Investing

Top Stocks To Buy Today As Dow Rises Over 400 Points

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
NDAQ
advanced 1.31%, and the small-cap Russell 2000 once again hit an all-time high. For investors looking to make the most of this market, 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 Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best long plays.

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Autozone Inc (AZO)

Autozone
AZO
is our first Top Buy today. Autozone is the largest retailer of aftermarket automotive parts and accessories in the United States, and also has stores in Mexico, Puerto Rico and Brazil. Our AI systems rated Autozone C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.07% to $1113.41 on volume of 237,320 vs its 10-day price average of $1143.1 and its 22-day price average of $1145.75, and is down 6.42% for the year. Revenue was $12631.97M in the last fiscal year compared to $11221.08M three years ago, Operating Income was $2501.58M in the last fiscal year compared to $2134.32M three years ago, and EPS was $71.93 in the last fiscal year compared to $48.77 three years ago. The stock is also trading with a Forward 12M P/E of 14.85.

MORE FROM FORBESAutoZone (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. 

MORE FROM FORBESCabot Microelectronics (CCMP)

Home Depot (HD)

Home Depot
HD
is our next Top Buy for today. As the largest home improvement retailer in the US, Home Depot has been in strong demand due to more and more people staying at home due to the pandemic. Although Home Depot’s stock fell last week after its latest earnings report, its Q3 earnings were still very impressive. Home Depot’s sales surged by 24% compared to a year ago. Our AI systems rated Home Depot C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.59% to $271.4 on volume of 3,283,230 vs its 10-day price average of $274.07 and its 22-day price average of $275.16, and is up 25.82% for the year. Revenue grew by 13.98% in the last fiscal year and grew by 24.51% over the last three fiscal years, Operating Income grew by 11.08% in the last fiscal year and grew by 19.87% over the last three fiscal years, and EPS grew by 12.79% in the last fiscal year and grew by 58.59% over the last three fiscal years. Revenue was $110225.0M in the last fiscal year compared to $100904.0M three years ago, Operating Income was $15843.0M in the last fiscal year compared to $14681.0M three years ago, EPS was $10.25 in the last fiscal year compared to $7.29 three years ago, and ROE was 298.25% three years ago. The stock is also trading with a Forward 12M P/E of 22.36.

FortuneHome Depot | 2020 Fortune 500

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.

MORE FROM FORBESSynopsys (SNPS)

Tractor Supply Co (TSCO)

Retail chain Tractor Supply
TSCO
is our final Top Buy of the day. Tractor Supply is a retailer with 1,800 branches in operation, and specializes in products for home improvement, agriculture, lawn and garden maintenance, livestock, equine and pet care. Our AI systems rated the company C in Technicals, A in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 3.22% to $133.88 on volume of 1,913,165 vs its 10-day price average of $131.02 and its 22-day price average of $133.09, and is up 45.57% for the year. Revenue grew by 18.94% in the last fiscal year and grew by 36.9% over the last three fiscal years, Operating Income grew by 45.79% in the last fiscal year and grew by 58.48% over the last three fiscal years, and EPS grew by 38.07% in the last fiscal year and grew by 94.98% over the last three fiscal years. Revenue was $8351.93M in the last fiscal year compared to $7256.38M three years ago, Operating Income was $746.12M in the last fiscal year compared to $686.38M three years ago, EPS was $4.66 in the last fiscal year compared to $3.3 three years ago, and ROE was 35.95% in the last year compared to 29.43% three years ago. Forward 12M Revenue is expected to grow by 0.21% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.04.

MORE FROM FORBESTractor Supply (TSCO)

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