Best Growth Stocks to Buy for June 22nd

AVT MPC CDNS

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, June 22nd:

Marathon Petroleum (MPC - Free Report) : This Findlay-based company which is a leading independent refiner, transporter and marketer of petroleum products, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 92.4% over the last 60 days.

Marathon Petroleum has a PEG ratio of 0.33 compared with 0.54 for the industry. The company possesses a Growth Score of A.

Cadence Design Systems (CDNS - Free Report) : This San Jose-basedcompanythat offers products and tools that help customers to design electronic products, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.

Cadence Design Systems has a PEG ratio of 2.21 compared with 9.34 for the industry. The company possesses a Growth Score of A.

Avnet (AVT - Free Report) :  This company which is one of the world’s largest distributors of electronic components and computer products,carries a Zacks Rank #1(strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.5% over the last 60 days.

Avnet has a PEG ratio of 0.17 compared with 0.52 for the industry. The company possesses a Growth Score of B.

 

See the full list of top ranked stocks here.

 

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

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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