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Top Ranked Growth Stocks to Buy for October 2nd

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 2nd:

Zoom Video Communications, Inc. (ZM - Free Report) : This provider of a video-first communications platform which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 88.1% over the last 60 days.

Zoom Video Communications, Inc. Price and Consensus

Zoom Video has a PEG ratio of 8.14, compared with 16.39 for the industry. The company possesses a Growth Score of A.

Zoom Video Communications, Inc. PEG Ratio (TTM)

FedEx Corporation (FDX - Free Report) : This provider of transportation, e-commerce, and business services, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 51% over the last 60 days.

FedEx Corporation Price and Consensus

FedEx has a PEG ratio of 1.40, compared with 2.96 for the industry. The company possesses a Growth Score of A.

FedEx Corporation PEG Ratio (TTM)

Meritage Homes Corporation (MTH - Free Report) : This designer and builder of single-family homeswhich carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.5% over the last 60 days.

Meritage Homes Corporation Price and Consensus

Meritage has a PEG ratio of 0.52, compared with 1.02 for the industry. The company possesses a Growth Score of A.

Meritage Homes Corporation PEG Ratio (TTM)

See the full list of top ranked stocks here

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

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


In-Depth Zacks Research for the Tickers Above


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Zoom Video Communications, Inc. (ZM) - free report >>

Meritage Homes Corporation (MTH) - free report >>

FedEx Corporation (FDX) - free report >>