Top Ranked Growth Stocks to Buy for May 4th

ASX NHYDY TNK

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 4th:

ASE Technology Holding Co., Ltd. (ASX - Free Report) : This company that provides a range of semiconductors packaging and testing, and electronic manufacturing services carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.8% over the last 60 days.

ASE Technology Holding has a PEG ratio of 0.43, compared with 0.57 for the industry. The company possesses a Growth Score of A.

Norsk Hydro ASA (NHYDY - Free Report) : This integrated aluminum company carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing more than 100% over the last 60 days.

Norsk Hydro has a PEG ratio of 0.23, compared with 0.66 for the industry. The company possesses a Growth Score of A.

Teekay Tankers Ltd. (TNK - Free Report) : This company that provides marine transportation services to oil industries carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.9% over the last 60 days.

Teekay Tankers has a PEG ratio of 0.82, compared with 1.19 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here.

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

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Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>