Top Ranked Growth Stocks to Buy for May 2nd

LPX MEOH MELI CC

Here are four stocks with Zacks Rank #1 (Strong Buy) and strong growth characteristics for investors to consider today, May 2nd:

The Chemours Company (CC - Free Report) : This chemical company has witnessed the Zacks Consensus Estimate for its current year earnings rising 19.3% over the last 60 days.

Chemours has a PEG ratio 0.89, compared with 1.59 for the industry. The company possesses a Growth Score of A.

Mercadolibre, Inc. (MELI - Free Report) : This major online trading platform in Latin America has witnessed the Zacks Consensus Estimate for its current year earnings rising 4.2% over the last 60 days

Mercadolibre has a low PEG ratio of 2.02. The company possesses a Growth Score of A.

Louisiana-Pacific Corporation (LPX - Free Report) : This manufacturer and seller of building products has witnessed the Zacks Consensus Estimate for its current year earnings rising 12.6% over the last 60 days.

Louisiana-Pacific has a low PEG ratio of 3.4. The company possesses a Growth Score of A.

Methanex Corporation (MEOH - Free Report) : This producer and supplier of methanol has witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.

Methanex has a PEG ratio 0.61, compared with 1.57 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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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 >>