Top Stocks To Buy Today Amid Renewed Concerns Of Markets Falling

Although earnings season has continued its strong run as Morgan Stanley MS and Walgreens WBA beat estimates, markets are set to sharply drop today amidst an influx of poor data and bad news. The Dow sharply dropped by 287 points or 1%, while the S&P 500 lost 1.4% and the Nasdaq NDAQ dipped 1.76%. Jobless claims came in this morning at 898,000 above the estimated 830,000- the highest level since August 22. The Empire State Manufacturing Index also fell more than expected. These numbers indicate that the economic recovery may be slowing and hitting some speed bumps. The fact that Treasury Secretary Steven Mnuchin said that a stimulus deal was going to be “tough” to pass before the election did not help matters either. The spiking coronavirus cases in Europe combined with second lockdowns and pauses in clinical vaccine and antibody trials also contributed to the fear and negative sentiment this morning. EU nations are also lining up against Big Tech, with France and the Netherlands signing position papers calling for the EU to crack down and break up giant tech companies such as Facebook and Apple AAPL . After the U.S. House of Representatives took a similar position the last few weeks, tech stocks are certainly under pressure. Sentiment was surely strong to start off October, however, it has certainly flipped this week. Investors are certainly anxious and on edge now, and will continue to be in the weeks leading up to the election. For investors looking to make sense of these unprecedented times, 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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Dish Network (DISH)

Dish Network DISH  is our first Top Buy of today, and was also included in our Top U.S. Tech Stocks list. The satellite TV provider, which also owns Sling TV, has been rated B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value by our AI systems. The stock closed down 1.51% to $28.06 on volume of 2,629,061 vs its 10-day price average of $28.05 and its 22-day price average of $29.27, and is down 21.48% for the year. Revenue grew by 0.05% in the last fiscal year, while Operating Income grew by 13.37% in the last fiscal year and grew by 6.0% over the last three fiscal years. Revenue was $12807.68M in the last fiscal year compared to $14391.38M three years ago, Operating Income was $1878.88M in the last fiscal year compared to $2009.38M three years ago, EPS was $2.6 in the last fiscal year compared to $4.07 three years ago, and ROE was 14.1% in the last year compared to 35.35% three years ago. Forward 12M Revenue is expected to grow by 10.71% over the next 12 months, and the stock is trading with a Forward 12M P/E of 15.94.

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Fs Kkr Capital Corp (FSK)

Investment company Fs Kkr Capital Corp is our second Top Buy of the day. The company focuses on providing customized credit solutions to private middle market U.S. companies, and invests in secured debt. Our AI systems rated the company A in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.32% to $15.78 on volume of 431,553 vs its 10-day price average of $16.16 and its 22-day price average of $15.96, and is down 36.06% for the year. Revenue grew by 70.41% over the last three fiscal years, while Operating Income grew by 97.92% over the last three fiscal years. Revenue was $779.0M in the last fiscal year compared to $419.0M three years ago, Operating Income was $587.0M in the last fiscal year compared to $288.0M three years ago, EPS was $1.9 in the last fiscal year compared to $2.97 three years ago, and ROE was 6.13% in the last year compared to 7.94% three years ago. The stock is also trading with a Forward 12M P/E of 6.47.

MORE FROM FORBESFs Kkr Capital (FSK)

International Seaways Inc (INSW)

Worldwide crude oil and refined petroleum transporter and hauler International Seaways Inc is our third Top Buy of the day. Our AI systems rated the company A in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 4.08% to $15.8 on volume of 143,725 vs its 10-day price average of $15.43 and its 22-day price average of $15.37, and is down 47.02% for the year. Revenue grew by 25.72% in the last fiscal year and grew by 58.69% over the last three fiscal years, Operating Income grew by 198.16% in the last fiscal year and grew by -1642.31% over the last three fiscal years, and EPS grew by -11751.76% in the last fiscal year and grew by -196.03% over the last three fiscal years. Revenue was $366.18M in the last fiscal year compared to $290.1M three years ago, Operating Income was $55.45M in the last fiscal year compared to $(10.72)M three years ago, EPS was $(0.03) in the last fiscal year compared to $(3.64) three years ago, and ROE was (0.08%) in the last year compared to (9.37%) three years ago. The stock is also trading with a Forward 12M P/E of 5.04.

MORE FROM FORBESInternational Seaways (INSW)

Provident Bancorp Inc (PVBC)

Regional New England bank Provident Bancorp is our next Top Buy of the day. Our AI systems gave them ratings of A in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 1.1% to $8.06 on volume of 5,744 vs its 10-day price average of $8.12 and its 22-day price average of $7.98, and is down 35.26% for the year. Revenue grew by 6.65% in the last fiscal year and grew by 15.09% over the last three fiscal years, Operating Income grew by 2.34% in the last fiscal year and grew by 0.45% over the last three fiscal years, and EPS grew by 40.33% over the last three fiscal years. Revenue was $42.18M in the last fiscal year compared to $39.08M three years ago, Operating Income was $15.35M in the last fiscal year compared to $15.64M three years ago, EPS was $0.6 in the last fiscal year compared to $0.43 three years ago, and ROE was 6.06% in the last year compared to 7.04% three years ago. Forward 12M Revenue is expected to grow by 1.28% over the next 12 months, and the stock is also trading with a Forward 12M P/E of 43.57.

MORE FROM FORBESProvident Bancorp (PVBC)

US Cellular Corp (USM)

Our final Top Buy of today is U.S. Cellular Corp. The Chicago based company, which operates as U.S. cellular, is the fourth-largest wireless carrier in the United States. Our AI systems rated the company A in Technicals, A in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 3.72% to $29.76 on volume of 99,190 vs its 10-day price average of $30.22 and its 22-day price average of $30.61, and is down 18.13% for the year. Revenue grew by 3.34% over the last three fiscal years, Operating Income grew by 10.77% in the last fiscal year and grew by 140.0% over the last three fiscal years, and EPS grew by 42.61% in the last fiscal year and grew by 1366.86% over the last three fiscal years. Revenue was $4022.0M in the last fiscal year compared to $3890.0M three years ago, Operating Income was $130.0M in the last fiscal year compared to $60.0M three years ago, EPS was $1.44 in the last fiscal year compared to $0.14 three years ago, and ROE was 3.21% in the last year compared to 0.41% three years ago. Forward 12M Revenue is expected to grow by 0.43% over the next 12 months, and the stock is trading with a Forward 12M P/E of 27.81.

MORE FROM FORBESUnited States Cellular (USM)

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