Top Stocks To Buy Today Amid Renewed Stimulus Optimism

Markets wrestled between disappointing jobless data and renewed stimulus hopes. Judging from how they opened the day, it’s pretty clear that investors care more about stimulus talks than a slowing job market recovery. While 840,000 people filed unemployment claims vs. the expected 825,000, markets traded higher for the 3rd time in 4 days after President Trump claimed in a new interview that stimulus talks were back on. The Dow gained 122 points (0.4%), while the S&P jumped 0.5% and the Nasdaq rose 0.7%. Stocks were up across the board signifying renewed optimism. United, American and Delta all gained over 1%, while Amazon and Facebook were both up around 1%. While concerns still remain about a second COVID wave, a slowing economic recovery, and uncertainty over the upcoming election, there is cautious optimism right now. 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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Fs Kkr Capital Corp (FSK)

Our first Top Buy for today is Fs Kkr Capital Corp. The company which specializes in business development and investments in debt securities, has been rated A in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value. The stock closed up 0.62% to $16.29 on volume of 383,863 vs its 10-day price average of $16.06 and its 22-day price average of $15.98, and is down 34.0% 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 6.68.

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Msc Industrial Direct – Cl A (MSM)

MSC Industrial Direct is our next Top Buy for today. The company, which is one of the largest industrial equipment distributors in the world, has been rated C in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value by our AI systems. The stock closed up 2.92% to $65.31 on volume of 887,694 vs its 10-day price average of $63.09 and its 22-day price average of $63.39, and is down 17.09% for the year. Revenue grew by 13.84% over the last three fiscal years, while Operating Income grew by 6.97% over the last three fiscal years, and EPS grew by 17.73% over the last three fiscal years. Revenue was $3363.82M in the last fiscal year compared to $2887.74M three years ago, Operating Income was $431.22M in the last fiscal year compared to $379.0M three years ago, EPS was $5.2 in the last fiscal year compared to $4.05 three years ago, and ROE was 20.12% in the last year compared to 19.92% three years ago. The stock is also trading with a Forward 12M P/E of 15.37.

MORE FROM FORBESMSC Industrial Supply (MSM)

Tesla Inc (TSLA)

Our third stock on our Top Buys list today is one that seems to always be in the news with significant buzz – Tesla. The Elon Musk owned electric vehicle pioneer and innovator, which now has the largest market cap of any other automobile maker in the world, has had significant buzz over the last few years. With investors cheering its recent stock split, and eagerly anticipating its new battery, there is certainly significant hype around Tesla’s stock. Our AI systems rated Tesla A in Technical, B in Growth, C in Momentum Volatility, and C in Quality Value. The stock closed up 2.73% to $425.3 on volume of 43,127,710 vs its 10-day price average of $419.26 and its 22-day price average of $411.99, and is up an unprecedented 394.24% for the year. Revenue grew by 4.6% in the last fiscal year and grew by 118.62% over the last three fiscal years, Operating Income grew by 1422.5% in the last fiscal year and grew by -174.63% over the last three fiscal years, while EPS grew by -139.26% in the last fiscal year and grew by -116.33% over the last three fiscal years. Revenue was $24578.0M in the last fiscal year compared to $11759.0M three years ago, Operating Income was $80.0M in the last fiscal year compared to $(1632.0)M three years ago, EPS was $(0.98) in the last fiscal year compared to $(2.37) three years ago, and ROE was (10.75%) in the last year compared to (38.85%) three years ago. Forward 12M Revenue is also expected to grow by 27.27% over the next 12 months, and the stock is trading with a Forward 12M P/E of 146.67.

MORE FROM FORBESTesla (TSLA)

Wingstop Inc (WING)

Next on our list of Top Buys is Wingstop Inc. The wing restaurant chain has been rated A in Technical, A in Growth, C in Momentum Volatility, and C in Quality Value by our AI systems. Wingstop closed down 1.12% to $131.25 on volume of 849,498 vs its 10-day price average of $137.19 and its 22-day price average of $135.87, and is up 54.89% for the year. Revenue grew by 12.48% in the last fiscal year and grew by 68.47% over the last three fiscal years, Operating Income grew by 29.08% in the last fiscal year and grew by 65.77% over the last three fiscal years, and EPS grew by 39.19% in the last fiscal year and grew by 17.13% over the last three fiscal years. Revenue was $199.68M in the last fiscal year compared to $133.32M three years ago, Operating Income was $43.5M in the last fiscal year compared to $33.87M three years ago, and EPS was $0.69 in the last fiscal year compared to $0.82 three years ago. Forward 12M Revenue is expected to grow by 3.88% over the next 12 months, and the stock is trading with a Forward 12M P/E of 101.42.

MORE FROM FORBESWingstop (WING)

Yum! Brands Inc (YUM)

Yum! Brands is our final Top Buy for today. The fast food restaurant operator, which also operates as a separate entity in China, owns and operates chains such as KFC, Pizza Hut, Taco Bell, and more around the world. Our AI systems have rated Yum! C in Technical, C in Growth, A in Momentum Volatility, and B in Quality Value. The stock closed up 2.13% to $93.88 on volume of 1,523,598 vs its 10-day price average of $92.35 and its 22-day price average of $92.36, and is down 8.11% for the year. Operating Income grew by 0.69% over the last three fiscal years. Revenue was $5597.0M in the last fiscal year compared to $5878.0M three years ago, Operating Income was $1906.0M in the last fiscal year compared to $1746.0M three years ago, and EPS was $4.14 in the last fiscal year compared to $3.77 three years ago. Forward 12M Revenue is expected to grow by 7.3% over the next 12 months, and the stock is trading with a Forward 12M P/E of 26.56.

MORE FROM FORBESYum! Brands (YUM)

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