Best Stocks To Buy Today As Tech Rally Boosts Nasdaq Performance

Markets are showing no definite trend this morning, as mixed quarterly earnings are impacting the movement of several individual stocks. Tech stocks like Apple, Amazon, and Facebook have posted strong quarterly results leading to a steep rally today. Meanwhile, Exxon and Chevron are trading lower after posting huge losses in the prior quarter. Consumer sentiment continues to slide as the count of coronavirus cases keeps increasing in the United States, putting the economic recovery in doubt. Consumers need to be spending to help support the economy, and that is likely to slow down as more people opt to save and stay at home. Our deep learning algorithms have used Artificial Intelligence (“AI”) technology to identify several Top Buys today.

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Chemed Corp (CHE)

The first company on our list of Top Buys is Chemed Corp, a company that provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers in the United States. Our AI algorithms have identified impressive factor scores of A in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value for the stock that is up 12.67% this year. Revenue of the company grew by 4.25% to $1938.56M in the last fiscal year, growing by 21.25% compared to $1666.72M three years ago. Operating income in the last fiscal was $271.18M, growing by 21.06% and increased by 57.0% from $209.11M three years ago. EPS grew by 19.48% in the last fiscal year to $13.31, much higher than $5.86 three years ago during which it grew by 171.38%. ROE was 33.37% in the last year compared to 18.45% three years ago. Revenue is expected to grow by 4.31% over the next 12 months and the stock is trading with a Forward 12M P/E of 30.07.

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CSG Systems Intl Inc (CSGS)

CSG Systems Intl Inc is next on the list, a business service solution provider in the communications industry. Some of the services that the company provides include cable and satellite care billing, content management and monetization, convergent rating and billing, mediation and data management, and wholesale settlement and routing. Our deep learning algorithms have given factor scores of A in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value. The stock is down 20.05% for the year and has the potential to generate positive returns considering the factor scores of the company. As for the financials, revenue grew by 0.08% in the last fiscal year to $996.81M, growing by 26.35% over the last three fiscal years from $789.58M. Operating Income grew by 1.46% to $130.94M in the last fiscal year, and grew by 16.05% from $114.48M three years ago. EPS grew at 2.74% to $2.55 in the last fiscal year, compared to a growth of 40.1% from $1.87 three years ago. Finally, ROE was 21.85% in the last year slightly higher compared to 20.66% three years ago. Revenue growth is expected to remain muted in the next 12 months with a growth rate of 0.23% and the stock is trading at a forward 12M P/E of 14.16.

Lockheed Martin Corp (LMT)

Lockheed Martin Corp is a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide, and is a Top Buy today. Our AI has assigned impressive factor scores of B in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value to the stock that has lost 4.42% for the year and is expected to do better. Revenue grew by 5.2% in the last fiscal year to $59812.0M, growing by 25.94% from $49960.0M three years ago. Operating Income grew by 7.29% in the last fiscal year to $7698.0M, compared to better growth of 47.67% from $5593.0M three years ago. EPS grew by 3.95% to $21.95 in the last fiscal year; three-year growth being higher at 237.97% from $6.75 three years ago. ROE was 269.7% in the last year compared to 455.42% three years ago. Revenue in the next 12 months is projected to grow at a rate of 2.61% and the stock currently trades with a reasonable forward 12M P/E of 14.99.

Providence Service Corp (PRSC)

Providence Service Corp provides healthcare services in the United States. It operates through Non-Emergency Transportation Services (NET Services) and Matrix Investment segments. Our AI has given factor scores of C in Technical, A in Growth, A in Momentum Volatility, and B in Quality Value and the stock is up 38.72% for the year. As for the financials, revenue grew by 14.5% over the last three fiscal years from $1318.22M to $1509.94M in the last fiscal year. Operating Income grew by 15.84% in the last fiscal year to $29.0M, lower compared to $37.48M three years ago. EPS fell to $(0.27) in the last fiscal year compared to $3.12 three years ago, registering a growth rate of -393.25% in the last year. ROE also dropped to (1.26%) in the last year compared to 12.95% three years ago. Revenue is expected to grow by 3.93% over the next 12 months. The stock trades with a forward 12M P/E of 25.74.

Quanta Services Inc (PWR)

Our final Top Buy today is Quanta Services Inc. The company provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Our AI has given factor scores of C in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value to the stock that is down 2.36% for the year. Looking at the financials, revenue grew by 27.49% over the last three fiscal years from $9466.48M to $12112.15M in the last fiscal year. Operating Income grew to $582.17M in the last fiscal year at a rate of 26.53% from $431.74M three years ago. EPS also grew in these three years but at a lower rate of 8.67% from $2 to $2.73 in the last fiscal year. ROE improved to 10.62% in the last year from 8.92% three years ago. The stock is trading with an attractive Forward 12M P/E of 12.06.

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