Top Stocks To Buy Today As Markets Extend Gains Into Election Day

Markets are set to continue yesterday’s gains, as investors seem relieved that election day is finally here, and optimistic that we will know a winner sooner rather than later. The Dow was up 436 points higher, or 1.7%, the S&P 500 was up 1.4% and the Nasdaq NDAQ was up 0.7%. Although October ended with 2 straight weekly losses, with last week showing the worst losses since March, sentiment has surely shifted to kick off November. An ISM manufacturing report came out yesterday, with very positive results. This builds on the strong GDP report released last week, and the improving jobless claims. The backdrop of strengthening earnings and fundamentals will also help markets navigate what could be a volatile week, as companies such as PayPal PYPL , Qualcomm QCOM , Alibaba BABA , T-Mobile, Square, Uber UBER , and CVS are set to announce. Outside of the election, investors are also eagerly anticipating the Fed’s announcement on Thursday, and the October jobs report on Friday. However, the surge in COVID and resulting global lockdowns, combined with the lack of stimulus, are still very real headwinds that could continue to induce volatility. For anxious investors looking to make sense of the markets, 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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Akamai Technologies Inc (AKAM)

Digital intelligence and cloud computing company Akamai Technologies AKAM is our first Top Buy of the day. Our AI systems rated Akamai C in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.73% to $95.81 on volume of 1,487,315 vs its 10-day price average of $103.0 and its 22-day price average of $107.33, and is up 9.32% for the year. Revenue grew by 7.96% in the last fiscal year and grew by 25.51% over the last three fiscal years=, Operating Income grew by 18.94% in the last fiscal year and grew by 73.77% over the last three fiscal years, and EPS grew by 17.61% in the last fiscal year and grew by 164.41% over the last three fiscal years. Revenue was $2893.62M in the last fiscal year compared to $2489.04M three years ago, Operating Income was $573.52M in the last fiscal year compared to $392.55M three years ago, EPS was $2.9 in the last fiscal year compared to $1.29 three years ago, and ROE was 13.96% in the last year compared to 6.76% three years ago. Forward 12M Revenue is expected to grow by 4.73% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.92.

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Advanced Micro Devices (AMD)

Semiconductor upstart Advanced Micro Devices AMD is our next Top Buy. The stock has been one of the best performing tech stocks during the COVID-era, and has been beating long time sector heavyweights such Intel. Advanced Micro Devices also finalized their acquisition of rival Xilinx XLNX last week for $35 billion. Our AI systems rated Advanced Micro Devices D in Technicals, A in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.78% to $74.7 on volume of 45,760,659 vs its 10-day price average of $78.77 and its 22-day price average of $81.75, and is up 52.14% for the year. Revenue grew by 28.45% in the last fiscal year and grew by 64.59% over the last three fiscal years, Operating Income grew by 81.77% in the last fiscal year and grew by 803.15% over the last three fiscal years, EPS grew by 146.06% in the last fiscal year and grew by -2229.57% over the last three fiscal years. Revenue was $6731.0M in the last fiscal year compared to $5253.0M three years ago, Operating Income was $631.0M in the last fiscal year compared to $127.0M three years ago, EPS was $0.3 in the last fiscal year compared to $(0.03) three years ago, and ROE was 16.66% in the last year compared to (6.52%) three years ago. Forward 12M Revenue is expected to grow by 21.67% over the next 12 months, and the stock is trading with a Forward 12M P/E of 42.99.

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Fedex Corp (FDX)

Logistics and delivery giant Fedex FDX is our next Top Buy today. The company has surged this year due to the increased e-commerce demand from the COVID-19 world. Our AI systems rated Fedex D in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.89% to $266.98 on volume of 2,033,918 vs its 10-day price average of $273.47 and its 22-day price average of $272.26, and is up 74.38% for the year. Revenue grew by 3.28% in the last fiscal year and grew by 9.23% over the last three fiscal years, while Operating Income grew by 23.66% in the last fiscal year, and EPS grew by 38.6% in the last fiscal year. Revenue was $69217.0M in the last fiscal year compared to $65450.0M three years ago, Operating Income was $2730.0M in the last fiscal year compared to $5460.0M three years ago, EPS was $4.9 in the last fiscal year compared to $16.79 three years ago, and ROE was 7.13% in the last year compared to 25.77% three years ago. Forward 12M Revenue is expected to grow by 0.48% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.28.

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Thermo Fisher Scientific Inc (TMO)

Thermo Fisher Scientific is back on our list of Top Buys today after making several appearances over the last few weeks. The Massachusetts based company provides crucial tools and software to laboratories across sectors ranging from healthcare, to life sciences, to government, to industrials. Our AI systems rated the company C in Technicals, A in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.57% to $480.55 on volume of 1,655,998 vs its 10-day price average of $477.02 and its 22-day price average of $466.73, and is up 47.52% for the year. Revenue grew by 11.57% in the last fiscal year and grew by 36.23% over the last three fiscal years, Operating Income grew by 42.27% in the last fiscal year and grew by 88.2% over the last three fiscal years, and EPS grew by 32.98% in the last fiscal year and grew by 118.05% over the last three fiscal years. Revenue was $25542.0M in the last fiscal year compared to $20918.0M three years ago, Operating Income was $4261.0M in the last fiscal year compared to $3221.0M three years ago, EPS was $9.17 in the last fiscal year compared to $5.59 three years ago, and ROE was 12.91% in the last year compared to 9.49% three years ago. Forward 12M Revenue is expected to grow by 7.27% over the next 12 months, and the stock is trading with a Forward 12M P/E of 23.88.

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Werner Enterprises Inc (WERN)

Werner Enterprises WERN is our final Top Buy of the day. The Omaha based company is a leading transportation and logistics provider for world-class supply chain solutions across the globe. Our AI systems rated Werner Enterprises B in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.68% to $38.28 on volume of 806,086 vs its 10-day price average of $40.05 and its 22-day price average of $41.8, and is up 6.3% for the year. Revenue grew by 12.14% over the last three fiscal years, while Operating Income grew by 38.73% over the last three fiscal years. Revenue was $2463.7M in the last fiscal year compared to $2116.74M three years ago, Operating Income was $203.92M in the last fiscal year, compared to $137.02M three years ago, EPS was $2.38 in the last fiscal year compared to $2.8 three years ago, and ROE was 14.05% in the last year compared to 18.62% three years ago. Forward 12M Revenue is expected to grow by 4.68% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.14.

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