Top Stocks To Buy Today As Trading Flattens Despite Rising Retail Sales

Stock markets were trading flat as data showed that retail sales increased for the third consecutive month but were below expectations. Tech stocks were also under pressure which drove the Nasdaq Composite lower. In precious metals news, gold prices also saw some correction in the early trading hours as investors looked to other assets to hedge their portfolios. In Washington, it seems unlikely that the stimulus package would be agreed to in August at this point and could dampen the spirits of investors going forward if nothing is agreed to. Our deep learning algorithms have used Artificial Intelligence (“AI”) technology to identify several Top Buys today.

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Ametek Inc (AME)

The first company on our list of Top Buys is Ametek Inc AME , a company that manufactures and sells electronic instruments and electromechanical devices worldwide. It operates through two segments, Electronic Instruments (EIG) and Electromechanical (EMG). Our AI algorithms have identified impressive factor scores of A in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value for the stock that is up 0.16% this year. Revenue of the company grew by 11.52% in three years to $5158.56M in the last fiscal year compared to $4300.17M three years ago. Operating income in the last fiscal was $1143.98M, growing by 21.04% from $884.95M three years ago. EPS grew by 2.93% in the last fiscal year to $3.75, growing by 31.29% from $2.94 three years ago. ROE was 18.41% in the last year, almost the same when compared to 18.71% three years ago. Revenue is expected to grow by 2.95% over the next 12 months and the stock is trading with a Forward 12M P/E of 25.8.

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MORE FROM FORBESAmetek (AME)

Charles River Labs International Inc (CRL)

Charles River Labs International Inc is next on the list, an early-stage contract research company that provides drug discovery, non-clinical development, and safety testing services. It operates through three segments: Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Support (Manufacturing). Our deep learning algorithms have given factor scores of C in Technical, B in Growth, C in Momentum Volatility, and A in Quality Value. The stock is up 41.24% for the year. As for the financials, revenue grew by 4.86% in the last fiscal year to $2621.23M, growing by 47.97% over the last three fiscal years from $1857.6M. Operating Income grew by 7.0% to $367.1M in the last fiscal year and grew by 25.47% from $313.06M three years ago. EPS grew at 7.21% to $5.07 in the last fiscal year, compared to a growth of 114.24% from $2.54 three years ago. Finally, ROE was 16.91% in the last year, higher compared to 13.1% three years ago. Revenue growth is expected to steady in the next 12 months with a growth rate of 4.74% and the stock is trading at a forward 12M P/E of 27.8.

MORE FROM FORBESCharles River Labs (CRL)

Group 1 Automotive Inc (GPI)

Group 1 Automotive Inc operates in the automotive retail industry and is a Top Buy today. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. Our AI has assigned factor scores of A in Technical, C in Growth, C in Momentum Volatility, and B in Quality Value to the stock that has lost 6.6% for the year and is expected to do better. Revenue was $12043.8M in the last fiscal year, higher compared to $11123.7M three years ago. Operating Income grew by 3.38% in the last three years to $403.9M in the last fiscal year from $375.7M three years ago. EPS fell to $9.34 in the last fiscal year from $10.08 three years ago. ROE remained at a higher level of 14.8% in the last year, lower compared to 20.77% three years ago. Revenue in the next 12 months is projected to grow at a rate of 8.74% and the stock currently trades with a forward 12M P/E of 7.34, suggesting that the valuation is cheap.

MORE FROM FORBESGroup 1 Automotive (GPI)

Photronics Inc (PLAB)

Photronics Inc manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, China, and internationally. Our AI has given factor scores of C in Technical, B in Growth, B in Momentum Volatility, and B in Quality Value and the stock is down 24.26% for the year. As for the financials, revenue grew by 8.39% to $550.66M in the last fiscal year, growing by 32.44% over the last three fiscal years from $450.68M. Operating Income grew by 22.57% in the last fiscal year to $52.12M and by 100.46% from $31.87M three years ago. EPS surged higher by 10.71% in the last fiscal year to $0.44 and grew by 158.82% over the last three fiscal years from $0.19. ROE improved to 4.46% in the last year compared to 2.52% three years ago. Revenue is expected to grow by 2.81% over the next 12 months. The stock trades with a forward 12M P/E of 16.24.

MORE FROM FORBESPhotronics (PLAB)

Sportsman’s Warehouse Holdings Inc (SPWH)

Our final Top Buy today is Sportsman’s Warehouse Holdings Inc. The company operates as an outdoor sporting goods retailer in the United States. Our AI has given factor scores of C in Technical, B in Growth, B in Momentum Volatility, and B in Quality Value to the stock that is up 115.32% for the year. Looking at the financials, revenue posted a growth of 8.22% in the last fiscal year to $886.4M, growing by 18.47% over the last three fiscal years from $809.67M. Operating Income grew by 20.05% in the last fiscal year to $34.13M in the last fiscal year, lower when compared to $49.73M three years ago. EPS saw an improvement, growing by 21.17% in the last fiscal year to $0.46 and by 33.51% from $0.42 three years ago.  ROE was 21.4% in the last year and 44.47% three years ago. The stock is trading with a Forward 12M P/E of 22.12.

MORE FROM FORBESSportsmans Warehouse Hldgs (SPWH)

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