Top Stocks To Buy Today As Earnings Continue To Impress Investors

Earnings season continues its strong run as investors cheered Goldman GS Sachs earnings beat. Goldman crushed their consensus estimates largely due to an increase in bond trading revenue. Bank of America BAC and United Health also beat earnings, however, their stocks both dropped today. Sentiment is surely strong in October. Despite yesterday’s dip due to poor COVID vaccine and treatment news from Johnson and Johnson JNJ and Eli Lilly, the indices are up thus far in October. The Dow is up more than 3% while the S&P 500 and Nasdaq NDAQ have gained more than 4% and 6%, respectively. Today, the Dow is up by 47 points, or 0.2%., while the S&P 500 is up 0.1% and the Nasdaq is up 0.2%. Anxious investors are awaiting significant economic data to be released this week while stimulus talks are currently at an impasse. Jobless claims will also be announced tomorrow, while retail sales, industrial production, and consumer sentiment will be announced Friday. 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.

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Epam Systems Inc (EPAM)

Epam Systems Inc EPAM is our first Top Buy of today. The Pennsylvania based software company focuses on product development, digital platform engineering, and digital and product design, and has worked with clients such as Bacardi. Our AI systems have rated Epam Systems B in Technical, B in Growth, C in Momentum Volatility, and B in Quality Value. The stock closed up 1.07% to $348.76 on volume of 232,638 vs its 10-day price average of $336.35 and its 22-day price average of $328.83, and is up 61.23% for the year. Revenue grew by 9.19% in the last fiscal year and grew by 72.68% over the last three fiscal years, Operating Income grew by 11.03% in the last fiscal year and grew by 94.42% over the last three fiscal years, and EPS grew by 11.9% in the last fiscal year and grew by 284.01% over the last three fiscal years. Revenue was $2293.8M in the last fiscal year compared to $1450.45M three years ago, Operating Income was $302.85M in the last fiscal year compared to $172.95M three years ago, EPS was $4.53 in the last fiscal year compared to $1.32 three years ago, and ROE was 18.26% in the last year compared to 8.29% three years ago. Forward 12M Revenue is expected to grow by 7.13% over the next 12 months, and the stock is trading with a Forward 12M P/E of 55.6.

Recommended For You

MORE FROM FORBESEPAM Systems (EPAM)

Innoviva Inc (INVA)

Innoviva Inc is our next Top Buy of the day. Innoviva, which is a healthcare focused asset management company, 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 1.51% to $10.78 on volume of 509,145 vs its 10-day price average of $10.45 and its 22-day price average of $10.8, and is down 22.61% for the year. Revenue grew by 14.69% in the last fiscal year and grew by 37.81% over the last three fiscal years, Operating Income grew by 16.23% in the last fiscal year and grew by 55.95% over the last three fiscal years, and EPS grew by 44.92% in the last fiscal year and grew by 79.59% over the last three fiscal years. Revenue was $261.02M in the last fiscal year compared to $217.22M three years ago, Operating Income was $246.36M in the last fiscal year compared to $183.6M three years ago, EPS was $1.39 in the last fiscal year compared to $1.12 three years ago, and ROE was 76.22% in the last year. The stock is also trading with a Forward 12M P/E of 7.26.

MORE FROM FORBESInnoviva (INVA)

Laureate Education Inc (LAUR)

Laureate Education Inc is our third Top Buy of the day. Laureate is a Baltimore based education company that owns and operates universities in over 150 campuses in 10 countries, with primary focus in Latin America. Our AI systems have rated Laureate D in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value. The stock closed down 1.82% to $13.46 on volume of 311,745 vs its 10-day price average of $13.38 and its 22-day price average of $13.09, and is down 24.51% for the year. Operating Income grew by 16.05% over the last three fiscal years, while EPS grew by -5.36% over the last three fiscal years. Revenue was $3250.33M in the last fiscal year compared to $3333.07M three years ago, Operating Income was $326.73M in the last fiscal year compared to $239.6M three years ago, EPS was $4.23 in the last fiscal year compared to $(1.2) three years ago, and ROE was 0.57% in the last year compared to 1.08% three years ago. The stock is also trading with a Forward 12M P/E of 18.38.

MORE FROM FORBESLaureate Education (LAUR)

Progressive Corp (PGR)

One of the largest providers of car insurance in the US is our next Top Buy of the day-Progressive Corp PGR . Our AI systems have rated Progressive C in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value. The stock closed down 1.09% to $100.27 on volume of 2,206,865 vs its 10-day price average of $96.93 and its 22-day price average of $95.63, and is up 34.9% for the year. Revenue grew by 3.97% in the last fiscal year and grew by 51.2% over the last three fiscal years, Operating Income grew by 6.39% in the last fiscal year and grew by 148.23% over the last three fiscal years, and EPS grew by 11.01% in the last fiscal year and grew by 174.25% over the last three fiscal years. Revenue was $38997.7M in the last fiscal year compared to $26816.1M three years ago, Operating Income was $5350.0M in the last fiscal year compared to $2293.0M three years ago, EPS was $6.72 in the last fiscal year compared to $2.72 three years ago, and ROE was 31.92% in the last year compared to 17.53% three years ago. Forward 12M Revenue is expected to grow by 5.07% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.91.

MORE FROM FORBESProgressive (PGR)

Perspecta Inc (PRSP)

Perspecta Inc is our final Top Buy of the day. Our AI systems rated the government services company C in Technical, D in Growth, B in Momentum Volatility, and A in Quality Value. The stock closed down 0.76% to $19.63 on volume of 854,063 vs its 10-day price average of $19.4 and its 22-day price average of $19.49, and is down 25.47% for the year. Revenue grew by 0.02% in the last fiscal year and grew by 59.81% over the last three fiscal years, and was $4504.0M in the last fiscal year compared to $2819.0M three years ago. Operating Income was $305.0M in the last fiscal year compared to $315.0M three years ago, EPS was $(4.17) in the last fiscal year compared to $1.46 three years ago, and ROE was (38.42%) in the last year compared to 13.23% three years ago. Forward 12M Revenue is expected to grow by 0.62% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.02.

MORE FROM FORBESPerspecta (PRSP)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Comments are closed.