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Best Growth Stocks to Buy for January 5th

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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 5:

The Allstate Corporation (ALL - Free Report) : This insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.7% over the last 60 days.

Allstate has a PEG ratio of 0.45 compared with 1.78 for the industry. The company possesses a  Growth Score of A.

Great Lakes Dredge & Dock Corporation (GLDD - Free Report) : This dredging services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.

Great Lakes Dredge & Dock has a PEG ratio of 1.01 compared with 3.07 for the industry. The company possesses a Growth Scoreof A.

Alarm.com Holdings, Inc. (ALRM - Free Report) :This IoT and solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

Alarm.com has a PEG ratio of 1.51 compared with 2.44 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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