Best Growth Stocks to Buy for August 9th

LNG MPC HSBC

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 9th:

Cheniere Energy, Inc. (LNG - Free Report) : This energy infrastructure company primarily engaged in the business of liquefied natural gas carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.

Cheniere Energy, Inc. Price and Consensus

Cheniere has a PEG ratio of 0.16 compared with 0.18 for the industry. The company possesses a Growth Score of A.

Cheniere Energy, Inc. PEG Ratio (TTM)

HSBC Holdings plc (HSBC - Free Report) : This banking and financial services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days.

HSBC Holdings plc Price and Consensus

HSBC has a PEG ratio of 0.47 compared with 0.79 for the industry. The company possesses a Growth Score of B.

HSBC Holdings plc 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 53.7% over the last 60 days.

Marathon Petroleum Corporation Price and Consensus

Marathon Petroleum has a PEG ratio of 0.20 compared with 0.40 for the industry. The company possesses a Growth Score of A.

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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