The Dow Jones rallied on Tuesday for the second consecutive day, and broke above the 30,000 mark for the first time in history. Positive vaccine news spurred the rally, as well as optimism on an economic recovery in 2021, political clarity as the Trump administration finally began the presidential transition, and strong approval over President-elect Biden’s Treasury Secretary choice- former Fed Chair Janet Yellen. The Dow advanced 454 points, or 1.54% and traded at 30,116.51 at its high. The S&P 500 also climbed 1.62%, and was also on pace for another record closing high. The Nasdaq
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Autozone Inc (AZO)
CMC Materials Inc (CCMP)
CMC Materials, formerly known as Cabot Microelectronics, is our next Top Buy for today. CMC Materials is at the forefront of the booming semiconductor industry, and is a global supplier of consumable materials to semiconductor manufacturers and pipeline companies. Our AI systems rated the company C in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 3.45% to $150.05 on volume of 201,070 vs its 10-day price average of $147.32 and its 22-day price average of $149.33, and is up 3.28% for the year. Revenue was $1116.27M in the last fiscal year compared to $590.12M three years ago, Operating Income was $231.15M in the last fiscal year compared to $163.98M three years ago, EPS was $4.83 in the last fiscal year compared to $4.19 three years ago, and ROE was 13.9% in the last year, and compares to 17.44% three years ago. The stock is also trading with a Forward 12M P/E of 19.61.
Home Depot (HD)
Synopsys Inc (SNPS)
Synopsys Inc is our next Top Buy today. Synopsys is a tech company focused on complex solutions for electronic design automation, and also works with AI, semiconductors, and IoT. Our AI systems rated Synopsys A in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.15% to $216.0 on volume of 707,493 vs its 10-day price average of $221.17 and its 22-day price average of $223.64, and is up 51.19% for the year. Revenue grew by 4.47% in the last fiscal year and grew by 28.85% over the last three fiscal years, Operating Income grew by 9.87% in the last fiscal year and grew by 54.01% over the last three fiscal years, and EPS grew by 17.06% in the last fiscal year and grew by 358.93% over the last three fiscal years. Revenue was $3360.69M in the last fiscal year compared to $2724.88M three years ago, Operating Income was $549.12M in the last fiscal year compared to $391.75M three years ago, EPS was $3.45 in the last fiscal year compared to $0.88 three years ago, and ROE was 14.06% in the last year compared to 4.22% three years ago. Forward 12M Revenue is expected to grow by 7.62% over the next 12 months, and the stock is trading with a Forward 12M P/E of 35.81.
Tractor Supply Co (TSCO)
Retail chain Tractor Supply
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