Best Growth Stocks to Buy for August 1st

CSL MPC URI

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

United Rentals, Inc. (URI - Free Report) : This building equipment rental company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days.

United Rentals, Inc. Price and Consensus

United Rentals has a PEG ratio of 0.61 compared with 0.80 for the industry. The company possesses a Growth Score of A.

United Rentals, Inc. PEG Ratio (TTM)

Carlisle Companies Incorporated (CSL - Free Report) : This operator of diversified manufacturer of engineered products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.6% over the last 60 days.

Carlisle Companies Incorporated Price and Consensus

Cralisle has a PEG ratio of 0.86 compared with 1.39 for the industry. The company possesses a Growth Score of B.

Carlisle Companies Incorporated PEG Ratio (TTM)

Marathon Petroleum Corporation (MPC - Free Report) : This integrated downstream energy company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 72.3% over the last 60 days.

Marathon Petroleum Corporation Price and Consensus

Marathon Petroleum has a PEG ratio of 0.25 compared with 0.48 for the industry. The company possesses a Growth Score of B.

Marathon Petroleum Corporation PEG Ratio (TTM)

 

See the full list of top ranked stocks here.

 

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

Zacks Names #1 Semiconductor Stock

It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.

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