Top Trending Stocks This Week As Markets Set On Post-Election Hot Streak

Last week stocks experienced a scorching hot election week rally. Stocks witnessed their best weekly gains since April, and their best election week performance since 1932. The S&P 500 and Nasdaq jumped 7.3% and 9%, respectively, last week, while the Dow rose 6.9%. The gains continued today as Joe Biden was officially named President-elect over the weekend, and Pfizer and BioNTech revealed that their Covid-19 vaccine is more than 90% effective. Market sentiment has certainly shifted to euphoria, but investors still need to be mindful of the headwinds that remain. We are not out of the woods yet with COVID. Daily records of new cases are still being recorded, while new shutdowns are happening across the globe. Additionally, there is still no stimulus package yet. While investors can largely breathe a sigh of relief that the election has a clear winner, nobody knows what the current President still has up his sleeves to potentially contest the results. However, everything right now looks very encouraging, and sentiment is certainly positive. Among all the news and data spurring on the markets, the deep learning algorithms at Q.ai have used Artificial Intelligence (“AI”) technology to rate the Top Trending Stocks for this week.

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Attractive

Three of our trending stocks were identified as Attractive this week.

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Netflix (NFLX)

Netflix, for the third consecutive week, is our first Attractive rated stock for the week. The streaming media giant, while significantly down today along with other “stay-at-home” stocks, has been a major winner in 2020. Our AI systems have rated Netflix D in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 0.19% to $514.73 on volume of 4,236,349 vs its 10-day price average of $494.01 and its 22-day price average of $510.82, and is up 56.07% for the year. Revenue grew by 18.17% in the last fiscal year and grew by 103.71% over the last three fiscal years, Operating Income grew by 57.03% in the last fiscal year and grew by 387.62% over the last three fiscal years, and EPS grew by 49.92% in the last fiscal year and grew by 395.33% over the last three fiscal years. Revenue was $20156.45M in the last fiscal year compared to $11692.71M three years ago, Operating Income was $2604.25M in the last fiscal year compared to $838.68M three years ago, EPS was $4.13 in the last fiscal year compared to $1.25 three years ago, and ROE was 29.12% in the last year compared to 17.85% three years ago. Forward 12M Revenue is expected to grow by 13.91% over the next 12 months, and the stock is trading with a Forward 12M P/E of 59.41.

MORE FROM FORBESNetflix (NFLX)

Microsoft Corp (MSFT)

Microsoft is our second Attractive stock of the week, and is on our list for the second consecutive week. Long a staple in the tech industry, the company is one the largest providers of computer software, consumer electronics, personal computers, and related services in the world. The tech giant continues to innovate, grow, and adapt to any conditions as well. Our AI systems rated Microsoft D in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.19% to $223.72 on volume of 25,231,895 vs its 10-day price average of $210.54 and its 22-day price average of $214.14, and is up 40.39% for the year. Revenue grew by 2.87% in the last fiscal year and grew by 33.3% over the last three fiscal years, Operating Income grew by 6.02% in the last fiscal year and grew by 60.16% over the last three fiscal years, and EPS grew by 7.62% in the last fiscal year and grew by 191.03% over the last three fiscal years. Revenue was $143015.0M in the last fiscal year compared to $110360.0M three years ago, Operating Income was $52959.0M in the last fiscal year compared to $35058.0M three years ago, EPS was $5.76 in the last fiscal year compared to $2.13 three years ago, and ROE was 40.14% in the last year compared to 19.45% three years ago. Forward 12M Revenue is expected to grow by 2.55% over the next 12 months, and the stock is trading with a Forward 12M P/E of 33.19.

MORE FROM FORBESMicrosoft (MSFT)

Dish Network Corp (DISH)

Dish Network Corp is our final Attractive stock for the week. Dish Network is a longtime satellite television provider, and also owns live TV streaming service Sling TV. Our AI systems rated Dish Network C in Technicals, B in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.17% to $27.71 on volume of 5,561,999 vs its 10-day price average of $26.17 and its 22-day price average of $26.88, and is down 22.47% for the year. Revenue grew by 10.69% in the last fiscal year, while Operating Income grew by 31.59% in the last fiscal year and grew by 23.04% over the last three fiscal years. Revenue was $12807.68M in the last fiscal year compared to $14391.38M three years ago, Operating Income was $1878.88M in the last fiscal year compared to $2009.38M three years ago, EPS was $2.6 in the last fiscal year compared to $4.07 three years ago, and ROE was 14.1% in the last year compared to 35.35% three years ago. Forward 12M Revenue is expected to grow by 12.95% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.36.

MORE FROM FORBESDISH Network (DISH)

Neutral Rated

Our systems have identified five Neutral rated trending stocks this week. 

Nvidia Corp (NVDA)

Nvidia is our first Neutral rated stock of the week. Nvidia has been one of the hottest and most beloved Tech names over the last several years, and 2020 has been no exception. Its GPU drivers are largely seen as the industry standard, and its products and services have never been in more demand as they are today. Our AI systems rated Nvidia D in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.84% to $582.48 on volume of 9,583,732 vs its 10-day price average of $531.36 and its 22-day price average of $542.57, and is up 143.13% for the year. Revenue grew by 19.66% in the last fiscal year and grew by 34.5% over the last three fiscal years, Operating Income grew by 31.1% in the last fiscal year and grew by 16.23% over the last three fiscal years, and EPS grew by 20.44% in the last fiscal year and grew by 12.94% over the last three fiscal years. Revenue was $10918.0M in the last fiscal year compared to $9714.0M three years ago, Operating Income was $2846.0M in the last fiscal year compared to $3210.0M three years ago, EPS was $4.52 in the last fiscal year compared to $4.82 three years ago, and ROE was 25.95% in the last year compared to 46.05% three years ago. Forward 12M Revenue is expected to grow by 11.12% over the next 12 months, and the stock is trading with a Forward 12M P/E of 58.09.

