Top Stocks To Buy Today As Dow Receives Boost From Tech Recovery

Markets set the stage for a higher open this morning as investors looked to snap up some discounted stocks after several days of heavy losses, especially in the Technology sector. The Dow was higher by about 1.5%, the S&P 500 by about 1.8%, and the Nasdaq NDAQ up over 2.5% as of writing. The megacap winners from the pandemic were all rebounding this morning, with Tesla TSLA , Facebook, Microsoft MSFT , Netflix NFLX , Amazon AMZN , Alphabet, and Facebook all trading higher for the day. For investors looking to capitalize on this correction, the deep learning algorithms at Q.ai have gone through the data to give you some ideas for Top Buys if you’re looking to buy this market. Our deep learning algorithms graded each firm on parameters of Technical, Growth, Momentum Volatility, and Quality Value to determine the most promising candidates.

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B&G Foods Inc (BGS)

First on the Top Buy list today is B&G Foods Inc BGS , with AI-based factor scores of D in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value. The company is an American packaged-food manufacturer. The company sells its products in United States, Canada, and Puerto Rico. The stock has impressed this year, up 60.9%, but the recent pullback is giving a buying opportunity for investors. Revenue grew by 10.72% in the last fiscal year to $1660.41M, a growth of 11.66% over the last three fiscal years from $1646.39M three years ago. Operating Income grew by 14.48% in the last fiscal year to $241.31M, a growth of 0.08% over the last three fiscal years from $276.01M. EPS grew by 51.94% in the last fiscal year to $1.17 compared to $3.26 three years ago. ROE was 8.92% in the last year, which compares to 26.1% three years ago. The stock is trading with a Forward 12M P/E of 14.14.

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Blackrock Inc (BLK)

Next on the Top Buy list is Blackrock Inc BLK with AI-based factor scores of A in Technical, B in Growth, A in Momentum Volatility, and B in Quality Value. The stock is up only 8.56% for the year, but our deep learning algorithms thinks it has the opportunity to shoot much higher from here. The company is one of the largest asset managers in the world, with $7.318 trillion in AUM at the end of June 2020. The product mix is diverse, with 48% of the firm’s managed assets in equity strategies, 33% in fixed income, 8% in multi-asset class, 8% in money market funds, and 3% in alternatives. As for the financials, Revenue grew by 3.36% in the last fiscal year to $14539.0M, a growth of 10.49% over the last three fiscal years from $13600.0M three years ago. Operating Income was $5604.0M in the last fiscal year, which compares to $5262.0M three years ago. EPS was $28.43 in the last fiscal year, which compares to $30.12 three years ago. ROE was 13.22% in the last year, compared to 16.2% three years ago. Forward 12M Revenue is expected to grow by 3.64% and the stock is trading with a Forward 12M P/E of 17.88.

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SPS Commerce Inc (SPSC)

SPS Commerce Inc makes the Top Buys list this morning even after the stock is up 31.19% for the year already. Our deep learning algorithms have identified factor scores of C in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value for the stock. The company is a provider of cloud-based supply chain management solutions for suppliers, retailers, and distributors. As for the financials, revenue grew by 5.12% in the last fiscal year to $279.12M, a growth of 33.32% over the last three fiscal years from $220.08M three years ago. Operating Income grew by 15.46% in the last fiscal year to $38.41M, a growth of 344.28% over the last three fiscal years from $9.98M three years ago. EPS grew by 15.96% in the last fiscal year to $0.94, and grew by 10800.05% over the last three fiscal years from $0.01 three years ago. ROE was 10.01% in the last year, which compares to 0.13% three years ago. Forward 12M Revenue is expected to grow by 4.06% and the stock is trading with a Forward 12M P/E of 51.91.

MORE FROM FORBESSps Commerce (SPSC)

Trinet Group Inc (TNET)

Next on the Top Buys today is Trinet Group Inc with AI-based factor scores of B in Technical, A in Growth, C in Momentum Volatility, and A in Quality Value. The stock has done average this year, up 7.31% now, after an impressive rebound off the March lows. The company is a United States-based company that provides human resources solutions for small to medium-size companies. As for the financials, revenue grew by 3.29% in the last fiscal year to $3856.0M, a growth of 21.62% over the last three fiscal years from $3275.0M. Operating Income grew by 58.21% in the last fiscal year to $268.0M, a growth of 95.39% over the last three fiscal years from $217.0M three years ago. EPS grew by 53.12% in the last fiscal year to $2.99, a growth of 83.86% over the last three fiscal years from $2.49 three years ago. ROE was 49.88% in the last year, which compares to 147.72% three years ago. The stock is trading with a Forward 12M P/E of 31.45.

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Usana Health Sciences Inc (USNA)

Our final Top Buy today is Usana Health Sciences Inc USNA  with our deep learning algorithms assigning factor scores of C in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value. The stock has lost a bit of ground this year, losing 2.98%, but is an attractive purchase at these levels. The company is a U.S.-based company that is principally engaged in developing, manufacturing, and selling science-based nutritional and personal-care products. As for the financials, revenue grew by 0.98% over the last three fiscal years to $1060.9M in the last fiscal, compared to $1047.27M three years ago. Operating Income grew by 8.51% in the last fiscal year to $146.19M, a growth of 19.71% over the last three fiscal years from $132.5M three years ago. EPS grew by 14.74% in the last fiscal year to $4.41, a growth of 100.0% over the last three fiscal years from $2.53 three years ago. ROE was 27.06% in the last year, which compares to 18.17% three years ago. Forward 12M Revenue is expected to grow by 2.78% and the stock is trading with a Forward 12M P/E of 14.21.

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