Best Stocks To Buy Today As Markets Respond To Fed’s Recovery Outlook

Markets today are firmly in the red, as the Dow is seeing major drops, down nearly 290 points. The S&P 500 and Nasdaq are also extending their losses from yesterday, down 1.50% and 2% respectively. The Fed’s announcement that they would hold interest rates at or near 0% through 2023 did little to excite the markets yesterday, and did little to excite them today. Investors love low interest rates, however, in this case, it is also a sign that less economic stimulus is coming. Additionally, markets do not seem to care that the U.S. Continuing Jobless Claims numbers are slightly better than expected at 860k vs 875k. New-home construction saw a slight decrease in August, the Philadelphia Fed gauge saw September manufacturing decline, and an OPEC+ panel warned that a rise in COVID cases in certain countries may curb oil demand. Leading the day’s decline are airlines, cruises, and big tech due to these mixed messages on the economy, as well as mixed messages on a COVID vaccine timeline. Carnival and Norwegian are down more than 3%, while United Airlines and American Airlines are down at least 2%, underscoring that the “reopening” stocks might take a while to get going. For investors looking to make sense of this wild 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 Technical, Growth, Momentum Volatility, and Quality Value to find the best long plays.

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Century Communities Inc (CCS)

Homebuilder Century Communities Inc is first on our list of Top Buys. Our AI systems have them rated B in Technical, B in Growth, C in Momentum Volatility, and B in Quality Value. The stock had a strong day yesterday and closed up 4.23% to $40.88 on volume of 476,089 vs its 10-day price average of $38.38 and its 22-day price average of $38.34. The stock is also up 49.03% for the year. Revenue grew by 8.91% in the last fiscal year and grew by 93.99% over the last three fiscal years, Operating Income grew by 19.43% in the last fiscal year and grew by 95.93% over the last three fiscal years, and EPS grew by 22.49% in the last fiscal year, and grew by 118.42% over the last three fiscal years. Revenue was $2535.91M in the last fiscal year compared to $1423.8M three years ago, Operating Income was $155.16M in the last fiscal year compared to $94.58M three years ago, and EPS was $3.62 in the last fiscal year compared to $2.03 three years ago. ROE was also 11.76% in the last year compared to 8.32% three years ago. Forward 12M Revenue is expected to grow by 2.3% over the next 12 months, while the stock is currently trading with a Forward 12M P/E of 9.8.

MORE FROM FORBESCentury Communities (CCS)

JB Hunt Transport Services Inc (JBHT)

Logistics and trucking giant JB Hunt is next on our list of Top Buys. Our AI systems have rated the stock B in Technical, C in Growth, B in Momentum Volatility, and C in Quality Value. JB Hunt closed down 1.09% to $131.53 on volume of 976,135 vs its 10-day price average of $135.75 and its 22-day price average of $138.37, and is up 11.92% for the year. Revenue grew by 0.82% in the last fiscal year and grew by 28.52% over the last three fiscal years while Operating Income grew by 15.19% over the last three fiscal years. Revenue was $9165.26M in the last fiscal year compared to $7189.57M three years ago, Operating Income was $757.22M in the last fiscal year compared to $623.79M three years ago, and EPS was $4.77 in the last fiscal year compared to $6.18 three years ago. ROE was 23.64% in the last year vs 42.19% three years ago, and Forward 12M Revenue is expected to grow by 3.38% over the next 12 months. The stock is also currently trading with a Forward 12M P/E of 24.96.

MORE FROM FORBESJ.B. Hunt Transport Services (JBHT)

Quaker Chemical Corp (KWR)

Quaker Chemical Corp is third on our list of Top Buys. The company focuses on producing chemicals and lubricants for steel and metalworking industries all across the globe. Our AI systems have given the company ratings of C in Technical, B in Growth, B in Momentum Volatility, and B in Quality Value. The stock closed down 1.45% to $187.13 on volume of 106,110 vs its 10-day price average of $189.72 and its 22-day price average of $193.12, while it is up 10.57% for the year. Revenue grew by 21.84% in the last fiscal year and grew by 68.4% over the last three fiscal years while Operating Income grew by 5.32% over the last three fiscal years. Revenue was $1133.5M in the last fiscal year compared to $820.08M three years ago, Operating Income was $118.08M in the last fiscal year compared to $88.73M three years ago, EPS was $2.08 in the last fiscal year compared to $1.52 three years ago, and ROE was 3.8% in the last year compared to 5.42% three years ago. Forward 12M Revenue is expected to grow by 5.98% over the next 12 months, as the stock is trading with a Forward 12M P/E of 33.94.

MORE FROM FORBESQuaker Chemical (KWR)

Sturm Ruger & Co Inc (RGR)

Fourth on the list of Top Buys is leading fireman and weapons manufacturer Sturm Ruger & Co Inc. Our AI systems have given the stock factor scores of C in Technical, A in Growth, B in Momentum Volatility, and A in Quality Value. The stock closed down 1.34% to $61.88 on volume of 210,149 vs its 10-day price average of $65.13 and its 22-day price average of $69.95. The stock is also up 31.19% for the year. Revenue grew by 10.61% in the last fiscal year while Operating Income grew by 51.46% in the last fiscal year, and EPS grew by 44.88% in the last fiscal year. Revenue was $410.51M in the last fiscal year compared to $522.26M three years ago, Operating Income was $39.39M in the last fiscal year compared to $75.9M three years ago, EPS was $1.82 in the last fiscal year compared to $2.91 three years ago, and ROE was 11.75% in the last year compared to 21.02% three years ago. Forward 12M Revenue is expected to grow by 5.45% over the next 12 months and the stock is trading with a Forward 12M P/E of 14.95.

MORE FROM FORBESSturm, Ruger (RGR)

Schweitzer-Mauduit Intl Inc (SWM)

Our final Top Buy is Schweitzer-Mauduit Intl Inc. The company is a prominent product engineering and manufacturing company that develops paper, film, netting and nonwovens for a wide variety of industries and clients. Our AI systems have given the company ratings of A in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value. The stock closed down 1.39% to $29.05 on volume of 142,652 vs its 10-day price average of $29.82 and its 22-day price average of $30.95, and is also down 29.46% for the year. Revenue grew by 2.9% over the last three fiscal years, while EPS grew by 6.5% in the last fiscal year and grew by 162.1% over the last three fiscal years. Revenue was $1022.8M in the last fiscal year compared to $982.1M three years ago, Operating Income was $135.6M in the last fiscal year compared to $133.1M three years ago, and EPS was $2.76 in the last fiscal year compared to $1.12 three years ago. ROE was also 14.85% in the last year vs 6.52% three years ago, and Forward 12M Revenue is expected to grow by 2.47% over the next 12 months. Schweitzer-Mauduit is currently trading with a Forward 12M P/E of 8.97.

MORE FROM FORBESSchweitzer-Mauduit Intl (SWM)

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