Best Growth Stocks to Buy for July 5th

Zacks Equity Research Published on July 05, 2023

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 5th:

MINISO Group Holding Limited (MNSO - Free Report) : This retailer and wholesaler of lifestyle products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.6% over the last 60 days.

MINISO has a PEG ratio of 0.34 compared with 0.64 for the industry. The company possesses a Growth Score of A.

Siemens Aktiengesellschaft (SIEGY - Free Report) : This technology company focusing on the areas of automation and digitalization carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16% over the last 60 days.

Siemens has a PEG ratio of 0.46 compared with 0.77 for the industry. The company possesses a Growth Score of B.

InterDigital, Inc. (IDCC - Free Report) : This company that designs and develops technologies that enable and enhance wireless communications carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 62.6% over the last 60 days.

InterDigital has a PEG ratio of 0.86 compared with 1.13 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.

Zacks Reveals ChatGPT "Sleeper" Stock

One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

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