Top Ranked Growth Stocks to Buy for July 23rd

BIG SFM

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 23rd:

Sprouts Farmers Market, Inc. (SFM - Free Report) : This grocery stores operator, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.

Sprouts Farmers Market has a PEG ratio of 1.75 compared with 2.12 for the industry. The company possesses a Growth Score of A.

Legg Mason, Inc. : This asset management holding company, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 days.

Legg Mason has a PEG ratio of 1.49, compared with 3.08 for the industry. The company possesses a Growth Score of A.

Big Lots, Inc. (BIG - Free Report) : This retailer, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

See the full list of top ranked stocks here.

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

The Hottest Tech Mega-Trend of All                

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>