Top Stocks To Buy Today As Markets Rise Amid Vaccine Optimism

The U.S. markets started the week on a positive note with major indices trading almost 1% higher. Investors have reacted with optimism after intentions to fast track the approval for AstraZeneca’s vaccine. The FDA has also given its nod for using plasma in the treatment of Covid-19 cases. In geopolitical news, there has been efforts to ease the tensions between the US and China with no further ban or tariffs imposed by either party (yet). Tech shares are continuing their rally with Apple AAPL , Microsoft MSFT , Alphabet, and Facebook looking good in the charts. Crude oil also gained over 1%. Q.ai’s deep learning algorithms have parsed through the data and used Artificial Intelligence (“AI”) to help you spot the Top Buys for today.

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Borgwarner Inc (BWA)

First on the list today is Borgwarner Inc BWA , a company that provides solutions for combustion, hybrid, and electric vehicles worldwide. Our AI technology has identified factor scores of rated C in Technical, D in Growth, B in Momentum Volatility, and B in Quality Value for the stock that is down 7.65% for the year. As or the financials, revenue grew over the last three fiscal years from $9799.0M to $10168.0M in the last fiscal year. Operating income dropped slightly to $1206.0M in the last fiscal year from $1222.0M three years ago. EPS grew at 3.91% over the last fiscal year to $3.61, much higher compared to $2.08 three years ago. ROE improved to 17.35% in the last year from 13.55% three years ago. Forward 12M revenue is expected to grow by 14.26% over the next 12 months as the demand for electric vehicles remains strong. The stock trades with an attractive Forward 12M P/E of 12.59.

Flowserve Corp (FLS)

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Flowserve Corp FLS  designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through two segments: Flowserve Pump Division (FPD) and Flow Control Division (FCD). Our AI has given factor scores of A in Technical, C in Growth, B in Momentum Volatility, and C in Quality Value, and the stock is down 42.34% for the year. As for the financials, revenue grew by 6.1% over the last three fiscal years to $3944.85M in the last fiscal year from $3660.83M. Operating Income has been consistently registering a strong momentum, growing by 89.15% in the last three years to $429.7M in the last fiscal year compared to $207.51M three years ago. EPS was $1.93 in the last fiscal year and $0.02 three years ago, which is a growth rate of 5461.61%.  ROE grew to 15.06% in the last year compared to 0.26% three years ago. The stock trades with a forward 12M P/E of 18.96.

Hawaiian Electric Inds (HE)

Hawaiian Electric Inds is the third company, with factor scores of A in Technical, C in Growth, A in Momentum Volatility, and C in Quality Value. It engages in the electric utility and banking businesses primarily in the state of Hawaii. The stock is down 25.29% for the year. Digging into the financials, revenue grew by 8.92% over the last three fiscal years to $2874.6M in the last fiscal year. Three years ago, the revenue was $2555.62M. Operating Income Operating Income was $345.87M in the last fiscal year, slightly higher when compared to $338.29M three years ago. EPS grew by 26.97% in the last three fiscal years from $1.52 to $1.99 in the last fiscal year. ROE increased to 9.66% in the last fiscal year from 7.81% three years ago. Revenue is expected to grow by 2.51% in the next 12 months. The stock is trading with a forward 12M P/E of 19.22.

ITT Inc (ITT)

Our AI technology has assigned ITT Inc ITT with factor scores of A in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value. ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The stock is down 19.32% for the year. As for the financials, revenue grew by 0.92% over the last three fiscal years to $2846.4M in the last fiscal year compared to $2585.3M three years ago. Operating Income, on the other hand, increased to $401.3M in the last fiscal year from $306.1M three years ago, which is a growth rate of 13.36%. EPS grew by 185.47% over the last three fiscal years to $3.67 in the last fiscal year from $1.27. ROE increased to 16.63% in the last fiscal year, significantly higher when compared to 7.59% three years ago. Revenue is set to grow by 3.3% in the next 12 months and the stock is trading at a Forward 12M P/E of 19.56.

Sonoco Products Co (SON)  

And finally, we have Sonoco Products Co, with factor scores from our AI systems of C in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value. The company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia through its four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The stock is down 12.76% for the year. As for the financials, Revenue grew by 3.47%, from $5036.65M three years ago to $5374.21M in the last fiscal year. Operating Income grew by 21.46% from $419.51M three years ago to$511.09M in the last fiscal year. EPS grew at a higher rate of 54.6% to $2.88 in the last fiscal year compared to $1.74 three years ago. ROE also increased to 16.31% in the last year from 10.8% three years ago. Revenue is projected to grow by 0.17% over the next 12 months. The stock currently trades with a forward 12M P/E of 16.49.

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