Stocks continued clawing back from this week’s brutal inflation-related sell-offs. After stocks sharply rebounded yesterday, the good times continued for a second consecutive day. The Dow Jones climbed 220 points, the S&P 500 gained 0.8%, and the volatile Nasdaq NDAQ recovered another 1%. Yesterday, investors overlooked more concerning inflation today, and today investors ignored underwhelming retail data. Data showed consumer purchases slowed down last month, with retail sales flat for April. Despite the rallies of the past two days, the indices are still on pace for a losing week. Week-to-date, the Dow is currently down 2.2%, the S&P is down 2.8%, and the Nasdaq, leading the laggards, is down 4.6%. 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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Jabil Inc (JBL)
Jabil Inc is our first Top Buy today. With 100 plants in 30 countries, and 260,000 employees worldwide, Jabil Inc JBL a worldwide manufacturing services company, is one of the largest companies based in the Tampa Bay area. Our AI systems rated the company A in Technicals, B in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 3.46% to $52.66 on volume of 748,199 vs its 10-day price average of $52.72 and its 22-day price average of $53.46, and is up 24.88% for the year. Revenue grew by 3.78% in the last fiscal year and grew by 28.07% over the last three fiscal years, Operating Income grew by 31.83% in the last fiscal year and grew by 63.06% over the last three fiscal years, and EPS grew by 585.66% in the last fiscal year and grew by 389.75% over the last three fiscal years. Revenue was $27266.44M in the last fiscal year compared to $22095.42M three years ago, Operating Income was $736.75M in the last fiscal year compared to $595.67M three years ago, EPS was $0.35 in the last fiscal year compared to $0.49 three years ago, and ROE was 3.05% in the last year compared to 4.04% three years ago. Forward 12M Revenue is expected to grow by 0.55% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.28.
MORE FROM FORBESJabil (JBL)
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Lowe’s Cos Inc (LOW)
Lowe’s Cos Inc is our second 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 B in Technicals, A in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.45% to $200.34 on volume of 4,495,509 vs its 10-day price average of $202.26 and its 22-day price average of $201.94, and is up 24.92% 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 19.97.
MORE FROM FORBESLowe’s (LOW)
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Progressive Corp-Ohio (PGR)
Progressive Corp-Ohio is our next Top Buy. Progressive is an insurance company, which specializes in personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. Our AI systems rated the company B in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.23% to $106.05 on volume of 2,210,974 vs its 10-day price average of $104.12 and its 22-day price average of $101.86, and is up 9.18% for the year. Revenue grew by 4.98% in the last fiscal year and grew by 40.07% over the last three fiscal years, Operating Income grew by 13.55% in the last fiscal year and grew by 152.0% over the last three fiscal years, and EPS grew by 13.86% in the last fiscal year and grew by 148.83% over the last three fiscal years. Revenue was $42638.1M in the last fiscal year compared to $31954.7M three years ago, Operating Income was $7390.2M in the last fiscal year compared to $3330.1M three years ago, EPS was $9.66 in the last fiscal year compared to $4.42 three years ago, and ROE was 36.88% in the last year compared to 25.17% three years ago. Forward 12M Revenue is expected to grow by 2.51% over the next 12 months, and the stock is trading with a Forward 12M P/E of 18.35.
MORE FROM FORBESProgressive (PGR)
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Radiant Logistics Inc (RLGT)
Radiant Logistics is our fourth Top Buy today. Radiant is a global transportation and supply chain management company. Our AI systems rated the company B in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.52% to $7.77 on volume of 194,047 vs its 10-day price average of $7.23 and its 22-day price average of $6.97, and is up 38.26% for the year. Revenue grew by 6.02% in the last fiscal year and grew by 7.63% over the last three fiscal years, Operating Income grew by 53.19% in the last fiscal year and grew by 148.44% over the last three fiscal years, and EPS grew by 57.36% in the last fiscal year and grew by 106.54% over the last three fiscal years. Revenue was $855.2M in the last fiscal year compared to $842.42M three years ago, Operating Income was $19.75M in the last fiscal year compared to $12.18M three years ago, EPS was $0.21 in the last fiscal year compared to $0.16 three years ago, and ROE was 9.32% in the last year compared to 8.12% three years ago. Forward 12M Revenue is expected to grow by 2.25% over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.48.
Simple moving average of Radiant Logistics Inc (RLGT)
Stock charts
Timken Co (TKR)
Timken Co TKR is today’s final Top Buy. The company engages in the engineering, manufacturing and marketing of bearings and power transmission products. Specifically, Timken offers gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes. Our AI systems rated the company B in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.95% to $88.88 on volume of 347,272 vs its 10-day price average of $88.33 and its 22-day price average of $85.82, and is up 17.66% for the year. Revenue grew by 2.9% in the last fiscal year and grew by 0.96% over the last three fiscal years, Operating Income grew by 5.92% in the last fiscal year and grew by 11.35% over the last three fiscal years, and EPS grew by 11.15% in the last fiscal year and grew by 7.12% over the last three fiscal years. Revenue was $3513.2M in the last fiscal year compared to $3580.8M three years ago, Operating Income was $489.9M in the last fiscal year compared to $466.0M three years ago, EPS was $3.72 in the last fiscal year compared to $3.86 three years ago, and ROE was 13.99% in the last year compared to 19.6% three years ago. Forward 12M Revenue is expected to grow by 1.56% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.04.
MORE FROM FORBESTimken (TKR)
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