Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 15th:

Arcos Dorados Holdings Inc. (ARCO Quick QuoteARCO - Free Report) : This franchisee of McDonald’s restaurants carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.1% over the last 60 days.

Arcos Dorados Holdings Inc. Price and Consensus

Arcos Dorados Holdings Inc. price-consensus-chart | Arcos Dorados Holdings Inc. Quote

Arcos Dorados has a PEG ratio of 1.58 compared with 1.68 for the industry. The company possesses a Growth Score of A.

Arcos Dorados Holdings Inc. PEG Ratio (TTM)

Arcos Dorados Holdings Inc. peg-ratio-ttm | Arcos Dorados Holdings Inc. Quote

PulteGroup, Inc. (PHM Quick QuotePHM - Free Report) : This homebuilding company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.6% over the last 60 days.

PulteGroup, Inc. Price and Consensus

PulteGroup, Inc. price-consensus-chart | PulteGroup, Inc. Quote

PulteGroup has a PEG ratio of 0.47 compared with 0.68 for the industry. The company possesses a Growth Score of B.

PulteGroup, Inc. PEG Ratio (TTM)

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

The Clorox Company (CLX Quick QuoteCLX - Free Report) : This consumer and professional products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 5% over the last 60 days.

The Clorox Company Price and Consensus

The Clorox Company price-consensus-chart | The Clorox Company Quote

Clorox has a PEG ratio of 3.04. compared with 3.12 for the industry. The company possesses a Growth Score of B.

The Clorox Company PEG Ratio (TTM)

The Clorox Company peg-ratio-ttm | The Clorox Company Quote

See the full list of top ranked stocks here.

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