Best Growth Stocks to Buy for July 23rd

Group 1: Company Overview - Silicon Motion Technology Corporation (SIMO) is a manufacturer of NAND flash controllers for solid-state storage devices and holds a Zacks Rank 1 [1] - Despegar.com, Corp. (DESP) is an online travel company that also carries a Zacks Rank 1 [2] - KB Home (KBH) is a homebuilding company with a Zacks Rank 1 [4] Group 2: Earnings Estimates - Silicon Motion Technology has seen the Zacks Consensus Estimate for its current year earnings increase by 1.1% over the last 60 days [1] - Despegar.com has experienced a 10.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - KB Home's current year earnings estimate has risen by 4.6% in the last 60 days [4] Group 3: Growth Metrics - Silicon Motion Technology has a PEG ratio of 0.55, significantly lower than the industry average of 5.76, and possesses a Growth Score of B [3] - Despegar.com has a PEG ratio of 0.57 compared to the industry average of 2.12, with a Growth Score of A [4] - KB Home has a PEG ratio of 0.81, which is lower than the industry average of 0.97, and also has a Growth Score of B [4]