Top Stocks To Buy Today Despite Jobs And Vaccine Concerns

Stocks rose slightly on Friday despite a disappointing jobs report for November and vaccine distribution concerns. The Dow Jones rose by 113 points, or 0.4%, the S&P 500 gained 0.4%, and the Nasdaq NDAQ advanced 0.2%. The major indices were on pace for their fourth weekly gain in a row. The November jobs report revealed that the U.S. added 245,000 jobs- well below a Dow Jones consensus estimate of 440,000. The unemployment rate, however, matched expectations by falling to 6.7% from 6.9%. The jobs report coincided with record COVID numbers in new infections, single-day deaths, and hospitalizations. A report that Pfizer PFE may have issues rolling its vaccine out was also concerning. Pfizer saw some supply chain issues due to raw materials that did not meet its standards. However, because Pfizer and BioNtech are still on track to roll out 1.3 billion vaccines in 2021, more than making up for the estimated 50 million dose shortfall this year, investors were not overly concerned. 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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Ametek Inc (AME)

Our first Top Buy today is Ametek Inc. Ametek is a manufacturer of electronic instruments and electromechanical devices and operates over 220 manufacturing sites worldwide. Our AI systems rated Ametek C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.51% to $114.43 on volume of 866,788 vs its 10-day price average of $117.94 and its 22-day price average of $115.8, and is up 14.26% for the year. Revenue grew by 8.04% over the last three fiscal years, Operating Income grew by 18.06% over the last three fiscal years, and EPS grew by 0.8% in the last fiscal year and grew by 28.57% over the last three fiscal years. Revenue was $5158.56M in the last fiscal year compared to $4300.17M three years ago, Operating Income was $1143.98M in the last fiscal year, and compared to $884.95M three years ago, EPS was $3.75 in the last fiscal year compared to $2.94 three years ago, and ROE was 18.41% in the last year compared to 18.71% three years ago. Forward 12M Revenue is expected to grow by 5.33% over the next 12 months, and the stock is trading with a Forward 12M P/E of 27.55.

MORE FROM FORBESAmetek (AME)

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Autozone Inc (AZO)

Autozone is our next Top Buy for today. Autozone is the largest aftermarket automotive parts and accessories retailer in the United States, and also has stores in Mexico, Puerto Rico and Brazil. Our AI systems rated Autozone D in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.16% to $1154.01 on volume of 181,331 vs its 10-day price average of $1135.47 and its 22-day price average of $1145.57, and is down 3.0% for the year. Revenue was $12631.97M in the last fiscal year compared to $11221.08M three years ago, Operating Income was $2501.58M in the last fiscal year compared to $2134.32M three years ago, EPS was $71.93 in the last fiscal year compared to $48.77 three years ago. The stock is also trading with a Forward 12M P/E of 15.32.

MORE FROM FORBESAutoZone (AZO)

Cintas Corp (CTAS)

Our third Top Buy today is Cintas Corp CTAS . Cintas provides specialized services to businesses, and designs, manufactures and implements corporate identity uniform programs and provides entrance mats, restroom cleaning and supplies, tile and carpet cleaning, promotional products, first aid, safety, and fire protection products and services. Our AI systems rated Cintas B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.34% to $359.69 on volume of 290,518 vs its 10-day price average of $360.65 and its 22-day price average of $355.95, and is up 33.11% for the year. Revenue grew by 8.4% over the last three fiscal years, Operating Income grew by 3.72% in the last fiscal year and grew by 22.56% over the last three fiscal years, and EPS grew by 5.68% in the last fiscal year and grew by 13.27% over the last three fiscal years. Revenue was $7085.12M in the last fiscal year compared to $6476.63M three years ago, Operating Income was $1171.92M in the last fiscal year compared to $991.73M three years ago, EPS was $8.11 in the last fiscal year compared to $7.56 three years ago, and ROE was 28.1% in the last year compared to 29.47% three years ago. Forward 12M Revenue is expected to grow by 1.63% over the next 12 months, and the stock is trading with a Forward 12M P/E of 40.57.

MORE FROM FORBESCintas (CTAS)

Corning Inc (GLW)

Corning Inc is our next Top Buy today. Corning Inc is a tech company specializing in specialty glass, ceramics, and related materials. Our AI systems rated Corning C in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 1.8% to $37.12 on volume of 3,821,435 vs its 10-day price average of $37.09 and its 22-day price average of $36.15, and is up 26.95% for the year. Revenue grew by 6.47% over the last three fiscal years, while EPS grew by -138.35% over the last three fiscal years. Revenue was $11503.0M in the last fiscal year compared to $10116.0M three years ago, Operating Income was $1306.0M in the last fiscal year compared to $1608.0M three years ago, EPS was $1.07 in the last fiscal year compared to $(0.66) three years ago, and ROE was 7.14% in the last year compared to (2.95%) three years ago. Forward 12M Revenue is expected to grow by 9.67% over the next 12 months, and the stock is trading with a Forward 12M P/E of 20.69.

MORE FROM FORBESCorning (GLW)

Vistra Corp (VST)

Vistra Corp is our final Top Buy today. Vista is a Texas-based retail electricity and power generation company. Our AI systems rated Vistra C in Technicals, A in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.53% to $18.77 on volume of 2,422,444 vs its 10-day price average of $18.88 and its 22-day price average of $18.98, and is down 16.43% for the year. Revenue grew by 116.92% over the last three fiscal years, Operating Income grew by 7.07% in the last fiscal year and grew by 436.14% over the last three fiscal years, and EPS grew by -401.68% over the last three fiscal years. Revenue was $11809.0M in the last fiscal year compared to $5430.0M three years ago, Operating Income was $2023.0M in the last fiscal year compared to $404.0M three years ago, EPS was $1.86 in the last fiscal year compared to $(0.59) three years ago, and ROE was 11.7% in the last year compared to (3.93%) three years ago. Forward 12M Revenue is expected to grow by 12.12% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.73.

MORE FROM FORBESVistra Energy (VST)

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