Best Growth Stocks to Buy for Dec. 16

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Dec. 16:

Micron Technology, Inc. MU: This memory and storage products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days.

Micron Technology, Inc. Price and Consensus

Micron Technology, Inc. price-consensus-chart | Micron Technology, Inc. Quote

Micron Technology has a PEG ratio of 0.38 compared with 1.28 for the industry. The company possesses a  Growth Score of A.

Micron Technology, Inc. PEG Ratio (TTM)

Micron Technology, Inc. peg-ratio-ttm | Micron Technology, Inc. Quote

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 Price and Consensus

Sanmina Corporation price-consensus-chart | Sanmina Corporation Quote

Sanmina has a PEG ratio of 0.66 compared with 1.85 for the industry. The company possesses a Growth Score of A.

Sanmina Corporation PEG Ratio (TTM)

Sanmina Corporation peg-ratio-ttm | Sanmina Corporation Quote

Phibro Animal Health Corporation PAHC: This animal health and mineral nutrition company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.1% over the last 60 days.

Phibro Animal Health Corporation Price and Consensus

Phibro Animal Health Corporation price-consensus-chart | Phibro Animal Health Corporation Quote

Phibro has a PEG ratio of 1.14 compared with 3.39 for the industry. The company possesses a Growth Score of B.

Phibro Animal Health Corporation PEG Ratio (TTM)

Phibro Animal Health Corporation peg-ratio-ttm | Phibro Animal Health Corporation Quote

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

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