Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 2nd:

Lifeway Foods, Inc. (LWAY Quick QuoteLWAY - Free Report) : This probiotic products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.

Lifeway Foods, Inc. Price and Consensus

Lifeway Foods, Inc. price-consensus-chart | Lifeway Foods, Inc. Quote

Lifeway Foods has a price-to-earnings ratio (P/E) of 19.16, compared with 21.20 for the S&P 500. The company possesses a  Value Score  of B.

Lifeway Foods, Inc. PE Ratio (TTM)

Lifeway Foods, Inc. pe-ratio-ttm | Lifeway Foods, Inc. Quote

New Gold Inc. (NGD Quick QuoteNGD - Free Report) : This gold mining company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days.

New Gold Inc. Price and Consensus

New Gold Inc. price-consensus-chart | New Gold Inc. Quote

New Gold has a price-to-earnings ratio (P/E) of 13.90, compared with 21.20 for the S&P 500. The company possesses a Value Score of A.

New Gold Inc. PE Ratio (TTM)

New Gold Inc. pe-ratio-ttm | New Gold Inc. Quote

Global Partners LP (GLP Quick QuoteGLP - Free Report) : This oil, gasoline and propane company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 13% over the last 60 days.

Global Partners LP Price and Consensus

Global Partners LP price-consensus-chart | Global Partners LP Quote

Global Partners has a price-to-earnings ratio (P/E) of 13.92, compared with 21.20 for the S&P 500. The company possesses a Value Score of A.

Global Partners LP PE Ratio (TTM)

Global Partners LP pe-ratio-ttm | Global Partners LP Quote

See the full list of top ranked stocks here.

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