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Best Growth Stocks to Buy for May 16th

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 16th:

Powell Industries (POWL - Free Report) : This metal-working shop which support the petrochemical facilities, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.9% over the last 60 days.

Powell Industries has a PEG ratio of 1.32 compared with 1.57 for the industry. The company possesses a Growth Score of A.

PDD Holdings Inc. (PDD - Free Report) : This company which provides an e-commerce platform allowing users to participate in group buying deals, primarily through Tencent's Wechat app, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18% over the last 60 days.

PDD Holdings has a PEG ratio of 0.34 compared with 0.59 for the industry. The company possesses a Growth Score of A.

MINISO Group Holding Limited (MNSO - Free Report) : This retailer which offers design-led lifestyle products, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.

MINISO Group Holding Limited has a PEG ratio of 0.88 compared with 1.35 for the industry. The company possesses a Growth Score of B.

 

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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Powell Industries, Inc. (POWL) - free report >>

PDD Holdings Inc. (PDD) - free report >>

MINISO Group Holding Limited Unsponsored ADR (MNSO) - free report >>

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