Top Stocks To Buy Today As Tech Slide Continues

Has the bubble popped? For the second consecutive day, tech shares got clobbered. We’re seeing a rotation into COVID-losing stocks and cyclicals and out of high-flying growth stocks, similar to the likes of what we saw in November. With Treasury yields continuing to rise higher, investors are fearful of a sooner than expected interest rate hike from the Fed, compounded with inflation fears. If this trend keeps up, tech shares could continue declining for the foreseeable future. Amidst these fears, the Dow Jones dropped 300 points or 1%, the S&P 500 fell 1.6%, and the Nasdaq NDAQ plummeted by 3%. The Nasdaq, for the first time in a while, traded below its 50-day moving average. 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 Top Buys. 

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Black Knight Inc (BKI)

Black Knight Inc is our first Top Buy for the second day in a row. The company provides very valuable technology, services, data, and analytics to the mortgage and real estate industries. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.27% to $78.24 on volume of 823,024 vs its 10-day price average of $83.96 and its 22-day price average of $83.65, and is down 11.44% for the year. Revenue was $1238.5M in the last fiscal year compared to $1114.0M three years ago, Operating Income was $298.2M in the last fiscal year compared to $276.7M three years ago, EPS was $1.73 in the last fiscal year compared to $1.14 three years ago, and ROE was 9.63% in the last year compared to 9.64% three years ago. The stock is also trading with a Forward 12M P/E of 35.69.

MORE FROM FORBESBlack Knight-removed (BKI)

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Formfactor Inc (FORM)

Formfactor Inc is our second Top Buy. Formfactor is an important player in the semiconductor and tech space as a leading provider of essential test and measurement technologies. Our AI systems rated the company A in Technicals, A in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 3.48% to $47.45 on volume of 242,312 vs its 10-day price average of $48.09 and its 22-day price average of $46.38, and is up 11.12% for the year. Revenue was $693.62M in the last fiscal year compared to $529.67M three years ago, Operating Income was $83.79M in the last fiscal year compared to $36.11M three years ago, EPS was $0.99 in the last fiscal year compared to $1.38 three years ago, and ROE was 11.34% in the last year compared to 20.03% three years ago. The stock is also trading with a Forward 12M P/E of 30.43.

MORE FROM FORBESFormFactor (FORM)

Acushnet Holdings Corp (GOLF)

Acushnet Holdings Corp is our next Top Buy today. Acushnet Holdings is a holding company that through its subsidiaries designs, develops, manufactures, and distributes golf products. Our AI systems rated the company D in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.23% to $44.19 on volume of 180,840 vs its 10-day price average of $45.7 and its 22-day price average of $43.93, and is up 8.2% for the year. Revenue was $1681.36M in the last fiscal year compared to $1560.26M three years ago, Operating Income was $184.84M in the last fiscal year compared to $166.31M three years ago, EPS was $1.6 in the last fiscal year compared to $1.32 three years ago, and ROE was 13.26% in the last year compared to 12.72% three years ago. Forward 12M Revenue is expected to grow by 9.51% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.54.

MORE FROM FORBESAcushnet Holdings (GOLF)

Ttec Holdings Inc (TTEC)

Ttec Holdings Inc TTEC  is our next Top Buy today. TTEC is a customer experience technology and services company that operates in 22 countries with over 50,000 employees. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, A in Quality Value. The stock closed down 2.0% to $82.43 on volume of 155,733 vs its 10-day price average of $86.82 and its 22-day price average of $82.97, and is up 14.47% for the year. Revenue grew by 11.92% in the last fiscal year and grew by 24.52% over the last three fiscal years, Operating Income grew by 47.14% in the last fiscal year and grew by 59.03% over the last three fiscal years, and EPS grew by 32.06% in the last fiscal year and grew by 1276.2% over the last three fiscal years. Revenue was $1643.7M in the last fiscal year compared to $1477.36M three years ago, Operating Income was $130.21M in the last fiscal year compared to $120.48M three years ago, EPS was $1.65 in the last fiscal year compared to $0.16 three years ago, and ROE was 20.33% in the last year compared to 2.98% three years ago. Forward 12M Revenue is expected to grow by 2.87% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.45.

MORE FROM FORBESTTEC

Teradyne Inc (TER)

Teradyne Inc is today’s final Top Buy. Teradyne is a developer and supplier of automatic test equipment, and works with major tech clientele such as Samsung, Qualcomm QCOM , Intel, Analog Devices ADI , Texas Instruments TXN and IBM IBM . Our AI systems rated Teradyne C in Technicals, A in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 7.15% to $132.39 on volume of 1,928,048 vs its 10-day price average of $135.73 and its 22-day price average of $131.25, and is up 11.16% for the year. Revenue was $3121.47 in the last fiscal year compared to $2100.8M three years ago, Operating Income was $904.05 in the last fiscal year compared to $490.79M three years ago, EPS was $4.28 in the last fiscal year compared to $2.35 three years ago, and ROE was 42.53% in the last year compared to 25.99% three years ago. The stock is also trading with a Forward 12M P/E of 27.38.

MORE FROM FORBESTeradyne (TER)

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