Top Stocks To Buy Today As Markets Rise Despite Stimulus And COVID Concerns

COVID continues reaching grim milestones and hitting new highs in cases, deaths, and hospitalizations, and threatening to stall the economic recovery. New York Gov. Andrew Cuomo said Monday that New York City could lose indoor dining as soon as next week if hospitals become overwhelmed. Despite these record numbers threatening to derail economic growth and recovery, there is also still no stimulus package. Investors are becoming increasingly concerned and stocks were set for mild losses for a second consecutive day. At this time, the Dow rose 118 points, or 0.4%, the S&P 500 gained 0.3%, and the Nasdaq NDAQ jumped 0.3%. Tesla TSLA declined after announcing it would sell up to $5 billion in stock. After hitting another record high yesterday, the stock fell 3.3%. 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.

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Costco Wholesale Corp (COST)

Membership-only warehouse retailer Costco is our first Top Buy today. Costco as of 2015, was the second largest retailer in the world after Walmart WMT , and the world’s largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine as of 2016. Our AI systems rated Costco B in Technicals, B in Growth, A in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.03% to $373.33 on volume of 2,652,928 vs its 10-day price average of $377.71 and its 22-day price average of $372.8, and is up 32.5% for the year. Revenue was $166761.0M in the last fiscal year compared to $141576.0M three years ago, Operating Income was $6023.0M in the last fiscal year compared to $4480.0M three years ago, EPS was $9.02 in the last fiscal year compared to $7.09 three years ago, and ROE was 23.68% in the last year compared to 26.29% three years ago. The stock is also trading with a Forward 12M P/E of 38.09.

MORE FROM FORBESCostco Wholesale (COST)

MORE FOR YOU

PPG Industries Inc (PPG)

PPG Industries is our second Top Buy today. The Pittsburgh headquartered PPG is a global supplier of paints, coatings, and specialty materials, and by revenue,is the largest coatings company in the world. Our AI systems rated PPG C in Technicals, B in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 1.38% to $144.9 on volume of 917,061 vs its 10-day price average of $146.74 and its 22-day price average of $144.09, and is up 12.14% for the year. Revenue was $15146.0M in the last fiscal year compared to $14748.0M three years ago, Operating Income was $1854.0M in the last fiscal year compared to $1986.0M three years ago, EPS was $5.22 in the last fiscal year compared to $6.18 three years ago, and ROE was 25.04% in the last year compared to 26.26% three years ago. Forward 12M Revenue is expected to grow by 8.17% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.61.

MORE FROM FORBESPPG (PPG)

Simply Good Foods Company (SMPL)

Simply Good Foods Company is our next Top Buy. The company is a nutritional snack foods company and aims to lead the nutritional snacking industry with trusted, innovative, and convenient brands. Our AI systems rated the company A in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.22% to $23.21 on volume of 352,782 vs its 10-day price average of $22.53 and its 22-day price average of $22.81, and is down 16.69% for the year. Revenue was $816.64M in the last fiscal year, compared to $431.43M three years ago, Operating Income was $132.14M in the last fiscal year compared to $64.14M three years ago, EPS was $0.35 in the last fiscal year compared to $0.96 three years ago, and ROE was 3.35% in the last year compared to 11.08% three years ago. The stock is also trading with a Forward 12M P/E of 23.96.

MORE FROM FORBESSimply Good Foods Company (SMPL)

Tetra Te TTEK ch Inc (TTEK)

Tetra Tech is our fourth Top Buy today. Tetra Tech is a consulting and engineering services firm and provides these services for water, environment, infrastructure, resource management, energy, and international development. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.92% to $119.56 on volume of 314,320 vs its 10-day price average of $121.0 and its 22-day price average of $119.19, and is up 39.56% for the year. Revenue was $2348.57M in the last fiscal year compared to $2200.73M three years ago, Operating Income was $243.52M in the last fiscal year compared to $198.74M three years ago, EPS was $3.16 in the last fiscal year compared to $2.42 three years ago, and ROE was 17.16% in the last year compared to 14.45% three years ago. The stock is also trading with a Forward 12M P/E of 35.32.

MORE FROM FORBESTetra Tech (TTEK)

Yum Bran YUM ds Inc (YUM)

Yum Brands is our final Top Buy today. Yum Brands is a fast food holding company and operates well known brands such as KFC, Pizza Hut, and Taco Bell. Our AI systems rated Yum Brands C in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.59% to $105.24 on volume of 1,507,195 vs its 10-day price average of $105.83 and its 22-day price average of $103.92, and is up 4.97% for the year. Revenue grew by 0.11% in the last fiscal year, while Operating Income grew by 1.95% over the last three fiscal years. Revenue was $5597.0M in the last fiscal year compared to $5878.0M three years ago, Operating Income was $1906.0M in the last fiscal year compared to $1746.0M three years ago, and EPS was $4.14 in the last fiscal year compared to $3.77 three years ago. Forward 12M Revenue is expected to grow by 8.7% over the next 12 months, and the stock is trading with a Forward 12M P/E of 27.68.

MORE FROM FORBESYum! Brands (YUM)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Comments are closed.