Top Stocks To Buy Today As Dow Surges For Fourth Consecutive Day

Markets continued the post-election rally with strong gains for the fourth consecutive day. This has been the best weekly performance for the indices since April, as investors continue to remain optimistic that there will be a winner declared sooner rather than later. The Dow Jones gained 613 points, or 2.2%, while the S&P 500 climbed 2.4% and the Nasdaq NDAQ advanced 2.6%. While polls this election year did not have a clear preferred candidate, markets are reacting very positively to the fact that a great deal of the election uncertainty has passed. Furthermore, a result sooner rather than later gives investors hope that a stimulus will come sooner rather than later. While many states are still counting ballots, Joe Biden is currently in the lead, and only needs one more state to claim the minimum 270 electoral votes. Tech shares led the way today as investors seemed hopeful that a divided government means less taxes and regulation. Facebook and Alphabet both traded more than 2% higher, while Amazon AMZN , Microsoft MSFT and Apple AAPL gained more than 3% each. Investors are also eagerly anticipating more earnings, the Fed’s announcement today, and the October jobs report tomorrow. For investors looking to make the most of this rally, 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 Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best long plays.

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Adobe Inc (ADBE)

For the second day in a row, Adobe Inc ADBE is our first Top Buy of the day. The software conglomerate has a strong track record as a platform for creatives through its multimedia and creativity software products, and has recently gotten more involved with digital marketing software. Our AI systems rated Adobe B in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 7.31% to $487.23 on volume of 4,524,341 vs its 10-day price average of $467.72 and its 22-day price average of $484.71, and is up 45.69% for the year. Revenue grew by 11.32% in the last fiscal year and grew by 70.33% over the last three fiscal years, Operating Income grew by 22.15% in the last fiscal year and grew by 84.13% over the last three fiscal years, and EPS grew by 32.34% in the last fiscal year and grew by 134.92% over the last three fiscal years. Revenue was $11171.3M in the last fiscal year compared to $7301.5M three years ago, Operating Income was $3268.12M in the last fiscal year compared to $2168.09M three years ago, EPS was $6.0 in the last fiscal year compared to $3.38 three years ago, and ROE was 29.67% in the last year compared to 21.33% three years ago. Forward 12M Revenue is expected to grow by 10.87% over the next 12 months, and the stock is trading with a Forward 12M P/E of 45.1.

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GP Strategies Corp (GPX)

Management consulting software company Gp Strategies GPX is our next Top Buy of the day. GP Strategies provides services to improve sales and technical training, e-learning, management consulting, and engineering services. Our AI systems rated the company B in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 6.77% to $9.5 on volume of 10,161 vs its 10-day price average of $10.09 and its 22-day price average of $10.36, and is down 25.95% for the year. Revenue grew by 3.85% over the last three fiscal years and was $583.29M in the last fiscal year compared to $509.21M three years ago. Operating Income was $16.85M in the last fiscal year compared to $24.61M three years ago, EPS was $0.9 in the last fiscal year compared to $0.76 three years ago, and ROE was 7.66% in the last year compared to 7.25% three years ago. Forward 12M Revenue is expected to grow by 3.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.0.

MORE FROM FORBESGP Strategies (GPX)

Nvidia Corp (NVDA)

Nvidia Corp NVDA is our third Top Buy of the day. The semiconductor giant has been one of the top performing stocks of the COVID-era. Its GPUs for the gaming and professional markets continue to be the gold industry standard, as well as its chips for mobile computing and automotives. Nvidia has been rated B in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value by our AI systems. The stock closed up 5.95% to $551.77 on volume of 10,255,732 vs its 10-day price average of $524.28 and its 22-day price average of $540.71, and is up 130.31% for the year. Revenue grew by 19.66% in the last fiscal year and grew by 34.5% over the last three fiscal years, Operating Income grew by 31.1% in the last fiscal year and grew by 16.23% over the last three fiscal years, and EPS grew by 20.44% in the last fiscal year and grew by 12.94% over the last three fiscal years. Revenue was $10918.0M in the last fiscal year compared to $9714.0M three years ago, Operating Income was $2846.0M in the last fiscal year compared to $3210.0M three years ago, EPS was $4.52 in the last fiscal year compared to $4.82 three years ago, and ROE was 25.95% in the last year compared to 46.05% three years ago. Forward 12M Revenue is expected to grow by 11.0% over the next 12 months, and the stock is trading with a Forward 12M P/E of 55.13.

MORE FROM FORBESNVIDIA (NVDA)

Provident Bancorp Inc (PVBC)

Massachusetts based Provident Bancorp is our fourth Top Buy of the day. The regional New England bank has been rated A in Growth, A in Low Volatility Momentum, and C in Quality Value by our AI systems. The stock closed down 2.24% to $8.74 on volume of 17,761 vs its 10-day price average of $8.69 and its 22-day price average of $8.43, and is down 29.35% for the year. Revenue grew by 13.48% in the last fiscal year and grew by 22.47% over the last three fiscal years, Operating Income grew by 9.16% in the last fiscal year and grew by 7.14% over the last three fiscal years, and EPS grew by 36.23% 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 4.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.87.

MORE FROM FORBESProvident Bancorp (PVBC)

Paypal Holdings Inc (PYPL)

Paypal PYPL  is our final Top Buy of the day. Despite its earnings reports underwhelming investors, the payment processor and online money transfer platform continues to innovate and revolutionize the fintech space. Our AI systems rated Paypal C in Technicals, A in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed up 8.05% to $194.29 on volume of 16,106,952 vs its 10-day price average of $194.0 and its 22-day price average of $197.82, and is up 75.43% for the year. Revenue grew by 14.22% in the last fiscal year and grew by 55.03% over the last three fiscal years, Operating Income grew by 15.16% in the last fiscal year and grew by 46.24% over the last three fiscal years, and EPS grew by 28.0% in the last fiscal year and grew by 80.25% over the last three fiscal years. Revenue was $17772.0M in the last fiscal year compared to $13094.0M three years ago, Operating Income was $2790.0M in the last fiscal year compared to $2197.0M three years ago, EPS was $2.07 in the last fiscal year compared to $1.47 three years ago, and ROE was 15.22% in the last year compared to 11.69% three years ago. Forward 12M Revenue is expected to grow by 13.86% over the next 12 months, and the stock is trading with a Forward 12M P/E of 45.71.

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