Top Stocks To Buy Today As Markets Turn Negative After Stimulus Hopes Diminish

Although stimulus talks seem endless, and shares of American Express AXP and Intel INTC released disappointing earnings, stocks were mildly higher this morning continuing yesterday’s rally. Stocks yesterday rose amidst jobless claims that performed better than expectations, and strong earnings from Coca Cola KO , Tesla TSLA , AT&T T , and CSX. Today, more good news and positive earnings were set to move the markets. The Dow rose 50 points or .18%, while the S&P rose .30%, and the Nasdaq NDAQ gained .10%. While there is increasing pessimism about a stimulus passing, the market today had several tailwinds that investors cheered. The FDA finally approved Gilead Sciences GILD ’ antiviral remdesivir treatment, which sent shares skyrocketing north of 6%. The 10-year Treasury yield also rose for a 7th straight day to four-month high. Mattel MAT and Capital One COF also moved markets forward as both beat expectations on the top and bottom lines for the third quarter. 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.

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.

American Woodmark Corp (AMWD)

Kitchen and bath cabinet manufacturer American Woodmark AMWD is our first Top Buy of the day. Our AI systems rated the company C in Technicals, C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.52% to $87.0 on volume of 110,007 vs its 10-day price average of $90.81 and its 22-day price average of $85.91, and is down 16.87% for the year. Revenue grew by 29.02% over the last three fiscal years, while EPS grew by 0.84% over the last three fiscal years. Revenue was $1650.33M in the last fiscal year compared to $1250.27M three years ago, Operating Income was $132.24M in the last fiscal year compared to $126.94M three years ago, EPS was $4.42 in the last fiscal year compared to $3.77 three years ago, and ROE was 11.33% in the last year compared to 13.52% three years ago. Forward 12M Revenue is expected to grow by 1.47% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.06.

Recommended For You

Home Depot Inc (HD)

Home Depot is our next Top Buy of the day. As the largest home improvement retailer in the U.S., Home Depot HD has been in strong demand due to more and more people staying at home due to the pandemic. Our AI systems rated Home Depot B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.18% to $281.16 on volume of 2,787,332 vs its 10-day price average of $286.09 and its 22-day price average of $280.3, and is up 28.0% for the year. Revenue grew by 8.25% in the last fiscal year and grew by 18.25% over the last three fiscal years, Operating Income grew by 5.37% in the last fiscal year and grew by 13.7% over the last three fiscal years, and EPS grew by 6.52% in the last fiscal year and grew by 49.77% over the last three fiscal years. Revenue was $110225.0M in the last fiscal year compared to $100904.0M three years ago, Operating Income was $15843.0M in the last fiscal year compared to $14681.0M three years ago, EPS was $10.25 in the last fiscal year compared to $7.29 three years ago, and ROE was 298.25% three years ago. The stock is also trading with a Forward 12M P/E of 24.16.

Lennar Corp (LEN)

Fortune 500 homebuilding and real estate company Lennar LEN  is our next Top Buy of the day. After acquiring CalAtlantic Homes in 2017, the company was the largest home construction company in the US, and as of today, is 154th on the Fortune 500. Our AI systems rated Lennar B in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.43% to $76.54 on volume of 4,499,466 vs its 10-day price average of $82.62 and its 22-day price average of $81.45, and is up 37.14% for the year. Revenue grew by 1.68% in the last fiscal year and grew by 78.98% over the last three fiscal years, Operating Income grew by 16.86% in the last fiscal year and grew by 115.17% over the last three fiscal years, and EPS grew by 24.74% in the last fiscal year and grew by 111.94% over the last three fiscal years. Revenue was $22259.56M in the last fiscal year compared to $12646.36M three years ago, Operating Income was $2487.39M in the last fiscal year compared to $1350.87M three years ago, EPS was $5.74 in the last fiscal year compared to $3.38 three years ago, and ROE was 11.99% in the last year compared to 10.16% three years ago. Forward 12M Revenue is expected to grow by 7.1% over the next 12 months, and the stock is trading with a Forward 12M P/E of 9.88.

Sonoco Products Co (SON)

Packaging giant Sonoco Products SON is our fourth Top Buy of the day. The South Carolina based conglomerate is the world’s largest producer of composite cans, tubes, and cores. 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 3.73% to $53.5 on volume of 738,506 vs its 10-day price average of $54.49 and its 22-day price average of $52.71, and is down 12.12% for the year. Revenue grew by 2.65% over the last three fiscal years, Operating Income grew by 17.19% over the last three fiscal years, and EPS grew by 50.0% over the last three fiscal years. Revenue was $5374.21M in the last fiscal year compared to $5036.65M three years ago, Operating Income was $511.09M in the last fiscal year compared to $419.51M three years ago, EPS was $2.88 in the last fiscal year compared to $1.74 three years ago, and ROE was 16.31% in the last year compared to 10.8% three years ago. The stock is also trading with a Forward 12M P/E of 15.84.

Stewart Information Services (STC)

Cloud-based real estate information, title insurance, and transaction management company Stewart Information Services is our final Top Buy of the day. Our AI systems rated the company D in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 7.95% to $42.14 on volume of 473,439 vs its 10-day price average of $45.6 and its 22-day price average of $45.06, and is up 3.39% for the year. Revenue grew by 6.27% in the last fiscal year and grew by 5.41% over the last three fiscal years, Operating Income grew by 14.06% in the last fiscal year and grew by 89.87% over the last three fiscal years, and EPS grew by 19.34% in the last fiscal year and grew by 91.75% over the last three fiscal years. Revenue was $1940.01M in the last fiscal year compared to $1955.72M three years ago, Operating Income was $143.35M in the last fiscal year compared to $86.11M three years ago, EPS was $3.31 in the last fiscal year compared to $2.06 three years ago, and ROE was 12.59% in the last year compared to 9.06% three years ago. Forward 12M Revenue is expected to grow by 6.04% over the next 12 months, and the stock is trading with a Forward 12M P/E of 8.93.

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.