Top Stocks To Buy Today As Vaccine And Stimulus Hopes Send Markets Higher

The tug of war between good news and bad news continued again today. After disappointing jobless data combined with a worsening pandemic and stimulus doubts weighed on markets last week, markets sharply rose to begin the week. Investors were optimistic as Pfizer’s PFE COVID-19 vaccine rollout began in the U.S. while lawmakers appeared to inch closer towards agreeing on some sort of stimulus. The Dow Jones rose 220 points, or 0.7%, the S&P 500 gained 0.6%, and the Nasdaq NDAQ advanced 0.7%. The small-cap Russell 2000, meanwhile continued to outperform, and surged 1.6% to hit another all-time high. Boeing BA led the Dow, rising 2.1%, while consumer discretionary and utilities were the best performing sectors in the S&P 500, advancing 1.1% and 1%, respectively. 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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Arcosa Inc (ACA)

Arcosa Inc is our first Top Buy today. Arcosa is a leading provider of infrastructure-related products and solutions serving construction, energy and transportation markets in North America. Our AI systems rated the company C in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.64% to $54.39 on volume of 89,757 vs its 10-day price average of $53.86 and its 22-day price average of $53.7, and is up 19.28% for the year. Revenue grew by 10.75% in the last fiscal year and grew by 31.54% over the last three fiscal years, Operating Income grew by 11.77% in the last fiscal year and grew by 29.76% over the last three fiscal years, and EPS grew by 3.47% in the last fiscal year and grew by 30.6% over the last three fiscal years. Revenue was $1736.9M in the last fiscal year compared to $1462.4M three years ago, Operating Income was $152.9M in the last fiscal year compared to $131.7M three years ago, EPS was $2.32 in the last fiscal year compared to $1.84 three years ago, and ROE was 6.52% in the last year compared to 6.52% three years ago. Forward 12M Revenue is expected to grow by 0.54% over the next 12 months, and the stock is trading with a Forward 12M P/E of 22.85.

MORE FROM FORBESArcosa (ACA)

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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. With holiday shopping in full swing, and the release of its new Air Force One sneaker, revenue could potentially boom this month. 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 0.12% to $137.41 on volume of 4,149,373 vs its 10-day price average of $137.04 and its 22-day price average of $133.97, and is up 35.73% for the year. Revenue grew by 2.58% over the last three fiscal years, while Operating Income grew by 11.65% in the last fiscal year, and EPS grew by 5.56% in the last fiscal year and grew by 44.35% 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 3.42% over the next 12 months, and the stock is trading with a Forward 12M P/E of 44.98.

MORE FROM FORBESNike (NKE)

PayPal Holdings Inc (PYPL)

PayPal PYPL is our third Top Buy today. PayPal has revolutionized finance and continues to be a FinTech innovator as a worldwide online payments system. PayPal has built itself into a platform that supports online money transfers from anywhere in the world, and also operates as a payment processor for online vendors, auction sites, and many other commercial users. Additionally, PayPal has been at the forefront of the boom in cryptocurrencies as one of the first publicly traded companies to embrace them. Our AI systems rated PayPal B in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.59% to $214.06 on volume of 4,283,354 vs its 10-day price average of $215.06 and its 22-day price average of $205.06, and is up 93.28% for the year. Revenue grew by 14.22% in the last fiscal year and grew by 55.03% over the last three fiscal years, Operating Income grew by 15.16% in the last fiscal year and grew by 46.24% over the last three fiscal years, and EPS grew by 28.0% in the last fiscal year and grew by 80.25% over the last three fiscal years. Revenue was $17772.0M in the last fiscal year compared to $13094.0M three years ago, Operating Income was $2790.0M in the last fiscal year compared to $2197.0M three years ago, EPS was $2.07 in the last fiscal year compared to $1.47 three years ago, and ROE was 15.22% in the last year compared to 11.69% three years ago. Forward 12M Revenue is expected to grow by 13.7% over the next 12 months, and the stock is trading with a Forward 12M P/E of 50.05.

MORE FROM FORBESPayPal (PYPL)

Southern Co (SO)

Southern Co SCCO is our fourth Top Buy. Southern Co is a gas and electric utility company based in the southern United States, and is currently the second largest utility company in the U.S. in terms of customer base. Our AI systems rated the company B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.13% to $60.42 on volume of 2,139,814 vs its 10-day price average of $61.01 and its 22-day price average of $61.58, and is down 2.64% for the year. Operating Income grew by 103.88% over the last three fiscal years, while EPS grew by 255.76% over the last three fiscal years. Revenue was $21419.0M in the last fiscal year compared to $23031.0M three years ago, Operating Income was $5602.0M in the last fiscal year compared to $2528.0M three years ago, EPS was $4.5 in the last fiscal year compared to $0.84 three years ago, and ROE was 15.41% in the last year compared to 3.37% three years ago. Forward 12M Revenue is expected to grow by 4.43% over the next 12 months, and the stock is trading with a Forward 12M P/E of 18.2.

MORE FROM FORBESSouthern Company (SO)

Walmart Inc (WMT)

Walmart WMT is our final Top Buy today, and is a Top Buy for the second consecutive day. After reporting Q3 earnings last month, it is fairly apparent that Walmart has successfully adapted and evolved throughout this pandemic and is primed to continue its strong run. Walmart’s U.S. e-commerce sales soared by 79% in the third quarter- a very impressive number for a supposed brick and mortar retailer that could continue soaring during this holiday season. Walmart is the largest company in the world in terms of revenue, and is the largest private employer in the world. As of 2019, Walmart was also the largest grocery retailer in the US. Our AI systems rated Walmart B in Technicals, C in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.03% to $147.0 on volume of 5,612,785 vs its 10-day price average of $148.96 and its 22-day price average of $149.49, and is up 25.67% for the year. Revenue grew by 4.73% in the last fiscal year and grew by 9.67% over the last three fiscal years, Operating Income grew by 8.45% in the last fiscal year and grew by 11.21% over the last three fiscal years, and EPS grew by 33.53% in the last fiscal year and grew by 111.29% over the last three fiscal years. Revenue was $523964.0M in the last fiscal year compared to $500343.0M three years ago, Operating Income was $21468.0M in the last fiscal year compared to $20937.0M three years ago, EPS was $5.19 in the last fiscal year compared to $3.28 three years ago, and ROE was 18.86% in the last year compared to 13.04% three years ago. Forward 12M Revenue is expected to grow by 0.44% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.95.

MORE FROM FORBESWalmart (WMT)

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