Top Stocks To Buy Today As Markets Rally With Stronger Stimulus Hopes

Stocks continued yesterday’s rally on more stimulus optimism and strong earnings. Although Goldman Sachs GS expressed doubt that a stimulus package would pass before the election, the Dow moved 100 points higher, or 0.3%, while the S&P 500 gained 0.5% and the Nasdaq NDAQ climbed 0.7%. Although Netflix’s NFLX earnings disappointed and shares slipped 5.7%, shares of Snap jumped 22% after a surprise earnings beat. AutoNation AN also witnessed their “best quarter ever,” and shares of electric vehicle maker Nikola further catalyzed the markets as their shares surged after a GM executive expressed hope of keeping their partnership deal alive. For 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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Colgate-Palmolive Co (CL)

Colgate-Palmolive Co CL is our first Top Buy of the day. Colgate-Palmolive is one of the largest consumer products companies in the world, and focuses on production and distribution of household goods, health care, personal care, and veterinary products. Our AI systems rated Colgate-Palmolive B in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.78% to $79.83 on volume of 2,961,027 vs its 10-day price average of $79.64 and its 22-day price average of $77.95, and is up 17.19% for the year. Revenue grew by 1.55% in the last fiscal year and grew by 3.13% over the last three fiscal years, Operating Income grew by 2.08% in the last fiscal year, and EPS grew by 8.73% in the last fiscal year and grew by 31.14% over the last three fiscal years. Revenue was $15693.0M in the last fiscal year compared to $15454.0M three years ago, Operating Income was $3614.0M in the last fiscal year compared to $3925.0M three years ago, EPS was $2.75 in the last fiscal year compared to $2.28 three years ago, and ROE was 669.4% in the last year compared to 1672.31% three years ago. Forward 12M Revenue is expected to grow by 0.53% over the next 12 months, and the stock is trading with a Forward 12M P/E of 26.49.

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MORE FROM FORBESColgate-Palmolive (CL)

Innoviva Inc (INVA)

Healthcare asset management company Innoviva is our next Top Buy of the day. The California based company focuses on the development, commercialization and financial management of pharmaceuticals and biotech assets. Our AI systems rated Innoviva C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.61% to $9.9 on volume of 712,620 vs its 10-day price average of $10.3 and its 22-day price average of $10.48, and is down 28.93% 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 6.67.

MORE FROM FORBESInnoviva (INVA)

JB Hunt Transport Services Inc (JBHT) 

Trucking, logistics, and freight shipping giant JB Hunt is our third Top Buy of the day. Our AI systems rated JB Hunt B in Technicals, C in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.71% to $123.06 on volume of 1,047,158 vs its 10-day price average of $133.62 and its 22-day price average of $131.16, and is up 4.71% for the year. Revenue grew by 2.01% in the last fiscal year and grew by 30.04% over the last three fiscal years, while Operating Income grew by 17.65% over the last three fiscal years. Revenue was $9165.26M in the last fiscal year compared to $7189.57M three years ago, Operating Income was $757.22M in the last fiscal year compared to $623.79M three years ago, EPS was $4.77 in the last fiscal year compared to $6.18 three years ago, and ROE was 23.64% in the last year compared to 42.19% three years ago. Forward 12M Revenue is expected to grow by 6.89% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.92.

MORE FROM FORBESJ.B. Hunt Transport Services (JBHT)

Progressive Corp (PGR)

One of the largest providers of car insurance in the US is next on our list of Top Buys- Progressive Corp PGR . Progressive has been rated C in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value by our AI systems. The stock closed down 1.24% to $94.59 on volume of 1,934,682 vs its 10-day price average of $98.0 and its 22-day price average of $95.88, and is up 27.26% for the year. Revenue grew by 7.6% in the last fiscal year and grew by 56.48% over the last three fiscal years, Operating Income grew by 23.63% in the last fiscal year and grew by 188.45% over the last three fiscal years, and EPS grew by 28.43% in the last fiscal year and grew by 217.3% 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 7.71% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.91.

MORE FROM FORBESProgressive (PGR)

Wex Inc (WEX) 

Wex Inc is our final Top Buy of the day. Wex is an IT services company that provides payment processing and information management services to the US commercial and government vehicle fleet industry. However, the company also does business in Canada, South America, Europe, Asia, and Australia. Our AI systems rated Wex B in Technicals, C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.1% to $145.53 on volume of 249,947 vs its 10-day price average of $149.18 and its 22-day price average of $144.99, and is down 31.91% for the year. Revenue grew by 34.64% over the last three fiscal years, while Operating Income grew by 33.36% over the last three fiscal years, and EPS grew by 26.01% in the last fiscal year. Revenue was $1723.69M in the last fiscal year compared to $1248.58M three years ago, Operating Income was $403.64M in the last fiscal year compared to $257.64M three years ago, EPS was $2.26 in the last fiscal year compared to $3.71 three years ago, ROE was 7.99% in the last year compared to 10.14% three years ago. Forward 12M Revenue is expected to grow by 3.64% over the next 12 months, and the stock is trading with a Forward 12M P/E of 19.54.

MORE FROM FORBESWEX (WEX)

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