Top Ranked Growth Stocks to Buy for November 20th

LRCX LITE

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, November 20th:

Echo Global Logistics, Inc. : This provider of technology-enabled transportation services, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20.3% over the last 60 days.

Echo Global Logistics has a PEG ratio 1.92, compared with 1.96 for the industry. The company possesses a Growth Score of A.

Lam Research Corporation (LRCX - Free Report) : This designer of semiconductor processing equipment, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 15.8% over the last 60 days.

Lam Research has a PEG ratio 0.97, compared with 1.16 for the industry. The company possesses a Growth Score of A.

Statoil ASA : This energy company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days.

Statoil ASA has a PEG ratio 0.64, compared with 2.57 for the industry. The company possesses a Growth Score of A.

Lumentum Holdings Inc. (LITE - Free Report) : This manufacturer of optical and photonic products, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 13.7% over the last 60 days.

Lumentum Holdings has a PEG ratio 0.88, compared with 3.66 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.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

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 >>