Top Stocks To Buy Today As Markets Slightly Rise Towards Record Highs

After pulling back somewhat yesterday, stocks slightly rose back towards record highs. The Dow Jones rose 100 points, or 0.4%, the S&P 500 climbed 0.4%, and the Nasdaq NDAQ gained 0.6%. The Russell 2000 also recovered some of its losses the last three sessions and gained 1.14%. The market’s move higher was largely due to the U.K. becoming the first country in the world to approve a third COVID vaccine- the vaccine developed by the University of Oxford and AstraZeneca. It could not have come at a better time due to COVID cases worldwide reaching grave numbers. The U.S. alone is now recording at least 180,905 new cases and at least 2,210 deaths a day. The Senate also continued debating on increasing stimulus checks to $2,000 from $600. 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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Dorman Products Inc (DORM)

Dorman Products Inc is our first Top Buy today. The company is involved in the supply of automotive replacement parts, fasteners, and service line products for the automotive aftermarket space. Our AI systems rated Dorman Products C in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.72% to $88.03 on volume of 102,111 vs its 10-day price average of $91.27 and its 22-day price average of $93.56, and is up 16.35% for the year. Revenue grew by 4.01% in the last fiscal year and grew by 14.16% over the last three fiscal years, Operating Income grew by 0.63% in the last fiscal year, and EPS grew by 6.59% in the last fiscal year. Revenue was $991.33M in the last fiscal year compared to $903.22M three years ago, Operating Income was $132.43M in the last fiscal year compared to $176.24M three years ago, EPS was $2.56 in the last fiscal year compared to $3.13 three years ago, and ROE was 11.16% in the last year compared to 17.24% three years ago. Forward 12M Revenue is expected to grow by 5.69% over the next 12 months, and the stock is trading with a Forward 12M P/E of 23.87.

MORE FROM FORBESDorman Products (DORM)

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Mueller Water Products Inc (MWA)

Mueller Water Products MWA is our next Top Buy. Mueller Water Products is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in all of North America. Our AI systems rated the company rated B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.66% to $12.09 on volume of 690,979 vs its 10-day price average of $12.11 and its 22-day price average of $12.04, and is up 2.72% for the year. Revenue was $964.1M in the last fiscal year compared to $916.0M three years ago, Operating Income was $133.2M in the last fiscal year compared to $111.7M three years ago, EPS was $0.45 in the last fiscal year compared to $0.66 three years ago, and ROE was 11.68% in the last year compared to 20.03% three years ago. The stock is also trading with a Forward 12M P/E of 21.92.

MORE FROM FORBESMueller Water Products (MWA)

Nike Inc (NKE)

Apparel giant Nike NKE is our next Top Buy for today. Nike has performed admirably this year despite the pandemic, and remains the world’s largest supplier of athletic shoes and apparel. Additionally, as of fiscal year ending May 31, 2020, Nike alone was valued in excess of $32 billion- good to make it the most valuable brand among sports businesses. Nike also recently touched all time highs after reporting strong earnings in its latest quarterly report. Our AI systems rated Nike B in Technicals, C in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.6% to $141.57 on volume of 3,231,385 vs its 10-day price average of $140.93 and its 22-day price average of $138.64, and is up 39.84% for the year. Revenue grew by 2.28% in the last fiscal year and grew by 5.1% over the last three fiscal years, while Operating Income grew by 18.72% in the last fiscal year, and EPS grew by 10.85% in the last fiscal year and grew by 51.59% over the last three fiscal years. Revenue was $37403.0M in the last fiscal year compared to $36397.0M three years ago, Operating Income was $3115.0M in the last fiscal year compared to $4445.0M three years ago, EPS was $1.6 in the last fiscal year compared to $1.17 three years ago, and ROE was 29.7% in the last year compared to 17.4% three years ago. Forward 12M Revenue is expected to grow by 6.63% over the next 12 months, and the stock is trading with a Forward 12M P/E of 41.1.

MORE FROM FORBESNike (NKE)

Premier Inc (PINC)

Premier Inc is our fourth Top Buy today. Premier Inc is a company dedicated to improving healthcare through technological advancements, databases, and efficiency improvement strategies. Our AI systems rated the company C in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.48% to $35.0 on volume of 429,158 vs its 10-day price average of $35.15 and its 22-day price average of $35.38, and is down 2.86% for the year. Revenue grew by 3.42% in the last fiscal year and grew by 13.46% over the last three fiscal years and was $1299.59M in the last fiscal year compared to $1184.66M three years ago. Operating Income was $392.94M in the last fiscal yea compared to $548.69M three years ago, and EPS was $2.03 in the last fiscal year compared to $1.37 three years ago. Forward 12M Revenue is expected to grow by 0.07% over the next 12 months, and the stock is trading with a Forward 12M P/E of 15.34.

MORE FROM FORBESPremier (PINC)

Ultra Clean Holdings Inc (UCTT)

Ultra Clean Holdings is our final Top Buy. Ultra Clean Holdings is in the semiconductor space, but focuses on developing and supplying critical technological equipment to gas delivery systems. Our AI systems rated the company C in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 3.75% to $30.05 on volume of 329,582 vs its 10-day price average of $32.12 and its 22-day price average of $33.16, and is up 30.03% for the year. Revenue grew by 23.37% in the last fiscal year and grew by 42.3% over the last three fiscal years, Operating Income grew by 136.79% in the last fiscal year and grew by 25.14% over the last three fiscal years, and EPS grew by -563.5% in the last fiscal year. Revenue was $1066.2M in the last fiscal year compared to $924.4M three years ago, Operating Income was $47.3M in the last fiscal year compared to $89.5M three years ago, EPS was $(0.24) in the last fiscal year compared to $2.19 three years ago, and ROE was (1.7%) in the last year compared to 29.08% three years ago. Forward 12M Revenue is expected to grow by 7.38% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.45.

MORE FROM FORBESUltra Clean Holdings (UCTT)

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