Best Growth Stocks to Buy for February 8th

TXT RCL SANM

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 8:

Textron Inc. (TXT - Free Report) : This company that operates in the aircraft, defense, industrial, and finance businesses carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.

Textron has a PEG ratio of 1.22 compared with 2.04 for the industry. The company possesses a Growth Score of B.

Royal Caribbean Cruises Ltd. (RCL - Free Report) : This cruise company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.

Royal Caribbean Cruises has a PEG ratio of 0.48 compared with 1.09 for the industry. The company possesses a Growth Score of A.

Sanmina Corporation (SANM - Free Report) : This manufacturing solutions provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2% over the last 60 days.

Sanmina Corporation has a PEG ratio of 0.78 comparedwith 1.21 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 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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