Best Growth Stocks to Buy for Dec.2

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Dec. 2: 

The Allstate Corporation ALL: This insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30.3% over the last 60 days.

The Allstate Corporation has a PEG ratio of 0.40 compared with 1.70 for the industry. The company possesses a Growth Score of B. 

Sanmina Corporation SANM: This global provider of electronics contract manufacturing services carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 38.9% over the last 60 days.

Sanmina Corporation has a PEG ratio of 0.64 compared with 1.96 for the industry. The company possesses a Growth Scoreof A. 

Commercial Metals Company CMC: This steel manufacturing and recycling company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.4% over the last 60 days.

Commercial Metals Company has a PEG ratio of 0.42 compared with 0.69 for the industry. The company possesses a Growth Scoreof B. 

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Source Zacks-com