Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 24th:ON Semiconductor Corporation ON: This manufacturer and seller of semiconductor components carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 29.5% over the last 60 days. ON Semiconductor Corporation Price and Consensus ON Semiconductor Corporation price-consensus-chart | ON Semiconductor Corporation Quote ON Semiconductor has a PEG ratio of 0.32 compared with 3.39 for the industry. The company possesses a Growth Score of B. ON Semiconductor Corporation PEG Ratio (TTM) ON Semiconductor Corporation peg-ratio-ttm | ON Semiconductor Corporation Quote ArcBest Corporation ARCB: This provider of freight transportation and integrated logistics services carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.8% over the last 60 days. ArcBest Corporation Price and Consensus ArcBest Corporation price-consensus-chart | ArcBest Corporation Quote ArcBest has a PEG ratio of 0.47, compared with 0.95 for the industry. The company possesses a Growth Score of A. ArcBest Corporation PEG Ratio (TTM) ArcBest Corporation peg-ratio-ttm | ArcBest Corporation Quote Cushman & Wakefield plc CWK: This provider of commercial real estate services carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.7% over the last 60 days. Cushman & Wakefield PLC Price and Consensus Cushman & Wakefield PLC price-consensus-chart | Cushman & Wakefield PLC Quote Cushman & Wakefield has a PEG ratio of 1.29, compared with 2.37 for the industry. The company possesses a Growth Score of A. Cushman & Wakefield PLC PEG Ratio (TTM) Cushman & Wakefield PLC peg-ratio-ttm | Cushman & Wakefield PLC Quote Devon Energy Corporation DVN: This independent energy company carries a Zacks Rank #1, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.8% over the last 60 days. Devon Energy Corporation Price and Consensus Devon Energy Corporation price-consensus-chart | Devon Energy Corporation Quote Devon Energy has a PEG ratio of 0.31, compared with 0.61 for the industry. The company possesses a Growth Score of B. Devon Energy Corporation PEG Ratio (TTM) Devon Energy Corporation peg-ratio-ttm | Devon Energy Corporation Quote See the full list of top ranked stocks here.Learn more about the Growth score and how it is calculated here. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs Now >>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 Devon Energy Corporation (DVN): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report ON Semiconductor Corporation (ON): Free Stock Analysis Report Cushman & Wakefield PLC (CWK): Free Stock Analysis Report To read this article on Zacks.com click here.