Top Stocks To Buy Today As Markets Hit Fresh Records For Second Day

Stocks jumped once again on this shortened trading week to end 2020. After President Trump finally signed off on the $900 billion economic stimulus bill over the weekend, the House approved larger stimulus checks of $2000 compared to the $600 already sealed in the deal. Investors cheered this news as the major indices hit fresh record highs for the second day in a row. The Dow Jones surged 155 points, or 0.5%, the S&P 500 aso advanced 0.5%, and the Nasdaq NDAQ climbed 0.4%. The motion to raise stimulus checks will now go to the Senate where it is likely to see more pushback. Boeing BA led the Dow higher and rose more than 1% as its much maligned 737 Max jet was set to fly again in the U.S. Healthcare was also the best performing S&P sector gaining 0.7%. For investors looking to make the most of this market, 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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Calavo Growers Inc (CVGW)

Calavo Growers Inc CVGW is our first Top Buy today. Calavo Growers is a consumer goods and farm products company. The California company specializes in packaging and distributing avocados and other fruits, as well as fresh prepared food to restaurants, stores, and individual customers around the world. Our AI systems rated Calavo Growers C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.09% to $69.24 on volume of 103,697 vs its 10-day price average of $71.77 and its 22-day price average of $72.2, and is down 20.61% for the year. Revenue was $1059.37M in the last fiscal year compared to $1088.76M three years ago, Operating Income was $33.36M in the last fiscal year compared to $57.53M three years ago, EPS was $(0.78) in the last fiscal year compared to $1.84 three years ago, and ROE was (5.11%) in the last year compared to 12.58% three years ago. The stock is also trading with a Forward 12M P/E of 30.54.

MORE FROM FORBESCalavo Growers (CVGW)

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D R Horton Inc (DHI)

D R Horton DHI is our next Top Buy for today. D R Horton has been the largest homebuilder by volume in the United States since 2002, and is considered one of the largest corporations in the US in terms of revenue. Our AI systems rated the homebuilding giant B in Technicals, A in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 2.02% to $70.4 on volume of 1,982,153 vs its 10-day price average of $71.71 and its 22-day price average of $71.91, and is up 35.49% for the year. Revenue was $20311.1M in the last fiscal year compared to $16068.0M three years ago, Operating Income was $2938.9M in the last fiscal year compared to $2058.6M three years ago, EPS was $6.41 in the last fiscal year compared to $3.81 three years ago, and ROE was 21.24% in the last year compared to 17.3% three years ago. The stock is also trading with a Forward 12M P/E of 8.84.

MORE FROM FORBESD.R. Horton (DHI)

Hemisphere Media Group Inc (HMTV)

Hemisphere Media Group is our next Top Buy. Hemisphere Media Group is a Spanish language media company that owns and operates a myriad of Spanish-language movie, news, and entertainment channels. Our AI systems rated the company C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.52% to $10.4 on volume of 18,705 vs its 10-day price average of $10.51 and its 22-day price average of $10.85, and is down 29.59% for the year. Revenue grew by 15.37% over the last three fiscal years, Operating Income grew by 43.38% over the last three fiscal years, and EPS grew by -45.92% over the last three fiscal years. Revenue was $149.39M in the last fiscal year compared to $124.46M three years ago, Operating Income was $47.5M in the last fiscal year compared to $26.73M three years ago, EPS was $(0.09) in the last fiscal year compared to $(0.33) three years ago, and ROE was (1.5%) in the last year compared to (5.29%) three years ago. Forward 12M Revenue is expected to grow by 2.56% over the next 12 months, and the stock is trading with a Forward 12M P/E of 104.0.

MORE FROM FORBESHemisphere Media Group (HMTV)

NCR Corp (NCR)

Ncr Corp NCR is our fourth Top Buy today. The company is a software, managed and professional services, consulting and technology company. It is also a world leader in providing self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners. Our AI systems rated Ncr Corp B in Technicals, C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.41% to $37.44 on volume of 1,257,257 vs its 10-day price average of $35.01 and its 22-day price average of $33.11, and is up 5.46% for the year. EPS grew by 225.29% over the last three fiscal years. Revenue was $6915.0M in the last fiscal year compared to $6516.0M three years ago, Operating Income was $590.0M in the last fiscal year compared to $710.0M three years ago, EPS was $3.36 in the last fiscal year compared to $0.97 three years ago, and ROE was 44.27% in the last year compared to 15.44% three years ago. Forward 12M Revenue is expected to grow by 3.31% over the next 12 months, and the stock is trading with a Forward 12M P/E of 15.65.

MORE FROM FORBESNCR (NCR)

AT&T Inc (T)

Our final Top Buy for the day is AT&T T . AT&T is the largest telecom company in the world, and is also the largest provider of mobile telephone services, and fixed telephone services in the United States. Since becoming the parent company of WarnerMedia in 2018, it has also become the largest media and entertainment company in terms of revenue in the entire globe. Our AI systems rated AT&T B in Technicals, A in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.49% to $28.55 on volume of 41,575,385 vs its 10-day price average of $29.38 and its 22-day price average of $29.59, and is down 21.52% for the year. Revenue grew by 7.69% over the last three fiscal years, and Operating Income grew by 7.26% in the last fiscal year and grew by 24.01% over the last three fiscal years. Revenue was $181193.0M in the last fiscal year compared to $160546.0M three years ago, Operating Income was $27741.0M in the last fiscal year compared to $23995.0M three years ago, EPS was $1.89 in the last fiscal year compared to $4.77 three years ago, and ROE was 7.57% in the last year compared to 22.43% three years ago. Forward 12M Revenue is expected to grow by 1.25% over the next 12 months, and the stock is trading with a Forward 12M P/E of 9.02.

MORE FROM FORBESAT&T (T)

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