Best Stocks To Buy Today As Nasdaq Sets New Intraday Record

The U.S. markets are looking to post another week of gains after strong economic data this morning. Housing data revealed that the sale of previously owned homes surged beyond expectations amidst low mortgage rates. Business activity is also picking up in the services and manufacturing sector as revealed in the U.S. Composite PMI Index by HIS Markit. Meanwhile, technology shares continued on its bull run with Financials and Industrials sectors also doing well. Whether valuations are elevated or not might depend on how you view them amidst rock bottom interest rates. Q.ai uses deep learning algorithms paired with Artificial Intelligence (“AI”) technology to identify several Top Buys today.

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Cardinal Health Inc (CAH)

The first company on our list of Top Buys is Cardinal Health Inc CAH , a company that operates as an integrated healthcare services and products company in the United States and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. Our AI algorithms have identified factor scores of A in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value for the stock that is up 0.14% this year. Revenue of the company grew in three years to $152922.0M in the last fiscal year compared to $136809.0M three years ago. Operating income in the last fiscal was $1779.0M, growing from $1985.0M three years ago. EPS reduced in the last fiscal year to $(12.61) compared to $0.81 three years ago. ROE also fell and was (90.94%) in the last year, lower than 3.98% three years ago. Valuation looks cheap as the stock is trading with a Forward 12M P/E of 9.15.

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MORE FROM FORBESCardinal Health (CAH)

International Business Machines Corp (IBM)

International Business Machines Corp is next on the list, operates as an integrated solutions and services company worldwide. Our deep learning algorithms have given factor scores of B in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value. The stock is down 9.06% for the year, a deviation from the performance of other major players in the technology sector. As for the financials, revenue dropped to $77147.0M in the last fiscal year when compared $79139.0M three years ago. Operating Income was $10785.0M in the last fiscal year, lower than $11682.0M three years ago. EPS, however, grew by 43.61% in three fiscal years to $10.57 in the last fiscal year compared to $6.14 three years ago. Finally, ROE improved significantly to 49.77% in the last year, higher compared to 31.89% three years ago. Revenue growth is expected to be flat in the next 12 months with a rate of 0.65% and the stock is trading at a forward 12M P/E of 10.56. IBM is certainly one of those rare stocks in the technology sectors that has a reasonable valuation. 

MORE FROM FORBESIBM (IBM)

Msg Networks Inc (MSGN)

Msg Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. Our AI has assigned factor scores of A in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value to the stock that has lost 41.68% for the year and is expected to do better. As for the financials, revenue was $685.8M in the last fiscal year, slightly lower than $696.65M three years ago. Operating Income also dropped slightly to $293.94M in the last fiscal year from $311.45M three years ago. EPS fell to $2.92 in the last fiscal year from $3.81 three years ago. It is one of another stock with an attractive valuation and trades with a forward 12M P/E of 3.85, suggesting that the valuation is cheap.

MORE FROM FORBESMsg Networks (MSGN)

Sempra Energy (SRE)

Sempra Energy SRE  operates as an energy-services holding company in the United States and internationally. The company’s San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. Our AI has given factor scores of C in Technical, A in Growth, B in Momentum Volatility, and B in Quality Value and the stock is down 15.36% for the year. As for the financials, revenue grew by 3.94% to $10829.0M in the last fiscal year, growing by 16.76% over the last three fiscal years from $9640.0M. Operating Income grew by 23.21% in the last fiscal year to $2495.0M and by 50.98% from $2036.0M three years ago. EPS surged higher by 99.36% in the last fiscal year to $7.29 and grew by 1338.94% over the last three fiscal years from $1.01. ROE improved to 9.73% in the last year compared to 2.51% three years ago. Revenue is expected to grow by 8.37% over the next 12 months. The stock trades with a forward 12M P/E of 18.13.

MORE FROM FORBESSempra Energy (SRE)

Unifirst Corp (UNF)

Our final Top Buy today is Unifirst Corp UNF . The company provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. Our AI has given factor scores of C in Technical, C in Growth, A in Momentum Volatility, and B in Quality Value to the stock that is down 6.21% for the year. Looking at the financials, revenue posted a growth of 2.53% in the last fiscal year to $1809.38M, growing by 16.61% over the last three fiscal years from $1590.96M. Operating Income grew by 10.07% in the last three fiscal years to $226.91M in the last fiscal year from $171.48M three years ago. EPS saw a sharper rise, growing by 28.24% in the last three years to $9.33 from $3.44 three years ago. ROE was 11.53% in the last year, an improvement from 4.98% three years ago. The stock is trading with a Forward 12M P/E of 25.49.

MORE FROM FORBESUnifirst (UNF)

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