Top Stocks To Buy Today As Stimulus Hopes Send Markets To Mild Gains

Optimism on the progress of stimulus talks sent markets to more mild gains. After markets closed at record highs on Thursday (Dec. 17), stimulus hopes sent markets higher again. Despite increasingly grim COVID numbers threatening to destabilize the economic recovery (as indicated by the disappointing jobless claims), there is hope that Congress is inching closer towards a $900 billion stimulus package that would include a new round of direct payments to Americans. However, that package would exclude liability protections for businesses and state and local aid- two contentious areas of partisan divide. Senate Majority Leader Mitch McConnell noted it was “highly likely” Congress would work through the weekend on this. On this stimulus news, the Dow Jones rose about 20 points, while the S&P 500 was flat. The Nasdaq NDAQ also traded 0.2% higher. Potential market moving events today may include the FDA’s emergency use approval of Moderna’s COVID vaccine, and Tesla’s TSLA inclusion into the S&P 500 after market close in one fell swoop- the largest rebalancing of the S&P 500 in history. 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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General Motors Co (GM)

General Motors Co GM is our first Top Buy today. General Motors is one of the largest automakers in the world, and is best known for its four core automobile brands- Chevrolet, Buick, GMC, and Cadillac. Our AI systems rated General Motors B in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.47% to $42.03 on volume of 11,978,642 vs its 10-day price average of $42.85 and its 22-day price average of $43.54, and is up 12.44% for the year. EPS grew by -185.67% over the last three fiscal years. Revenue was $137237.0M in the last fiscal year compared to $145588.0M three years ago, Operating Income was $6444.0M in the last fiscal year compared to $10150.0M three years ago, EPS was $4.57 in the last fiscal year compared to $(2.6) three years ago, and ROE was 15.03% in the last year compared to 0.82% three years ago. Forward 12M Revenue is expected to grow by 12.34% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.39.

MORE FROM FORBESGeneral Motors (GM)

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Jeld-Wen Holding Inc (JELD)

Jeld-Wen Holding Inc is our second Top Buy for today. Jeld-Wen operates as a holding company that through its subsidiaries, designs, manufactures, and distributes interior and exterior doors, as well as wood, vinyl, and aluminum windows. Our AI systems rated Jeld-Wen Holding Inc C in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 4.16% to $24.01 on volume of 318,967 vs its 10-day price average of $23.78 and its 22-day price average of $24.07, and is up 1.91% for the year. Revenue grew by 10.34% over the last three fiscal years, Operating Income grew by 9.24% in the last fiscal year, and EPS grew by -2424.52% over the last three fiscal years. Revenue was $4289.76M in the last fiscal year compared to $3763.75M three years ago, Operating Income was $208.7M in the last fiscal year compared to $263.7M three years ago, EPS was $0.62 in the last fiscal year compared to $(0.02) three years ago, and ROE was 8.0% in the last year compared to 1.62% three years ago. Forward 12M Revenue is expected to grow by 4.85% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.38.

MORE FROM FORBESJeld-Wen Holding (JELD)

Mckesson Corp (MCK)

Our third Top Buy for the day is Mckesson Corp MCK . Mckesson Corp is a healthcare company that distributes pharmaceuticals and provides health information technology, medical supplies, and care management tools. Our AI systems rated the company C in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.32% to $172.91 on volume of 774,533 vs its 10-day price average of $176.11 and its 22-day price average of $176.43, and is up 26.0% for the year. Revenue grew by 1.36% in the last fiscal year and grew by 12.4% over the last three fiscal years, Operating Income grew by 2.75% in the last fiscal year and grew by 0.41% over the last three fiscal years, and EPS grew by 162.87% in the last fiscal year and grew by 3945.38% over the last three fiscal years. Revenue was $231051.0M in the last fiscal year compared to $208357.0M three years ago, Operating Income was $2841.0M in the last fiscal year compared to $2907.0M three years ago, EPS was $4.96 in the last fiscal year compared to $0.32 three years ago, and ROE was 13.74% in the last year compared to 2.42% three years ago. Forward 12M Revenue is expected to grow by 2.9% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.3.

MORE FROM FORBESMcKesson (MCK)

Ppg Industries Inc (PPG)

Global supplier of paints, coatings, and specialty materials Ppg Industries is our next Top Buy today. The Pittsburgh-based company operates in more than 70 countries around the world, and is the largest coatings company in the world in terms of revenue. Our AI systems rated Ppg C in Technicals, B in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed up 0.98% to $144.29 on volume of 850,716 vs its 10-day price average of $144.14 and its 22-day price average of $144.97, and is up 11.67% 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 8.43% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.41.

MORE FROM FORBESPPG (PPG)

Snap-On Inc (SNA)

Snap-On Inc SNA is our final Top Buy today. The company designs, manufactures, and markets high-end tools and equipment for use in the transportation industry. Our AI systems rated Snap-On Inc C in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.44% to $171.16 on volume of 746,821 vs its 10-day price average of $177.87 and its 22-day price average of $176.17, and is up 4.26% for the year. EPS grew by 12.34% over the last three fiscal years. Revenue was $4067.7M in the last fiscal year compared to $4000.3M three years ago, Operating Income was $960.8M in the last fiscal year compared to $881.2M three years ago, EPS was $12.41 in the last fiscal year compared to $9.52 three years ago, and ROE was 21.72% in the last year compared to 20.41% three years ago. Forward 12M Revenue is expected to grow by 4.52% over the next 12 months, and the stock is trading with a Forward 12M P/E of 15.21.

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