Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, August 1st:

Panasonic Holdings Corporation : This electrical and electronic products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days.

Panasonic Corp. Price and Consensus

Panasonic Corp. price-consensus-chart | Panasonic Corp. Quote

Panasonic has a PEG ratio of 0.55 compared with 4.18 for the industry. The company possesses a Growth Score  of A.

Panasonic Corp. PEG Ratio (TTM)

Panasonic Corp. peg-ratio-ttm | Panasonic Corp. Quote

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 5.6% 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 1.56 compared with 2.29 for the industry. The company possesses a Growth Score of B.

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 23.6% over the last 60 days.

PulteGroup, Inc. Price and Consensus

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

PulteGroup has a PEG ratio of 0.72 compared with 0.79 for the industry. The company possesses a Growth Score of B.

PulteGroup, Inc. PEG Ratio (TTM)

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

See the full list of top ranked stocks here.

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