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Best Growth Stocks to Buy for July 5th

Zacks Equity Research
·1-min read

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

Silicon Motion Technology Corporation SIMO: This manufacturer of NAND flash controllers for solid-state storage devices carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.7% over the last 60 days.

Silicon Motion Technology has a PEG ratio of 0.61 compared with 9.91 for the industry. The company possesses a Growth Score  of B.

The ODP Corporation ODP: This company that provides products and digital workplace technology solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days.

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ODP has a PEG ratio of 0.44 compared with 0.93 for the industry. The company possesses a Growth Score of B.

Despegar.com, Corp. DESP: This online travel company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.5% over the last 60 days.

Despegar.com has a PEG ratio of 0.58 compared with 2.07 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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The ODP Corporation (ODP) : Free Stock Analysis Report

Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report

Despegar.com Corp. (DESP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research