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Top Ranked Growth Stocks to Buy for August 16th

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Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 16th:

United Rentals, Inc. (URI - Free Report) : This equipment rental company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 3% over the last 60 days.

United Rentals has a PEG ratio 0.53, compared with 1.06 for the industry. The company possesses a Growth Score of A.

QuinStreet, Inc. (QNST - Free Report) : This internet performance marketing company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 14.3% over the last 60 days.

QuinStreet has a PEG ratio 0.89, compared with 1.29 for the industry. The company possesses a Growth Score of A.

Patrick Industries, Inc. (PATK - Free Report) : This distributor of building products, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 3.1% over the last 60 days.

Patrick Industries has a PEG ratio 1.03, compared with 1.06 for the industry. The company possesses a Growth Score of A.

Cadence Design Systems, Inc. (CDNS - Free Report) : This electronic design automation software provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 3.7% over the last 60 days.

Cadence Design Systems has a PEG ratio 2.27, compared with 11.73 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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