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Top Ranked Growth Stocks to Buy for August 17th

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Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 17th:

Advanced Drainage Systems, Inc. (WMS - Free Report) : This company that designs, manufactures, and markets thermoplastic corrugated pipes and related water management products carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 58.8% over the last 60 days.

Advanced Drainage Systems has a PEG ratio of 0.51 compared with 1.68 for the industry. The company possesses a Growth Scoreof A.

BG Staffing, Inc. (BGSF - Free Report) : This workforce solutions and placement services provider carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.

BG Staffing has a PEG ratio of 0.0.63, compared with 2.83 for the industry. The company possesses a Growth Score of B.

BG Staffing Inc PEG Ratio (TTM)

BG Staffing Inc PEG Ratio (TTM)

BG Staffing Inc peg-ratio-ttm | BG Staffing Inc Quote

Dropbox, Inc. (DBX - Free Report) : This collaboration platform, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

Dropbox has a PEG ratio of 0.73, compared with 3.48 for the industry. The company possesses a Growth Score of B.

Dropbox, Inc. PEG Ratio (TTM)

Dropbox, Inc. PEG Ratio (TTM)

Dropbox, Inc. peg-ratio-ttm | Dropbox, Inc. Quote

Meritage Homes Corporation (MTH - Free Report) : This company that designs and builds single-family homes carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 53.9% over the last 60 days.

Meritage Homes has a PEG ratio of 0.58, compared with 1.21 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.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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