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The markets were moving higher again today as Monday’s market selloff appeared to be just a blip on the radar for bulls. The Dow has essentially recovered all losses from the week at this point, trading at levels from Friday’s close, as the dip has officially been bought. Earnings reports from companies are giving some credence to the rally, as so far, about 85% of companies have exceeded expectations according to Factset. We could be entering a period of volatility, however, as inflation has investors concerned as well as a surge in Covid-19 cases from the delta variant not only across America but over the world. That being said, Covid case count spikes don’t necessarily equate to market weakness, especially when you have massive monetary and fiscal spending to counteract recessionary forces. Below we bring you some of the Top Trending Stocks today for investing ideas from our AI-sourced algorithms.
Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Our deep-learning algorithms use Artificial Intelligence (AI) technology to provide an in-depth, intelligence-based look at a company – so you don’t have to do the digging yourself.
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The Boston Beer Company, Inc (SAM)
The Boston Beer Company, Inc tops our trending stocks list today. The company is a leader in high-end malt beverages and adjacent categories for alcoholic beverages, including craft beer, hard cider, and hard seltzer. Owners of massive brands such as Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer, this is a company to bet on if you’re expecting a surge in partying after a pandemic. The stock closed down 1.58% to $936.43 on volume of 240,916 vs its 10-day price average of $948.09 and its 22-day price average of $974.89, but has lagged with a loss of 5.82% for the year.
Our AI systems rated The Boston Beer Company with an average performance, with a C in Technicals, B in Growth, C in Low Volatility Momentum, and C in Quality Value. Speaking of earnings, revenue grew by 12.35% in the last fiscal year and grew by 95.95% over the last three fiscal years, Operating Income grew by 22.33% in the last fiscal year and grew by 169.66% over the last three fiscal years, while EPS grew by 24.19% in the last fiscal year and grew by 146.6% over the last three fiscal years. Revenue was $1736.43M in the last fiscal year compared to $995.65M three years ago, Operating Income was $256.87M in the last fiscal year compared to $116.53M three years ago, and EPS was $15.53 in the last fiscal year compared to $7.82 three years ago. ROE was 22.68% in the last year which compares to 20.97% three years ago. Forward 12M Revenue is expected to grow by 4.95% over the next 12 months and the stock is trading with a Forward 12M P/E of 34.76x.
Simple moving average of The Boston Beer Company, Inc (SAM)
Wells Fargo & Company (WFC)
Wells Fargo & Company is another trending stock today. Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S. Wells Fargo surged yesterday after a pullback on Monday, closed up 4.16% to $44.84 on volume of 34,556,160 vs its 10-day price average of $43.91 and its 22-day price average of $44.23. The company has been a darling to date, with a 48.58% gain for the year.
Our AI systems rated Wells Fargo D in Technicals, D in Growth, B in Low Volatility Momentum, and D in Quality Value. Earnings have been strong, as Revenue grew by 31.19% in the last fiscal year, Operating Income grew by 872.37% in the last fiscal year, and EPS grew by 810.79% in the last fiscal year. Revenue was $58319.0M in the last fiscal year compared to $84696.0M three years ago, Operating Income was $2117.0M in the last fiscal year compared to $28538.0M three years ago, while EPS was $0.41 in the last fiscal year compared to $4.28 three years ago. ROE was 1.92% in the last year, which compares to 11.29% three years ago, and the stock is trading with a Forward 12M P/E of 13.1x.
Simple moving average of Wells Fargo & Company (WFC)
Chipotle Mexican Grill, Inc (CMG)
Chipotle Mexican Grill, Inc is a trending stock today and third on our list. The shares were en fuego this morning, up over 10%, as the fast-casual chain restaurant reported exceptional earnings yesterday, beating expectations. The stock has done well this year, up 13.53%, and closed up 1.5% to $1574.35 on volume of 431,047 vs its 10-day price average of $1586.3 and its 22-day price average of $1539.26.
Our AI systems rated the company C in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. They have had a solid bounce back from the pandemic, as revenue grew by 14.35% in the last fiscal year and grew by 40.66% over the last three fiscal years, Operating Income grew by 102.71% in the last fiscal year and grew by 88.36% over the last three fiscal years, while EPS grew by 64.14% in the last fiscal year and grew by 225.69% over the last three fiscal years.
By the numbers, 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, while EPS was $12.52 in the last fiscal year compared to $6.31 three years ago. ROE was 19.21% in the last year, which compares to 12.58% three years ago. Forward 12M Revenue is expected to grow by 6.44% over the next 12 months and the stock is trading with a Forward 12M P/E of 54.97x.
Simple moving average of Chipotle Mexican Grill, Inc (CMG)
First Solar, Inc (FSLR)
First Solar, Inc is our fourth and final trending stock today. First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company’s solar modules use cadmium telluride to convert sunlight into electricity. This is a massive growth sector in a world that is struggling to meet climate change targets, and solar power will be a major contributor to going to renewable energies. The stock closed down 0.45% to $82.68 on volume of 2,225,234 vs its 10-day price average of $88.57 and its 22-day price average of $87.27, and has struggled this year, down 16.42%.
Our AI systems rated the company, funny enough for an energy-related company, A in Technicals, C in Growth, D in Low Volatility Momentum, and C in Quality Value. Revenue grew by 10.0% in the last fiscal year and grew by 32.91% over the last three fiscal years, Operating Income grew by 29.52% in the last fiscal year and grew by 1049.47% over the last three fiscal years, while EPS grew by 29.77% in the last fiscal year and grew by 255.91% over the last three fiscal years.
Drilling down, Revenue was $2711.33M in the last fiscal year compared to $2244.04M three years ago, Operating Income was $355.99M in the last fiscal year compared to $40.11M three years ago, while EPS was $3.73 in the last fiscal year compared to $1.36 three years ago. ROE was 7.5% in the last year, which compares to 2.8% three years ago. The stock is trading with a Forward 12M P/E of 26.07x.
Simple moving average of First Solar, Inc (FSLR)
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