Top Stocks To Buy Today As Markets Pace Towards Worst Week Since March

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

MORE FROM FORBESBroadridge Financial (BR)

Simple Moving Average of Broadridge Financial Solutions (BR)
Price of Broadridge Financial Solutions compared to its Simple Moving Average YCharts

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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)

Simple Moving Average of Amdocs (DOX)
Price of Amdocs compared to its Simple Moving Average YCharts

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)

Simple Moving Average of Fastenal Co (FAST)
Price of Fastenal Co compared to its Simple Moving Average YCharts

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)

Simple Moving Average of Lockheed Martin Corp (LMT)
Price of Lockheed Martin Corp compared to its Simple Moving Average YCharts

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)

Simple Moving Average of Take-Two Interactive Software (TTWO)
Price of Take-Two Interactive Software compared to its Simple Moving Average YCharts

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Source: S&P Global Market Intelligence

By: Q.ai – Investing Reimagined

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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Stock Moe

89.2K subscribers// This is the best penny stocks to buy now 2020 November edition.Join our private community over at Patreon https://www.patreon.com/stockmoe to talk stocks that could grow your portfolio to new levels. I will have exclusive materials as we move forward and my own stock purchases and a brand new high growth portfolio that I am sharing with everyone. If you want to have a one on one person to help you, then this is a must for any serious investor. We just got our private Discord up and running as well. SIGN UP FOR WEBULL: (It’s only a $100 deposit and you get 3 free stocks worth $8 a piece to $1600 from this referral link…I recently signed up…love it and I also get a free stock) https://www.webull.com/activity?invit… Sign up for Robinhood here for a free stock: https://join.robinhood.com/brittnm610 NEW STOCK MOE AMAZON STORE UP AND RUNNING: https://www.amazon.com/shop/stockmoe This is all about getting the best penny stocks to buy now 2020 for November. It is a good time to look at some big penny stocks that are moving and see if there is a way to make a quick profit off of them or if there is a long term play there. There are many penny stocks out there, but most end up at zero eventually . Finding the best penny stocks to buy now is not an easy task. The first of the best penny stocks to buy now is one that I feel has some upward pressure that gives us a chance to make a few dollars. I am not sure how it will go, but this best penny stock opportunity helps us moving forward. It is interesting to see all of this. In looking at the top penny stocks to buy now, there are a few opportunities out there to invest in. The penny stocks 2020 list I made in this video helps to identity these penny stocks. There are a few out there that can work our way, but we need to be careful. These are very volatile and should be handled with care. These are some good penny stocks to watch for 2020 and 2021. These are the best penny stocks to buy now 2020 and not the only ones though. There are a few other opportunities out there for us to consider. These top stocks can go bad very quickly if the market turns south. I still see these as an option for stocks to buy now in my mind. These are great penny stocks for beginners that will get them in with a chance at profit. These are high risk and should be traded knowing that. If you are looking for cheap penny stocks, these best penny stocks to buy now fit the bill. There are many penny stocks to look at and I am sure there are probably many more that could outperform these penny stocks, but it gives you an idea of how I look for a penny stock to invest in. These are the best stocks to buy now and possibly in the future if you are looking for extreme risk and possible massive profits. There is always a chance of losing everything when buying one of the best penny stocks to buy now. These penny stocks 2020 are what I think will have the most action. In summation, the best penny stocks to buy 2020 November edition is all about giving you the opportunity to make massive amounts of money or loss massive amounts of money investing in the top penny stocks to buy now. If you are looking for penny stocks to watch or are investing in penny stocks for the long term, then be aware of the dangers. These can be the best stocks to buy now or the top stocks to buy now if they end up turning their business around. What stocks to buy now is a good question to always ask yourself. These best penny stocks to buy now help to answer that. ARK had bought NNDM stock price and added it…are they still buying NNDM? NNDM should definitely be in the penny stocks to watch list, if you have one. 🙂 Stock Moe’s content is for entertainment only. In no event will Stock Moe be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of Stock Moe content on YouTube, Patreon, and Discord. Stock Moe is no longer a licensed broker/financial planner. All financial decisions made by the viewer should be done after talking with a licensed professional. Everything on the Stock Moe channel is for entertainment only. Stock Moe’s video content may change over time, or become outdated or invalid. Stock Moe reserves the right to change his opinions and entertainment content at any time. I also have affiliate links in this description that I can earn money off of to help support the channel. Thank you from Stock Moe. #stocks#pennystocks#pennystock

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