In 14 of the past 15 years, the S&P 500 has had a positive April. Over the past 20 years, April has also been the strongest month for stocks. If this pace maintains for the rest of the month, the trend could continue. Although Friday is set for mixed trading, the indices are set to close the week with solid gains as the S&P continues hovering around a record high. The Dow Jones rose 100 points, the S&P 500 was roughly flat, and the Nasdaq NDAQ fell 0.4% thanks to bond yields which ticked up slightly. 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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Chipotle Mexican Grill Inc (CMG)
Chipotle Mexican Grill CMG is today’s first Top Buy. Chipotle is a chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and burritos made to order in front of the customer. Our AI systems rated the company B in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.6% to $1524.05 on volume of 229,654 vs its 10-day price average of $1453.12 and its 22-day price average of $1450.31, and is up 15.54% for the year. Revenue was $5984.63M in the last fiscal year compared to $4864.98M three years ago, Operating Income was $327.14M in the last fiscal year compared to $352.06M three years ago, EPS was $12.52 in the last fiscal year compared to $6.31 three years ago, and ROE was 19.21% in the last year compared to 12.58% three years ago. The stock is also trading with a Forward 12M P/E of 66.0.
MORE FROM FORBESChipotle Mexican Grill (CMG)
Simple moving average of Chipotle Mexican Grill Inc (CMG)
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Danaher Corp (DHR)
Our second Top Buy today is Danaher Corp DHR . Danaher is a conglomerate that designs, manufactures, and markets professional, medical, industrial, and commercial products and services. Our AI systems rated the company B in Technicals, A in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.71% to $229.94 on volume of 2,019,502 vs its 10-day price average of $225.46 and its 22-day price average of $221.03, and is up 3.1% for the year. Revenue was $22284.0M in the last fiscal year compared to $17049.0M three years ago, Operating Income was $4704.0M in the last fiscal year compared to $3090.0M three years ago, EPS was $4.89 in the last fiscal year compared to $3.74 three years ago, and ROE was 10.41% in the last year compared to 8.81% three years ago. The stock is also trading with a Forward 12M P/E of 30.33.
MORE FROM FORBESDanaher (DHR)
Simple moving average of Danaher Corp (DHR)
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Fastenal Co (FAST)
Fastenal Co FAST is Top Buy number three today. Fastenal is a supplier of industrial products, and is the largest fastener distributor in all of North America. Our AI systems rated the company B in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.58% to $50.22 on volume of 3,519,726 vs its 10-day price average of $50.53 and its 22-day price average of $48.82, and is up 6.04% for the year. Revenue was $5647.3M in the last fiscal year compared to $4965.1M three years ago, Operating Income was $1140.4M in the last fiscal year compared to $998.7M three years ago, EPS was $1.49 in the last fiscal year compared to $1.31 three years ago, and ROE was 31.83% in the last year compared to 34.18% three years ago. The stock is also trading with a Forward 12M P/E of 32.35.
MORE FROM FORBESFastenal (FAST)
Simple moving average of Fastenal Co (FAST)
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Semtech Corp (SMTC)
Semtech Corp SMTC is our fourth Top Buy today. Semtech Corp is heavily involved in the semiconductor space, and supplies analog and mixed-signal products. 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 up 1.84% to $70.94 on volume of 226,490 vs its 10-day price average of $69.08 and its 22-day price average of $69.42, and is down 0.34% for the year. Revenue was $595.12M in the last fiscal year compared to $627.2M three years ago, Operating Income was $74.68M in the last fiscal year compared to $88.78M three years ago, EPS was $0.91 in the last fiscal year compared to $1.02 three years ago, and ROE was 8.7% in the last year compared to 10.34% three years ago. The stock is also trading with a Forward 12M P/E of 30.44.
MORE FROM FORBESSemtech (SMTC)
Simple moving average of Semtech Corp (SMTC)
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Lowe’s Cos Inc (LOW)
Lowe’s Cos Inc is our final Top Buy. Lowe’s is a big-box home improvement retailer, and ranks just behind Home Depot HD as the largest home improvement retailer in the country. Our AI systems rated Lowe’s C in Technicals, A in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.28% to $194.21 on volume of 2,684,272 vs its 10-day price average of $191.27 and its 22-day price average of $182.31, and is up 21.52% for the year. Revenue was $89597.0M in the last fiscal year compared to $71309.0M three years ago, Operating Income was $10892.0M in the last fiscal year compared to $4970.0M three years ago, EPS was $7.75 in the last fiscal year compared to $2.84 three years ago, and ROE was 342.33% in the last year compared to 48.63% three years ago. The stock is also trading with a Forward 12M P/E of 20.03.
MORE FROM FORBESLowe’s (LOW)
Simple moving average of Lowe’s Cos Inc (LOW)
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