Top Stocks To Buy Today Amid Soaring US-China Tensions

Broader indices were trading marginally higher as investors showed signs of optimism over the stimulus package that is expected to be released soon. Meanwhile, tensions between the U.S. and China continued to aggravate as the latter poured accusations of bullying over the forced sale of TikTok’s U.S. business by President Trump. It will remain to be seen whether there will be spillover damage done to the recent trade deals, and the next phase seems likely to spill over into the next administration. Our deep learning algorithms have gone through the data and used Artificial Intelligence (“AI”) to help you spot the Top Buys for today.

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AbbVie Inc (ABBV)

First on the list today is AbbVie Inc ABBV , a company that discovers, develops, manufactures, and sells pharmaceuticals in the United States, Japan, Germany, Canada, France, Spain, Italy, the Netherlands, the United Kingdom, Brazil, and internationally. Our AI technology has identified impressive factor scores of rated A in Technical, A in Growth, A in Momentum Volatility, and A in Quality Value for the stock that is up 7.14% for the year. As for the financials, revenue grew by 8.9% in the last fiscal year to $33266.0M and grew by 28.39% over the last three fiscal years from $28216.0M. Operating income grew by 1.24% to $13697.0M in the last fiscal year, and grew by 34.98% over the last three fiscal years from $10273.0M. EPS grew in the last three years by 37.06% to $5.28 in the last fiscal year from $3.3 three years ago. ROE at 109.09% three years ago is something that investors should not miss out on. Forward 12M revenue is expected to grow at a rate of 16.26% over the next 12 months. The stock trades with a Forward 12M P/E of 8.28, certainly cheap by industry standards.

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ASGN Inc (ASGN)

The next company on our list of Top Buys is ASGN Inc, a company that provides professional staffing and IT solutions in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. Our AI algorithms have identified factor scores of B in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value for the stock that is down 3.67% this year. Revenue for the company grew by 0.8% to $3923.9M in the last fiscal year, growing by 50.62% compared to $2626.0M three years ago. Operating income in the last fiscal grew by 3.46% and was $315.2M, growing by 45.13% from $224.7M three years ago. EPS grew by 8.53% in the last fiscal year to $3.28 and grew by 19.94% over the last three fiscal years from $2.97. ROE was 16.98% three years ago and dropped to 13.67% in the last year. Revenue is expected to grow slightly by 0.2% over the next 12 months and the stock is currently trading at a forward 12M P/E of 15.77.

CVS Health Corp (CVS)

CVS Health Corp CVS is the third Top Buy today, with factor scores of A in Technical, B in Growth, A in Momentum Volatility, and B in Quality Value.  It provides health services and plans in the United States through its segments namely Pharmacy Services, Retail/LTC segment, and Health Care Benefits segment. The stock is down 13.89% for the year. Digging into the financials, revenue grew by 2.03% in the last fiscal year to $255765.0M and grew by 41.24% over the last three fiscal years. Three years ago, the revenue was $184765.0M. Operating Income grew by 5.42% to $11818.0M in the last fiscal year, growing by 27.52% from $9770.0M three years ago. EPS grew by 8.66% in the last fiscal year to $5.08; lower compared to $6.44 three years ago. ROE was 10.81% last year, dropping from 17.79% three years ago but is still at a healthy level. Forward 12M Revenue is expected to grow by 0.39% and the stock is trading with a reasonable forward 12M P/E of 8.98.

Great Lakes Dredge & Dock Cp (GLDD)

Great Lakes Dredge & Dock Cp provides dredging services in the United States and internationally. The company engages in capital dredging that consists of port expansion projects, coastal restoration, and land reclamations, trench digging for pipelines, tunnels and cables, and other dredging related to the construction of different marine structures. Our AI has given factor scores of C in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value and the stock is down 25.9% for the year. As for the financials, grew by 3.52% in the last fiscal year to $711.52M and grew by 24.39% over the last three fiscal years from $592.16M. Operating Income grew at a higher rate of 18.86% to $94.65M in the last fiscal year and by 1066.39% from $9.64M three years ago. EPS grew by 33.46% to $0.76 in the last fiscal year compared to a growth of 299.82% from $(0.51) three years ago. ROE was 22.52% in the last year compared to (6.55%) three years ago. The valuation seems reasonable as the stock trades with a forward 12M P/E of 13.94.

RLI Corp (RLI)

And finally, we have RLI Corp RLI . RLI Corp is an insurance holding company and underwrites property and casualty insurance in the United States and internationally. Our AI has given factor scores of B in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value and the stock is down 1.29% for the year. As for the financials, revenue grew by 15.15% over the last three fiscal years from $797.22M to $1003.59M in the last fiscal year. Operating Income grew by 71.88% during the same period to $219.36M in the last fiscal year from $74.79M three years ago. EPS grew at a rate of 8.65% from $2.36 three years ago to $4.23 in the last fiscal year. ROE improved to 21.27% in the last year from 12.52%. Revenue is projected to grow by 5.51% over the next 12 months. The stock trades with a forward 12M P/E of 35.0.

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