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Top Ranked Growth Stocks to Buy for September 3rd

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Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, September 3rd:

Meritage Homes Corporation (MTH - Free Report) : This home construction company, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.7% over the last 60 days.

Meritage Homes has a PEG ratio of 1.48 compared with 3.48 for the industry. The company possesses a Growth Score of B.

Taylor Morrison Home Corporation (TMHC - Free Report) :This homebuilder, which carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.9% over the last 60 days.

Taylor Morrison Home has a PEG ratio of 1.60, compared with 3.48 for the industry. The company possesses a Growth Score of A.

D.R. Horton, Inc. (DHI - Free Report) : This home construction company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.2% over the last 60 days.

D.R. Horton has a PEG ratio of 1.08, compared with 3.48 for the industry. The company possesses a Growth Score of A.

MiX Telematics Limited (MIXT - Free Report) : This software company, which carries a Zacks Rank #2, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.4% over the last 60 days.

MiX Telematics has a PEG ratio of 0.66, compared with 1.47 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.

Legalizing THIS Could Be Even Bigger than Marijuana

Americans spend an estimated $150 billion in this industry every year… more than twice as much as they spend on marijuana.

Now that 8 states have fully-legalized it (with several more states following close behind), Zacks has identified 5 stocks that could soar in response to the powerful demand. One industry insider described the future as “mind-blowing” – and early investors can still get in ahead of the surge.

See these 5 “sin stocks” now >>