MORE FROM FORBESNVIDIA (NVDA)

Intl Business Machines Corp (IBM)

Intl Business Machines Corp, more commonly known as IBM, is our next Neutral stock for the week. IBM is a longtime technology and consulting company, and has continued to evolve and pivot its operations with the changing times. Our AI systems rated IBM D in Technicals, C in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.64% to $114.04 on volume of 5,242,078 vs its 10-day price average of $111.78 and its 22-day price average of $117.99, and is down 12.63% for the year. EPS grew by 43.8% over the last three fiscal years. Revenue was $77147.0M in the last fiscal year compared to $79139.0M three years ago, Operating Income was $10785.0M in the last fiscal year compared to $11682.0M three years ago, EPS was $10.57 in the last fiscal year compared to $6.14 three years ago, and ROE was 49.77% in the last year compared to 31.89% three years ago. Forward 12M Revenue is expected to grow by 1.2% over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.86.

MORE FROM FORBESIBM (IBM)

Morgan Stanley (MS)

Morgan Stanley is our fourth Neutral stock for the week. One of the largest investment banks in the world, Morgan Stanley continues to benefit from the influx of new traders. Morgan Stanley is looking to further its imprint with retail investors as well after recently acquiring E-Trade. With offices in more than 42 countries, Morgan Stanley, as of 2018, ranked No. 67 in the Fortune 500 list of the largest U.S. companies by total revenue. Our AI systems rated Morgan Stanley D in Technicals, B in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.96% to $51.7 on volume of 6,452,958 vs its 10-day price average of $49.76 and its 22-day price average of $50.11, and is up 2.32% for the year. Revenue grew by 9.65% in the last fiscal year and grew by 19.69% over the last three fiscal years, Operating Income grew by 14.16% in the last fiscal year and grew by 23.57% over the last three fiscal years, and EPS grew by 13.99% in the last fiscal year and grew by 92.73% over the last three fiscal years. Revenue was $41419.0M in the last fiscal year compared to $37945.0M three years ago, Operating Income was $13842.0M in the last fiscal year compared to $12788.0M three years ago, EPS was $5.19 in the last fiscal year compared to $3.07 three years ago, and ROE was 11.26% in the last year compared to 8.01% three years ago. The stock is also trading with a Forward 12M P/E of 10.36.

MORE FROM FORBESMorgan Stanley (MS)

Wells Fargo & Co (WFC)

Wells Fargo is our fourth Neutral stock of the week. In terms of market cap, the banking giant is the fourth-largest bank in the world. It is also the fourth largest bank in the U.S. by total assets, and as of 2018, is ranked number 26 on the Fortune 500. Our AI systems rated Wells Fargo B in Technicals, F in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 1.88% to $21.91 on volume of 29,471,242 vs its 10-day price average of $21.76 and its 22-day price average of $22.77, and is down 57.61% for the year. Revenue was $82458.0M in the last fiscal year compared to $85989.0M three years ago, Operating Income was $25097.0M in the last fiscal year compared to $29816.0M three years ago, EPS was $4.05 in the last fiscal year compared to $4.1 three years ago, and ROE was 10.41% in the last year compared to 10.99% three years ago. The stock is also trading with a Forward 12M P/E of 11.4.

MORE FROM FORBESWells Fargo (WFC)

Qualcomm Inc (QCOM)

Semiconductor giant Qualcomm is our final Neutral stock for the week. After crushing its earnings report last week, Qualcomm is continuing the strong run that it has been on as of late. Our AI systems rated Qualcomm C in Technicals, C in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.28% to $145.01 on volume of 7,278,458 vs its 10-day price average of $129.23 and its 22-day price average of $128.35, and is up 66.89% for the year. Revenue was $23531.0M in the last fiscal year compared to $22611.0M three years ago, Operating Income was $6227.0M in the last fiscal year compared to $3774.0M three years ago, EPS was $4.52 in the last fiscal year compared to $(3.39) three years ago, and ROE was 94.63% in the last year compared to (31.46%) three years ago. The stock is also trading with a Forward 12M P/E of 20.63.

MORE FROM FORBESQualcomm (QCOM)

Unattractive

One of our Top Trending Stocks was identified as Unattractive this week. 

General Electric Co (GE)

Diversified industrials and consumer goods conglomerate General Electric is our one and only Unattractive stock for the week. Although General Electric had a rough start to 2020, and a rough few years for that matter, the stock has performed well as of late. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.25% to $8.09 on volume of 83,678,087 vs its 10-day price average of $7.6 and its 22-day price average of $7.33, and is down 31.9% for the year. Operating Income grew by -121.93% over the last three fiscal years, while EPS grew by -156.51% in the last fiscal year and grew by -134.02% over the last three fiscal years. Revenue was $95214.0M in the last fiscal year compared to $99279.0M three years ago, Operating Income was $6440.0M in the last fiscal year compared to $(5344.0)M three years ago, EPS was $(0.62) in the last fiscal year compared to $(1.04) three years ago, and ROE was 1.04% in the last year compared to (10.85%) three years ago. Forward 12M Revenue is expected to grow by 0.26% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.89.

MORE FROM FORBESGeneral Electric (GE)

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