As the 10-year yield remained little changed at 1.51%, inflation fears continued easing, and jobless claims once again beat expectations. As a result, tech’s comeback continued with a vengeance. Tesla TSLA gained 4%, while Apple AAPL , Facebook, and Netflix NFLX all jumped at least 2%. The Dow Jones also surged for a 5th straight day of gains towards fresh record highs. The Dow surged 100 points, while the S&P 500 advanced 0.8%, and the Nasdaq NDAQ surged 1.8%. 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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Cisco Systems Inc (CSCO)
A big, old-school tech name is our first Top Buy today — Cisco Systems Inc CSCO . Cisco Systems is a company involved in the design, manufacture, and sale of Internet Protocol based networking products and services related to communications and information technology. Our AI systems rated the company C in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.84% to $48.29 on volume of 19,841,506 vs its 10-day price average of $46.15 and its 22-day price average of $46.48, and is up 9.85% for the year. Operating Income grew by 5.7% over the last three fiscal years, while EPS grew by 11849.36% over the last three fiscal years. Revenue was $49301.0M in the last fiscal year compared to $49330.0M three years ago, Operating Income was $14122.0M in the last fiscal year compared to $12835.0M three years ago, EPS was $2.64 in the last fiscal year compared to $0.02 three years ago, and ROE was 31.37% in the last year compared to 0.2% three years ago. Forward 12M Revenue is expected to grow by 2.41% over the next 12 months, and the stock is trading with a Forward 12M P/E of 14.52.
MORE FROM FORBESCisco Systems (CSCO)
Simple moving average of Cisco Systems Inc (CSCO)
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Kla Corp (KLAC)
Kla Corp KLAC is our next Top Buy today. Kla Corp is involved in the semiconductor and related nano-electronics industries through the supply of process control and yield management solutions. Our AI systems rated the company D in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 3.62% to $283.45 on volume of 1,688,239 vs its 10-day price average of $299.07 and its 22-day price average of $310.26, and is up 19.18% for the year. Revenue grew by 4.59% in the last fiscal year and grew by 50.45% over the last three fiscal years, Operating Income grew by 12.72% in the last fiscal year and grew by 28.84% over the last three fiscal years, and EPS grew by 13.55% in the last fiscal year and grew by 71.43% over the last three fiscal years. Revenue was $5806.42M in the last fiscal year compared to $4036.7M three years ago, Operating Income was $1757.02M in the last fiscal year compared to $1537.19M three years ago, EPS was $7.7 in the last fiscal year compared to $5.1 three years ago, and ROE was 45.35% in the last year compared to 54.45% three years ago. Forward 12M Revenue is expected to grow by 4.58% over the next 12 months, and the stock is trading with a Forward 12M P/E of 19.96.
MORE FROM FORBESKLA (KLAC)
Simple moving average of Kla Corp (KLAC)
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Lam Research Corp (LRCX)
Lam Research Corp is our final Top Buy. The company is a giant in manufacturing and producing semiconductor equipment. With what seems to be a shortage in semiconductor supply that cannot keep up with demand, pay close attention to this company in the next few months. Our AI systems rated Lam Research F in Technicals, A in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 4.56% to $518.7 on volume of 1,972,493 vs its 10-day price average of $547.96 and its 22-day price average of $559.66, and is up 8.51% for the year. Revenue grew by 18.76% in the last fiscal year and grew by 7.69% over the last three fiscal years, while Operating Income grew by 27.93% in the last fiscal year and grew by 6.45% over the last three fiscal years, and EPS grew by 33.35% in the last fiscal year, and grew by 52.89% over the last three fiscal years. Revenue was $10044.74M in the last fiscal year compared to $11077.0M three years ago, Operating Income was $2673.8M in the last fiscal year compared to $3213.3M three years ago, EPS was $15.1 in the last fiscal year compared to $13.17 three years ago, and ROE was 45.74% in the last year compared to 35.75% three years ago. Forward 12M Revenue is expected to grow by 3.74% over the next 12 months, and the stock is trading with a Forward 12M P/E of 20.1.
MORE FROM FORBESLam Research (LRCX)
Simple moving average of Lam Research Corp (LRCX)
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Monster Beverage Corp (MNST)
Monster Beverage Corp is our fourth Top Buy today. Monster Beverage Corp is a holding company focused on developing, marketing, and selling and distributing its energy drink beverages and concentrates. Our AI systems rated the company F in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 1.09% to $89.4 on volume of 2,104,512 vs its 10-day price average of $86.62 and its 22-day price average of $88.73, and is down 1.32% for the year. Revenue was $4598.64M in the last fiscal year compared to $3807.18M three years ago, Operating Income was $1633.35M in the last fiscal year compared to $1310.22M three years ago, EPS was $2.64 in the last fiscal year compared to $1.76 three years ago, and ROE was 30.21% in the last year compared to 26.46% three years ago. The stock is also trading with a Forward 12M P/E of 33.26.
MORE FROM FORBESMonster Beverage (MNST)
Simple moving average of Monster Beverage Corp (MNST)
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Xpo Logistics Inc (XPO)
Our final Top Buy today is Xpo Logistics Inc XPO . Xpo Logistics is a transportation and contract logistics company that manages supply chains for 50,000 customers worldwide, including 69 Fortune 100 companies. It operates in 30 countries, with approximately 100,000 employees. Our AI systems rated the company C in Technicals, A in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.2% to $117.7 on volume of 1,077,380 vs its 10-day price average of $117.35 and its 22-day price average of $118.48, and is up 1.01% for the year. Revenue was $16252.0M in the last fiscal year compared to $17279.0M three years ago, Operating Income was $530.0M in the last fiscal year compared to $825.0M three years ago, EPS was $0.78 in the last fiscal year compared to $2.88 three years ago, and ROE was 4.07% in the last year compared to 11.13% three years ago. The stock is also trading with a Forward 12M P/E of 21.71.
MORE FROM FORBESXPO Logistics (XPO)
Simple moving average of Xpo Logistics Inc (XPO)
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