Top Stocks To Buy Today Amid Dropping Bond Yields

After the 10-year yield ended last week around 1.74% — its highest level since January 2020 — it retreated to about 1.68% to start this week off. For growth investors, this is a welcome change. Bond yields and growth stocks are usually correlated. If bond yields rise, that indicates higher potential borrowing costs. However, with this dip in bond yields, at least for now, tech stocks led the way. The Dow Jones declined 65 points, and the S&P 500 rose 0.2%, while the Nasdaq
NDAQ
rose 0.6%. For investors looking to find the best opportunities, 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 Top Buys. 

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Avient Corp (AVNT)

Our first Top Buy today is Avient Corp
NAVI
. Formerly known as PolyOne, Avient Corp is a global provider of specialized polymer materials and services such as thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution, and vinyl resins. Our AI systems rated the company C in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.7% to $50.85 on volume of 1,663,476 vs its 10-day price average of $49.38 and its 22-day price average of $46.77, and is up 29.46% for the year. Revenue was $3242.1M in the last fiscal year compared to $2881.0M three years ago, Operating Income was $270.7M in the last fiscal year compared to $187.7M three years ago, EPS was $1.46 in the last fiscal year compared to $1.99 three years ago, and ROE was 9.68% in the last year compared to 15.33% three years ago. The stock is also trading with a Forward 12M P/E of 21.04.

Goosehead Insurance (GSHD) 

Goosehead Insurance is our second Top Buy today. Goodhead Insurance is one of the fastest growing insurance agencies in the country, and offers customers a smarter, simpler way to purchase insurance. Our AI systems rated the company A in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed down 1.55% to $115.19 on volume of 318,787 vs its 10-day price average of $129.8 and its 22-day price average of $136.8, and is down 12.65% for the year. Revenue was $116.2M in the last fiscal year compared to $59.73M three years ago, Operating Income was $19.13M in the last fiscal year compared to $(14.35)M three years ago, and EPS was $0.51 in the last fiscal year compared to $(0.66) three years ago. The stock is also trading with a Forward 12M P/E of 136.67.

MORE FROM FORBESGoosehead Insurance (GSHD)

Southern Copper Corp (SCCO)

With all the buzz around copper as of late, our next Top Buy, Southern Copper Corp
SCCO
, is a company to keep your eyes on. Southern Copper Corp is a mining company in existence since 1952, and based on 2007 data, could be the world’s largest publicly traded copper mining company. Our AI systems rated the company  A in Technicals, A in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 1.1% to $72.14 on volume of 1,509,191 vs its 10-day price average of $74.58 and its 22-day price average of $75.39, and is up 8.14% for the year. Revenue was $7984.9M in the last fiscal year compared to $7096.7M three years ago, Operating Income was $3148.3M in the last fiscal year compared to $2881.2M three years ago, EPS was $2.03 in the last fiscal year compared to $2.0 three years ago, and ROE was 22.33% in the last year compared to 24.26% three years ago. The stock is also trading with a Forward 12M P/E of 22.88.

MORE FROM FORBESSouthern Copper (SCCO)

Sirius Xm Holdings Inc (SIRI)

Sirius Xm Holdings Inc is our fourth Top Buy of the day. Sirius XM is a leading audio entertainment company focused on its satellite radio platform. It also owns ad-supported online audio streaming service Pandora. Together with Pandora, Sirius Xm reaches more than 150 million listeners- the largest addressable audience in the U.S. Our AI systems rated the company B in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.33% to $6.08 on volume of 39,132,887 vs its 10-day price average of $6.13 and its 22-day price average of $6.03, and is down 1.3% for the year. Revenue was $8040.0M in the last fiscal year compared to $5771.0M three years ago, Operating Income was $1862.0M in the last fiscal year compared to $1799.0M three years ago, and EPS was $0.03 in the last fiscal year compared to $0.26 three years ago. The stock is also trading with a Forward 12M P/E of 22.1.

MORE FROM FORBESSirius XM Holdings Inc. (SIRI)

Silgan Holdings Inc (SLGN) 

Our final Top Buy of the day is Silgan Holdings Inc
SLGN
. Silgan Holdings Inc is a manufacturing company focused on producing consumer goods packaging. Our AI systems rated the company C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 1.64% to $41.48 on volume of 1,005,488 vs its 10-day price average of $42.15 and its 22-day price average of $40.21, and is up 13.67% for the year. Revenue was $4921.94M in the last fiscal year compared to $4448.88M three years ago, Operating Income was $550.92M in the last fiscal year compared to $418.35M three years ago, EPS was $2.77 in the last fiscal year compared to $2.01 three years ago, and ROE was 27.13% in the last year compared to 27.19% three years ago. The stock is also trading with a Forward 12M P/E of 12.28.

MORE FROM FORBESSilgan Holdings (SLGN)

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