Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Oct. 21:

Skillsoft Corp. (SKIL Quick QuoteSKIL - Free Report) : This instructor-led training services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 240.9% over the last 60 days.

Skillsoft has a PEG ratio of 0.47 compared with 0.93 for the industry. The company possesses a  Growth Score of B.

Lam Research Corporation (LRCX Quick QuoteLRCX - Free Report) : This company that manufactures and services semiconductor equipments carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 3% over the last 60 days.

Lam Research has a PEG ratio of 1.72 compared with 3.41 for the industry. The company possesses a Growth Score of B.

Ultrapar Participaçoes S.A. (UGP Quick QuoteUGP - Free Report) : This distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil and kerosene etc. carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 33.3% over the last 60 days.

Ultrapar has a PEG ratio of 2.01 compared with 2.56 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.