Top Stocks To Buy Today As Dow Rises On Vaccine News
by Q.ai - Investing Reimagined
The indices, especially the Nasdaq , suffered through their worst 2 weeks since March. However, markets started the day off on the right foot, with green shoots all around. Markets were encouraged by the news of AstraZaneca’s coronavirus vaccine trials resuming, and Pfizer’s vaccine progress. Markets were also very happy about the potential M&A between Oracle and TikTok. The Nasdaq gained over 2% back from its nearly 10% drop over the last 2 weeks, while The Dow also rose over 300 pts (1.2%), and the S&P climbed nearly 1.5%. Major stock movers were Apple , who is expected to announce the release of their new watch and iPad Air, Oracle due to their dealings with TikTok, Nvidia which agreed to buy SoftBank’s Arm chipmaker, and pharmaceutical companies Pfizer and AstraZaneca based on optimism that there will be a COVID vaccine sooner rather than later.
One thing that will surely move markets this week, is the next Fed meeting, starting tomorrow. The Fed will release its latest policy statement Wednesday afternoon followed by Chairman Jay Powell’s news conference. While Powell is expected to make a statement on the economic outlook and interest rates, Powell will also release the economic forecast of 2023 for the first time. For investors looking to make sense of this exciting time in the markets, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Buys. Our Artificial Intelligence ("AI") systems assessed each firm on parameters of Technical, Growth, Momentum Volatility, and Quality Value to find the best buys.
Asbury Automotive Group Inc (ABG)
First on the list of today’s top buys is Asbury Automotive Group . Asbury Automotive, which is an auto dealership operator, has been given the following scores from our AI System: C in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value. The stock closed down 3.12% to $104.61 on volume of 120,926 vs its 10-day price average of $107.49 and its 22-day price average of $106.79, and is down 6.04% for the year. Revenue grew by 5.14% over the last three fiscal years, Operating Income grew by 7.14% over the last three fiscal years, and EPS grew by 23.41% over the last three fiscal years. Revenue was $7210.3M in the last fiscal year compared to $6456.5M three years ago, Operating Income was $334.7M in the last fiscal year compared to $297.1M three years ago, and EPS was $9.55 in the last fiscal year compared $6.62 three years ago. ROE was 32.94% in the last year vs. 41.28% three years ago, and Forward 12M Revenue is expected to grow by 16.46% over the next 12 months. The stock is currently trading with a Forward 12M P/E of 8.68.
Agco Corp (AGCO)
Next on the list of the top buys is agricultural machinery manufacturer Agco Corp . Our AI systems have identified factor scores of A in Technical, B in Growth, C in Momentum Volatility, and C in Quality Value The stock closed up 0.56% to $75.45 on volume of 648,182 vs its 10-day price average of $73.65 and its 22-day price average of $72.89, and is currently down 3.54% for the year. Revenue grew by 3.03% over the last three fiscal years, and Operating Income grew by 9.39% over the last three fiscal years. Revenue was $9041.4M in the last fiscal year compared to $8306.5M three years ago, Operating Income was $523.3M in the last fiscal year compared to $414.4M three years ago, and EPS was $1.63 in the last fiscal year compared to $2.32 three years ago. ROE was 4.16% in the last year compared to 6.38% three years ago. Forward 12M Revenue is expected to grow by 3.83% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.11.
Boise Cascade Co (BCC)
The third buy we have on the list is lumber and woodworking materials company Boise Cascade . Our AI systems have rated the stock B in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value. BCC closed down 4.24% to $40.4 on volume of 432,799 vs its 10-day price average of $44.45 and its 22-day price average of $45.91, however, it is up 12.19% for the year. Revenue grew by 3.04% in the last fiscal year and grew by 7.95% over the last three fiscal years, Operating Income grew by 20.37% in the last fiscal year and grew by 13.75% over the last three fiscal years, and EPS grew by 7.77% in the last fiscal year and grew by 4.72% over the last three fiscal years. Revenue was $4643.4M in the last fiscal year compared to $4431.99M three years ago, Operating Income was $133.2M in the last fiscal year compared to $140.95M three years ago, and EPS was $2.06 in the last fiscal year compared to $2.12 three years ago. ROE was 11.78% in the last year vs 13.22% three years ago, and Forward 12M Revenue is expected to grow by 5.63% over the next 12 months. The stock is currently trading with a Forward 12M P/E of 11.32.
Mantech Intl Corp (MANT)
The fourth buy on our list is defense contractor Mantech Intl Corp. Our AI system rated Mantech B in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value. The stock closed up 0.49% to $73.82 on volume of 240,436 vs its 10-day price average of $74.35 and its 22-day price average of $74.58. The stock is down 8.36% for the year. Revenue grew by 9.2% in the last fiscal year and grew by 41.35% over the last three fiscal years, Operating Income grew by 11.94% in the last fiscal year and grew by 59.05% over the last three fiscal years, and EPS grew by 10.96% in the last fiscal year, and grew by 7.78% over the last three fiscal years. Revenue was $2222.56M in the last fiscal year compared to $1717.02M three years ago, Operating Income was $139.52M in the last fiscal year compared to $98.19M three years ago, and EPS was $2.83 in the last fiscal year compared to $2.91 three years ago. ROE was 7.88% in the last year vs 8.83% three years ago, and Forward 12M Revenue is expected to grow by 2.87% over the next 12 months.
Perdoceo Education Corp (PRDO)
The final stock on our list of buys is Perdoceo Education Corp . Our AI systems have rated the stock a B in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value. The stock closed down 3.62% to $11.98 on volume of 696,026 vs its 10-day price average of $13.62 and its 22-day price average of $14.29, and is also down 35.66% for the year. Revenue grew by 5.22% in the last fiscal year and grew by 10.73% over the last three fiscal years, Operating Income grew by 12.24% in the last fiscal year and grew by 306.29% over the last three fiscal years, and EPS grew by 47.65% in the last fiscal year and grew by -408.6% over the last three fiscal years. Revenue was $627.7M in the last fiscal year compared to $596.43M three years ago, Operating Income was $123.56M in the last fiscal year, compared to $34.14M three years ago, and EPS was $0.97 in the last fiscal year compared to $(0.46) three years ago. ROE was 17.95% in the last year compared to (10.0%) three years ago. Forward 12M Revenue is also expected to grow by 2.67% over the next 12 months, while the stock is trading with a Forward 12M P/E of 7.29.
