Markets are set to sink yet again today for the fifth time in six days. If the pace holds up today, this will also be the second consecutive monthly loss for the markets. While volatility is normal pre-election, investors are continuing to grapple with COVID surging to record numbers and resulting in new shutdowns and lockdown measures. Additionally, with zero sign of another stimulus package, fear is certainly rampant about a double dip recession. The Dow dropped 100 points or .38%, while the S&P dropped .41% and the Nasdaq NDAQ -0.8% declined .75%.
Although yesterday’s news revealed strong economic data regarding US GDP growth and jobless claims, investors largely ignored that today. Apple AAPL -5.6% sharply declined after reporting a 16% decline in iPhone sales and failing to provide guidance for the upcoming quarter. Despite a big beat on revenue, Amazon AMZN -5.4% also declined. Twitter led the declines falling over 15% after reporting user growth that fell short of expectations. For investors looking to make sense of the markets, 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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Broadridge Financial Solutions (BR)
Corporate services company Broadridge Financial Solutions BR -0.4% is our first Top Buy of the day. The company, which was founded in 2007, is a spin-off from Automatic Data Processing ADP -0.1%. Our AI systems rated Broadridge C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.95% to $138.12 on volume of 560,940 vs its 10-day price average of $141.94 and its 22-day price average of $139.91, and is up 13.2% for the year.
Revenue grew by 1.52% in the last fiscal year and grew by 6.19% over the last three fiscal years, Operating Income grew by 0.88% in the last fiscal year and grew by 5.42% over the last three fiscal years, and EPS grew by 2.0% in the last fiscal year and grew by 13.17% over the last three fiscal years. Revenue was $4529.0M in the last fiscal year compared to $4329.9M three years ago, Operating Income was $624.9M in the last fiscal year compared to $598.0M three years ago, EPS was $3.95 in the last fiscal year compared to $3.56 three years ago, and ROE was 37.39% in the last year compared to 40.79% three years ago. Recommended For You
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Amdocs (DOX)
Amdocs DOX +1.7% is our next Top Buy of the day. A leading software and services provider for communications and media companies, Amdocs is also the largest vendor by revenue in the monetization platforms segment by a wide margin. Our AI systems rated Amdocs C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value.
The stock closed up 0.84% to $55.42 on volume of 732,226 vs its 10-day price average of $56.85 and its 22-day price average of $57.62, and is down 22.2% for the year. Revenue grew by 1.46% in the last fiscal year and grew by 7.22% over the last three fiscal years, Operating Income grew by 3.9% in the last fiscal year and grew by 14.43% over the last three fiscal years, and EPS grew by 3.5% in the last fiscal year and grew by 21.33% over the last three fiscal years.
Revenue was $4086.67M in the last fiscal year compared to $3867.16M three years ago, Operating Income was $569.75M in the last fiscal year compared to $517.33M three years ago, EPS was $3.47 in the last fiscal year compared to $2.96 three years ago, and ROE was 13.63% in the last year compared to 12.43% three years ago. Forward 12M Revenue is expected to grow by 1.82% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.82.MORE FROM FORBESAmdocs (DOX)
Fastenal Co (FAST)
Industrial supplies company Fastenal FAST +0.3% is our third Top Buy of the day. Fastenal is the largest fastener distributor in North America. Our AI systems rated Fastenal C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.42% to $43.12 on volume of 2,291,171 vs its 10-day price average of $44.02 and its 22-day price average of $44.72, and is up 18.72% for the year. Revenue grew by 4.36% in the last fiscal year and grew by 26.78% over the last three fiscal years, Operating Income grew by 5.57% in the last fiscal year and grew by 26.57% over the last three fiscal years, and EPS grew by 5.82% in the last fiscal year and grew by 46.01% over the last three fiscal years.
Revenue was $5333.7M in the last fiscal year compared to $4390.5M three years ago, Operating Income was $1056.0M in the last fiscal year compared to $880.8M three years ago, EPS was $1.38 in the last fiscal year compared to $1.0 three years ago, and ROE was 31.84% in the last year compared to 28.71% three years ago. Forward 12M Revenue is expected to grow by 0.89% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.7.MORE FROM FORBESFastenal (FAST)
Lockheed Martin Corp (LMT)
Major aerospace and defense contractor Lockheed Martin LMT -0.7% is our fourth Top Buy of the day. As of 2014, Lockheed Martin is the world’s largest defense contractor based on revenue, with half of that revenue coming from the US Department of Defense. Our AI systems rated Lockheed Martin B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.45% to $352.44 on volume of 1,545,758 vs its 10-day price average of $368.71 and its 22-day price average of $377.48, and is down 10.08% for the year.
Revenue grew by 7.41% in the last fiscal year and grew by 28.59% over the last three fiscal years, Operating Income grew by 11.3% in the last fiscal year and grew by 53.19% over the last three fiscal years, and EPS grew by 5.74% in the last fiscal year and grew by 243.8% over the last three fiscal years. Revenue was $59812.0M in the last fiscal year compared to $49960.0M three years ago, Operating Income was $7698.0M in the last fiscal year compared to $5593.0M three years ago, EPS was $21.95 in the last fiscal year compared to $6.75 three years ago, and ROE was 269.7% in the last year compared to 455.42% three years ago. Forward 12M Revenue is expected to grow by 3.07% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.68.MORE FROM FORBESLockheed Martin (LMT)
Take-Two Interactive Software (TTWO)
Our final Top Buy of the day is Take-Two Interactive Software TTWO -4.8%. Take-Two is a leading video game publisher most known for owning video game companies Rockstar Games and 2k. Take-Two is best known for video game franchises such as Grand Theft Auto, NBA2k, and Red Dead. Our AI systems rated Take-Two D in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.99% to $162.77 on volume of 1,257,438 vs its 10-day price average of $165.0 and its 22-day price average of $164.76, and is up 33.33% for the year.
Revenue grew by 9.42% in the last fiscal year and grew by 88.51% over the last three fiscal years, Operating Income grew by 11.69% in the last fiscal year and grew by 213.83% over the last three fiscal years, and EPS grew by 10.07% in the last fiscal year and grew by 153.42% over the last three fiscal years. Revenue was $3088.97M in the last fiscal year compared to $1792.89M three years ago, Operating Income was $425.35M in the last fiscal year compared to $151.38M three years ago, EPS was $3.54 in the last fiscal year compared to $1.54 three years ago, and ROE was 17.66% in the last year compared to 13.92% three years ago. The stock is also trading with a Forward 12M P/E of 46.84.MORE FROM FORBESTake-Two Interactive Software (TTWO)
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Source: S&P Global Market Intelligence
By: Q.ai – Investing Reimagined
Q.ai, a Forbes Company, formerly known as Quantalytics and Quantamize, uses advanced forms of quantitative techniques and artificial intelligence to generate investment recommendations across all asset classes. When it comes to money, no one should have to settle. We make investing less intimidating, more accessible and a lot of fun for everyone. That’s investing, reimagined.
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