Best Growth Stocks to Buy for Nov. 5

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

Ultrapar Participaçoes S.A. UGP: This consumer 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 51.9% over the last 60 days.

Ultrapar Participaçoes S.A. has a PEG ratio of 1.90 compared with 2.45 for the industry. The company possesses a  Growth Score of A.

Zurn Elkay Water Solutions Corporation ZWS: This water management company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.2% over the last 60 days.

Zurn Elkay Water Solutions Corporation has a PEG ratio of 2.23 compared with 2.68 for the industry. The company possesses a Growth Score of B.

Seagate Technology Holdings plc (STX): This data storage devices and solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7% over the last 60 days.

Seagate Technology Holdings plc has a PEG ratio of 1.00 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.

Zacks Names #1 Semiconductor Stock

This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.

With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.

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