Top Stocks To Buy Today As Markets Gain After Brutal 3 Weeks

Stocks opened the day with mild gains after yesterday’s harsh sell-off. The markets have been experiencing one of the worst Septembers in recent memory, and the indices looked to take a breather from the pain. Nasdaq NDAQ led the recovery up .7%, while the Dow rose over 100 pts (.3%), and the S&P rose .5%. Big Tech was at the forefront of the gains, with Amazon AMZN rising 2.4% after an upgrade, and Facebook, Apple AAPL and Microsoft MSFT also moving higher. Fed Chair Jerome Powell’s statement that the Fed would support the economy “for as long as it takes” also put nervous investors at relative ease after concerns regarding more stimulus moved the markets lower in the last few trading sessions. However, lots of fears remained centered around Europe, which somewhat tempered gains. Fears of another national lockdown in the UK prevailed with Prime Minister Boris Johnson ordering bars and restaurants closed between 10 p.m. and 5 a.m., as well as concerns about European banks due to a report showing that many banks in Europe were likely complicit in money laundering. For investors looking to make sense of this rough month, 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.

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Adobe Inc (ADBE)

The first stock on our Top Buys list is tech giant Adobe Inc ADBE . Adobe for years has been at the forefront of creativity and computer software, and has recently diversified itself into a multifaceted, growing tech conglomerate on par with all the other big tech names out there. Our AI systems have rated Adobe C in Technical, A in Growth, B in Momentum Volatility, and A in Quality Value. The stock closed up 1.73% to $475.64 on volume of 3,913,745 vs its 10-day price average of $476.63 and its 22-day price average of $491.31, and is up 42.22% 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 32.31% in the last fiscal year and grew by 134.87% 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 also expected to grow by 11.02% over the next 12 months, and the stock is trading with a Forward 12M P/E of 44.02.

MORE FROM FORBESAdobe (ADBE)

Dollar Tree Inc (DLTR)

Discount retailer Dollar Tree DLTR is next on our list of Top Buys. While retailers have largely suffered this year, unless they were e-commerce platforms, our AI systems recognize a strong buying opportunity in Dollar Tree. Our AI systems have the company rated C in Technical, B in Growth, B in Momentum Volatility, and B in Quality Value. The stock closed down 2.33% to $85.97 on volume of 1,978,893 vs its 10-day price average of $89.13 and its 22-day price average of $93.63, and is down 8.33% for the year. Revenue grew by 4.3% in the last fiscal year and grew by 10.7% over the last three fiscal years, while Operating Income grew by 18.5% in the last fiscal year, and EPS grew by 7.48% in the last fiscal year. Revenue was $23610.8M in the last fiscal year compared to $22245.5M three years ago, Operating Income was $1584.3M in the last fiscal year compared to $2004.7M three years ago, EPS was $3.47 in the last fiscal year compared to $7.21 three years ago, and ROE was 13.9% in the last year compared to 27.27% three years ago. Forward 12M Revenue is also expected to grow by 0.89% over the next 12 months, while the stock is trading with a Forward 12M P/E of 15.63.

MORE FROM FORBESDollar Tree (DLTR)

Summit Materials Inc (SUM)

Summit Materials is third on our list of Top Buys. The concrete and cement materials producer has been rated A in Technical, B in Growth, C in Momentum Volatility, and C in Quality Value by our AI systems. The stock closed down 6.3% to $15.33 on volume of 1,902,148 vs its 10-day price average of $16.27 and its 22-day price average of $15.77, and is down 35.88% for the year. Revenue grew by 2.91% in the last fiscal year and grew by 18.33% over the last three fiscal years, while Operating Income grew by 16.67% in the last fiscal year and grew by 10.12% over the last three fiscal years, and EPS grew by 75.05% in the last fiscal year. Revenue was $2222.14M in the last fiscal year compared to $1932.58M three years ago, Operating Income was $215.78M in the last fiscal year compared to $228.61M three years ago, EPS was $0.52 in the last fiscal year, compared to $1.11 three years ago, and ROE was 4.39% in the last year compared to 11.8% three years ago. Forward 12M Revenue is also expected to grow by 1.03% over the next 12 months, and the stock trading with a Forward 12M P/E of 17.78.

MORE FROM FORBESSummit Materials (SUM)

Tractor Supply Co (TSCO)

Last on our list of Top Buys is Tractor Supply Co, a leading retail store chain focused on home improvement products, agricultural products, lawn and garden maintenance, livestock, equine and pet care. Our AI systems have given Tractor Supply Co ratings of D in Technical, A in Growth, A in Momentum Volatility, and A in Quality Value. The stock closed down 0.4% to $137.555 on volume of 1,079,789 vs its 10-day price average of $138.49 and its 22-day price average of $144.77, and is up 47.73% for the year. Revenue grew by 11.49% in the last fiscal year and grew by 28.32% over the last three fiscal years, Operating Income grew by 22.69% in the last fiscal year and grew by 33.37% over the last three fiscal years, and EPS grew by 24.97% in the last fiscal year and grew by 76.47% over the last three fiscal years. Revenue was $8351.93M in the last fiscal year compared to $7256.38M three years ago, Operating Income was $746.12M in the last fiscal year compared to $686.38M three years ago, EPS was $4.66 in the last fiscal year compared to $3.3 three years ago, and ROE was 35.95% in the last year compared to 29.43% three years ago. The stock is also currently trading with a Forward 12M P/E of 22.87.

MORE FROM FORBESTractor Supply (TSCO)

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