Best Stocks To Buy Today As Tech Rally Lifts Markets

U.S. stocks markets were trading flat in the early hours on Thursday, as jobless claims crossed the one million mark again after dipping briefly below for the week prior. The figure was well above the consensus estimates, suggesting that the economic slowdown still haunts the U.S. economy. Investors turned back to the high growth tech stocks, driving the Nasdaq higher. The price of crude futures was under some pressure as it fell by almost 3%, as the price of gold increased. Our deep learning algorithms have used Artificial Intelligence (“AI”) technology to identify several Top Buys today.

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Hillenbrand Inc (HI)

The first name on our list is Hillenbrand Inc HI . Hillenbrand Inc operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. Our AI has assigned factor scores of C in Technical, B in Growth, C in Momentum Volatility, and A in Quality Value to the stock that has lost 2.74% for the year. Revenue grew by 27.77% and was $1807.3M in the last fiscal year compared to a growth of 45.21% from $1590.2M three years ago. Operating Income grew by 20.79% in the last fiscal year to $238.1M, which is a growth rate of  24.88% compared to $230.3M three years ago. EPS was $1.92 in the last fiscal year, slightly lower compared to $1.97 three years ago. ROE dropped to 16.67% in the last year compared to 18.19% three years ago but is still high. Revenue is expected to grow by 2.45% in the next 12 months. The stock currently trades with a forward 12M P/E of 14.51.

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MORE FROM FORBESHillenbrand (HI)

RGC Resources Inc (RGCO)

Next on the Top Buy list, we have RGC Resources Inc. RGCO which operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. Our deep learning algorithms have given factor scores of B in Growth, A in Momentum Volatility, and C in Quality Value to the stock that is down 17.29% for the year. Revenue grew by 1.36% in the last three years to $68.03M in the last fiscal year compared to $62.3M three years ago. Operating income grew by 20.6% to $11.59M in the last fiscal year, growing by 19.86% from $11.67M three years ago. EPS increased at a higher rate, growing by 29.67% in the last fiscal year to $1.08 and by 62.84% from $0.86 three years ago. ROE was almost flat at 10.69% in the last year compared to 10.77% three years ago. Revenue is projected to grow by 1.56% over the next 12 months. The stock trades with a forward 12M P/E of 16.52.

MORE FROM FORBESRgc Resources (RGCO)

Stepan Co (SCL)

Next we have Stepan Co, a company that produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The stock is up 12.22% for the year. According to our AI tools, factor scores of C in Technical, B in Growth, A in Momentum Volatility, and B in Quality Value have been assigned. Revenue decreased to $1858.74M in the last fiscal year from $1925.01M three years ago. Operating Income grew by 8.2% to $125.39M in the last fiscal year, which is lower than $163.06 three years ago. EPS grew by 7.89% in the last fiscal year to $4.42, growing by 10.65% over the last three fiscal years from $4.31. ROE was 12.12% in the last year, lower compared to 14.63% three years ago. Revenue is expected to grow by 3.95% in the next 12 months and the stock is trading with a forward 12M P/E of 19.96.

MORE FROM FORBESStepan (SCL)

Timken Co (TKR)

Timken Co TKR designs, manufactures, and manages engineered bearings and power transmission products and services worldwide. It operates in two segments, Mobile Industries and Process Industries. Our AI has assigned factor scores of B in Technical, C in Growth, C in Momentum Volatility, and B in Quality Value to the stock that has lost 5.31% for the year. Revenue grew by 17.75% over the last three fiscal years from $3003.8M three years ago to $3789.9M in the last fiscal year. At the same time, Operating Income grew by 68.32% over the last three fiscal years to $541.4M in the last fiscal year from $288.8M three years ago. EPS grew by 62.86% over the last three fiscal years from $2.58 to $4.71 in the last fiscal year. ROE figure continues to be impressive and was 20.83% in the last year, higher compared to 14.52% three years ago. Revenue in the next 12 months is projected to grow at a rate of 2.68% and the stock currently trades with a reasonable forward 12M P/E of 13.64.

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Vectrus Inc (VEC)

Our final Top Buy today is Vectrus Inc. The company provides facility and logistics, and information technology and network communication services to the United States government worldwide. Our AI has given factor scores of B in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value to the stock that is down 20.43% for the year. Looking at the financials, Revenue increased by 2.19% to $1382.64M in the last fiscal year compared to a growth of 26.75% from $1114.79M three years ago. Operating Income grew by 11.46% over the last three fiscal years from$41.22M three years ago to $52.62M in the last fiscal year. EPS was $2.99 in the last fiscal year, slightly better when compared to $5.31 three years ago. ROE was 14.38% in the last year compared to 39.56% three years ago. Revenue is projected to grow by 4.23% over the next 12 months. The stock is trading with a forward 12M P/E of 11.74, indicating valuations are cheap.

MORE FROM FORBESVectrus (VEC)

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