of A.

Ulta Beauty, Inc. (ULTA - Free Report) : This beauty retailer, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 0.2% over the last 60 days.

Ulta Beauty has a PEG ratio 1.20, compared with 1.23 for the industry. The company possesses a Growth Score of A.

Steel Dynamics, Inc. (STLD - Free Report) : This steel company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.8% over the last 60 days.

Steel Dynamics has a PEG ratio 0.75, compared with 1.36 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.

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UnitedHealth Group Incorporated (UNH) - free report >>

Steel Dynamics, Inc. (STLD) - free report >>

Ulta Beauty Inc. (ULTA) - free report >>