Best Growth Stocks to Buy for February 2nd

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

Dollar General Corporation DG: This discount retailer carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

Dollar General has a PEG ratio of 2.61 comparedwith 3.00 for the industry. The company possesses a Growth Scoreof B.

Ciena Corporation CIEN: This network technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.6% over the last 60 days.

Ciena has a PEG ratio of 1.14 compared with 5.41 for the industry. The company possesses a Growth Score of A.

Casey's General Stores, Inc. CASY: This convenience retail company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

Casey's General Stores has a PEG ratio of 2.14 compared with 2.54 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here.

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

#1 Semiconductor Stock to Buy (Not NVDA)

The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.

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

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

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