Tech Stocks Rated Top Buy This Month

It is no surprise that technology leaders continue to play to the upside today, as economic worries have been overshadowed during the pandemic to crown leaders in the space. If anything, the coronavirus pandemic has accelerated trends that were already happening, in the space of months instead of what likely would have been years. On the economic front, jobless claims came in worse than expected and surpassed the 1 million mark, after coming in below last week for the first time since late March. Tech has been the best performing sector this year, leading the S&P back to all-time highs this week. If you’re looking for some Top Buys in the Top Tech Stocks, our deep learning algorithms paired with Artificial Intelligence (“AI”) technology has you covered with several names below.

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Intel Corp (INTC)

First on the list today of Top Tech Stocks is Intel Corp INTC  , with AI-based factor scores of B in Technical, A in Growth, A in Momentum Volatility, and A in Quality Value. The chipmaker is down 20.56% for the year and looks to be a great time to add or start a position in the company. The company is one of the world’s largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. Revenue grew by 9.71% in the last fiscal year to $71965.0M, a growth of 25.8% over the last three fiscal years from $62761.0M three years ago. Operating Income grew by 17.53% in the last fiscal year to $22428.0M, a growth of 42.99% over the last three fiscal years from $18434.0M three years ago. EPS grew by 15.57% in the last fiscal year to $4.71, a growth of 173.53% over the last three fiscal years from $1.99 three years ago. ROE was 27.68% in the last year versus 14.2% three years ago. The stock is trading with a cheap forward 12M P/E of 11.19.

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Verizon Communications Inc (VZ)

Next on the Top Buys of Top Tech stocks is Verizon Communications Inc with AI-based factor scores of A in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value. The company is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. The stock has done ok this year, down only 3.28%. Revenue grew by 2.93% over the last three fiscal years to $131868.0M in the last fiscal, compared to $126034.0M three years ago. Operating Income grew by 7.98% over the last three fiscal years to $31521.0M in the last fiscal, versus $28673.0M three years ago. EPS was $4.65 in the last fiscal year, worse than the $7.36 three years ago. ROE was 33.67% in the last year, versus 88.91% three years ago. Forward 12M Revenue is expected to grow by 1.63% and the stock is trading with a forward 12M P/E of 12.21.

MORE FROM FORBESVerizon Communications (VZ)

Juniper Networks Inc (JNPR)

Next on the Top Buy of Top Tech Stocks is Juniper Networks Inc JNPR . Our AI systems have identified factor scores of A in Technical, B in Growth, A in Momentum Volatility, and B in Quality Value for the stock that is down 3.6% for the year. The company develops and sells switching, routing, security, related software products, and services for the networking industry. EPS grew by 3.38% in the last fiscal year to $0.99, and grew by 27.93% over the last three fiscal years from $0.8 three years ago. Revenue was $4445.4M in the last fiscal year, which compares to $5027.2M three years ago. Operating Income was $494.1M in the last fiscal year, versus $915.8M three years ago. ROE was 7.31% in the last year, which compares to 6.35% three years ago. Forward 12M Revenue is expected to grow by 1.92% and the stock is trading with a Forward 12M P/E of 14.05.

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International Business Machines Corp (IBM)

International Business Machines Corp is a Top Buy today as well with AI-based factor scores of B in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value. The stock is down 8.55% for the year making it an interesting pickup from these levels. The company looks to be a part of every aspect of an enterprise’s IT needs. The company primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). As for the financials, EPS grew by 43.61% over the last three fiscal years to $10.57 in the last fiscal compared to $6.14 three years ago. Revenue was $77147.0M in the last fiscal year, which compares to $79139.0M three years ago. Operating Income was $10785.0M in the last fiscal year versus $11682.0M three years ago. ROE was 49.77% in the last year, better than the 31.89% three years ago. Forward 12M Revenue is expected to grow by 0.65% and the stock is trading with a Forward 12M P/E of 10.62.

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Verisign Inc (VRSN)

Verisign Inc is the next Top Buy today in our Top Tech Stocks list with AI-based factor scores of B in Technical, B in Growth, A in Momentum Volatility, and B in Quality Value. The stock has done decently this year, up 4.79%, but more upside looks likely from these levels according to our deep learning algorithms. The company is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Revenue grew by 1.15% in the last fiscal year to $1231.66M, a growth of 6.93% over the last three fiscal years from $1165.1M three years ago. Operating Income grew by 1.38% in the last fiscal year to $806.13M, and grew by 15.47% over the last three fiscal years from $707.72M three years ago. EPS grew by 30.8% in the last fiscal year to $5.15, and grew by 83.05% over the last three fiscal years from $3.68 three years ago. Forward 12M Revenue is expected to grow by 1.56% and the stock is trading with a Forward 12M P/E of 37.26.

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Facebook Inc (FB)

Next on the Top Buy list is the social media conglomerate Facebook Inc. The company has been assigned factor scores of D in Technical, A in Growth, B in Momentum Volatility, and B in Quality Value from our AI technology. The stock has done extremely well this year, up 25.17%, even in the face of a global pandemic. Revenue grew by 6.31% in the last fiscal year to $70697.0M, and grew by 84.87% over the last three fiscal years from $40653.0M three years ago. Operating Income grew by 16.31% in the last fiscal year to $23986.0M, and grew by 38.09% over the last three fiscal years from $20203.0M three years ago. EPS grew by 27.18% in the last fiscal year to $6.43, a growth of 51.71% over the last three fiscal years from $5.39 three years ago. ROE was 19.96% in the last year, a little lower than the 23.86% three years ago. Forward 12M Revenue is expected to grow by 11.09% and the stock is trading with a Forward 12M P/E of 29.88.

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Microsoft Corp (MSFT)

And finally, our last Top Buy in the technology sector today is Microsoft Corp MSFT  with AI-based factor scores of B in Technical, B in Growth, B in Momentum Volatility, and C in Quality Value. The cloud and software giant has gained 30.56% for the year already, but upside momentum looks to continue. Revenue was $143015.0M in the last fiscal year, which compares to $110360.0M three years ago. Operating Income was $52959.0M in the last fiscal year versus $35058.0M three years ago. EPS was $5.76 in the last fiscal year, much better than the $2.13 three years ago. ROE was 40.14% in the last year, which compares to 19.45% three years ago. The stock is trading with a Forward 12M P/E of 32.58.

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