Top Stocks To Buy Today As Markets Rise Gradually Amid Mixed News

Although “more work needs to be done” in what seems to be endless stimulus talks, stocks were mildly higher this morning amidst positive jobless news, and strong earnings from Coca Cola, Tesla TSLA , AT&T T , and CSX. The Dow rose 52 points or .18%, while the S&P rose .26%, and the Nasdaq NDAQ gained .43%. While there is increasing pessimism about a stimulus passing, with Goldman Sachs GS yesterday expressing doubt, and JP Morgan calling the recovery “V-interrupted” once stimulus funds run out, the news today was not all bad. Jobless claims came in at a much better than expected 787,000 vs. the 875,000 expected. It was also the first time since March that initial claims came in below 800,000. Coca-Cola KO shares also rose more than 2% after posting earnings of 55 cents per share compared to the estimate of 46 cents per share, while Tesla popped 5% after reporting a fifth straight quarter of profits. AT&T and CSX also rose on strong earnings. 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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Advance Auto Parts Inc (AAP)

For the second time this week, North Carolina based automotive aftermarket parts provider Advance Auto Parts AAP is on our Top Buy list. The stock has been rated C in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value by our AI systems. Advance Auto Parts closed up 0.89% to $154.38 on volume of 884,466 vs its 10-day price average of $155.64 and its 22-day price average of $153.9, and is down 3.16% for the year. Revenue grew by 2.67% over the last three fiscal years, Operating Income grew by 20.03% over the last three fiscal years, and EPS grew by 1.11% over the last three fiscal years. Revenue was $9709.0M in the last fiscal year compared to $9373.78M three years ago, Operating Income was $756.78M in the last fiscal year compared to $583.51M three years ago, EPS was $6.84 in the last fiscal year compared to $6.42 three years ago, and ROE was 13.72% in the last year compared to 15.02% three years ago. Forward 12M Revenue is expected to grow by 2.09% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.58.

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Best Buy Co Inc (BBY)

Consumer electronics retailer Best Buy BBY is our second Top Buy of the day. The retail chain, which has been building up its ecommerce capabilities while prepping for a more online Black Friday experience, has been rated B in Technicals, A in Growth, A in Low Volatility Momentum, and A in Quality Value by our AI systems. The stock closed down 1.82% to $118.69 on volume of 1,772,180 vs its 10-day price average of $118.68 and its 22-day price average of $114.14, and is up 35.94% for the year. Revenue grew by 3.04% over the last three fiscal years, Operating Income grew by 4.87% in the last fiscal year and grew by 16.19% over the last three fiscal years, and EPS grew by 7.54% in the last fiscal year and grew by 89.49% over the last three fiscal years. Revenue was $43638.0M in the last fiscal year compared to $42151.0M three years ago, Operating Income was $2053.0M in the last fiscal year compared to $1853.0M three years ago, EPS was $5.75 in the last fiscal year compared to $3.26 three years ago, and ROE was 45.42% in the last year compared to 24.01% three years ago. Forward 12M Revenue is expected to grow by 1.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.59.

MORE FROM FORBESBest Buy (BBY)

CACI Intl Inc (CACI)

Government technology contractor CACI International CACI is our third Top Buy of the day. Our AI systems rated the Virginia based company B in Technicals, A in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.47% to $211.0 on volume of 147,816 vs its 10-day price average of $214.07 and its 22-day price average of $214.89, and is down 16.35% for the year. Revenue was $5720.04M in the last fiscal year compared to $4467.86M three years ago, Operating Income was $460.7M in the last fiscal year compared to $340.7M three years ago, EPS was $12.61 in the last fiscal year compared to $11.93 three years ago, and ROE was 12.78% in the last year compared to 15.44% three years ago. The stock is also trading with a Forward 12M P/E of 14.92.

MORE FROM FORBESCACI International (CACI)

Fedex Corp (FDX)

Delivery and logistics giant Fedex FDX is next on our Top Buys list. The company, which has seen robust returns this year due to the increased demand in ecommerce, has been rated D in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value by our AI systems. The stock closed down 1.78% to $282.28 on volume of 3,219,229 vs its 10-day price average of $278.27 and its 22-day price average of $264.43, and is up 82.0% for the year. Revenue grew by 3.28% in the last fiscal year and grew by 9.23% over the last three fiscal years, Operating Income grew by 23.66% in the last fiscal year, and EPS grew by 38.6% in the last fiscal year. Revenue was $69217.0M in the last fiscal year compared to $65450.0M three years ago, Operating Income was $2730.0M in the last fiscal year compared to $5460.0M three years ago, EPS was $4.9 in the last fiscal year compared to $16.79 three years ago, and ROE was 7.13% in the last year compared to 25.77% three years ago. Forward 12M Revenue is expected to grow by 0.52% over the next 12 months, and the stock is trading with a Forward 12M P/E of 18.27.

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MSC Industrial Supply (MSM)

MSC Industrial Supply is our final Top Buy of the day. The New York based company is one of the largest industrial equipment distributors in the entire planet. Our AI systems rated the company C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.94% to $66.5 on volume of 266,814 vs its 10-day price average of $66.2 and its 22-day price average of $64.36, and is down 15.58% for the year. Revenue grew by 13.84% over the last three fiscal years, Operating Income grew by 6.97% over the last three fiscal years, and EPS grew by 17.73% over the last three fiscal years. Revenue was $3363.82M in the last fiscal year compared to $2887.74M three years ago, Operating Income was $431.22M in the last fiscal year compared to $379.0M three years ago, EPS was $5.2 in the last fiscal year compared to $4.05 three years ago, and ROE was 20.12% in the last year compared to 19.92% three years ago. The stock is also trading with a Forward 12M P/E of 15.74.

MORE FROM FORBESMSC Industrial Supply (MSM)

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