Top Stocks To Buy Today As Market Retreats From Records

After April began with fresh record highs thanks to a blowout jobs report, indicators the economic rebound is heating up, and an accelerating vaccine rollout, stocks somewhat retreated on Tuesday. After the Dow and S&P 500 both closed at record highs in the prior session, the Dow fell 60 points, the S&P 500 dropped 0.2%, and the Nasdaq
NDAQ
fell 0.2%. Although accelerating bond yields since February have concerned growth investors hurt tech shares, tech has rallied as of late amid the 10-year remaining stable at around 1.71%. 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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Altria Group Inc (MO)

Altria Group
MO
, one of the world’s largest producers and marketers of tobacco, cigarettes and related products is our first Top Buy. As Altria aims to diversify its product offering and improve its pricing power, the stock has gone on a nice run. Our AI systems rated Altria B in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.63% to $51.32 on volume of 6,937,520 vs its 10-day price average of $50.96 and its 22-day price average of $49.03, and is up 27.85% for the year. Revenue was $20841.0M in the last fiscal year compared to $19627.0M three years ago, Operating Income was $11600.0M in the last fiscal year compared to $9834.0M three years ago, EPS was $2.4 in the last fiscal year compared to $3.68 three years ago, and ROE was 95.56% in the last year compared to 46.07% three years ago. The stock is also trading with a Forward 12M P/E of 11.23. 

MORE FROM FORBESAltria Group (MO)

Hooker Furniture Corp (HOFT)

Hooker Furniture Corp is our next Top Buy. Hooker Furniture, for over 90 years, has been an industry leader for quality bedroom sets, dining room sets, living room furnishings, and home office furniture. 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 up 0.65% to $37.26 on volume of 41,635 vs its 10-day price average of $36.32 and its 22-day price average of $37.07, and is up 20.62% for the year. Operating Income grew by 25.91% in the last fiscal year. Revenue was $610.82M in the last fiscal year compared to $620.63M three years ago, Operating Income was $22.24M in the last fiscal year compared to $46.28M three years ago, EPS was $1.44 in the last fiscal year compared to $2.42 three years ago, and ROE was 6.36% in the last year compared to 13.22% three years ago. Forward 12M Revenue is expected to grow by 9.36% over the next 12 months, and the stock is trading with a Forward 12M P/E of 14.67. 

MORE FROM FORBESHooker Furniture (HOFT)

Lincoln Electric Hldgs Inc (LECO) 

Lincoln Electric
LECO
 is our third Top Buy today. The company is a global manufacturer of welding products, arc welding equipment, welding consumables, plasma and oxy-fuel cutting equipment and robotic welding systems. Our AI systems rated Lincoln Electric B in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.61% to $124.46 on volume of 170,927 vs its 10-day price average of $122.93 and its 22-day price average of $122.43, and is up 9.89% for the year. Revenue was $2655.4M in the last fiscal year compared to $3028.67M three years ago, Operating Income was $319.38M in the last fiscal year compared to $400.94M three years ago, EPS was $3.42 in the last fiscal year compared to $4.37 three years ago, and ROE was 25.62% in the last year compared to 31.54% three years ago. The stock is also trading with a Forward 12M P/E of 24.77.

MORE FROM FORBESLincoln Electric (LECO)

Patterson Cos Inc (PDCO)

Patterson Cos Inc is our next Top Buy. Patterson Cos is a company focused on providing products, technologies, services and business solutions to the animal and oral health markets. Our AI systems rated the company C in Technicals, B in Growth, B in Low  Volatility Momentum, and C in Quality Value. The stock closed up 0.5% to $32.22 on volume of 743,087 vs its 10-day price average of $31.91 and its 22-day price average of $31.79, and is up 11.41% for the year. Revenue grew by 2.67% in the last fiscal year and grew by 3.13% over the last three fiscal years, Operating Income grew by 29.5% in the last fiscal year and grew by 9.63% over the last three fiscal years, and EPS grew by -19.12% in the last fiscal year. Revenue was $5490.01M in the last fiscal year compared to $5465.68M three years ago, Operating Income was $186.14M in the last fiscal year compared to $219.89M three years ago, EPS was $(6.25) in the last fiscal year compared to $2.16 three years ago, and ROE was (50.87%) in the last year compared to 14.07% three years ago. Forward 12M Revenue is expected to grow by 3.42% over the next 12 months, and the stock is trading with a Forward 12M P/E of 15.63.

MORE FROM FORBESPatterson (PDCO)

Tegna Inc (TGNA)

Our final Top Buy today is Tegna Inc. Tegna is a broadcast, digital media and marketing services company that owns or operates 66 television stations in 54 markets, and holds properties in digital media. Our AI systems rated Tegna A in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.54% to $19.8 on volume of 1,369,910 vs its 10-day price average of $19.34 and its 22-day price average of $19.42, and is up 42.24% for the year. Revenue was $2937.78M in the last fiscal year compared to $2207.28M three years ago, Operating Income was $895.0M in the last fiscal year compared to $691.08M three years ago, EPS was $2.19 in the last fiscal year compared to $1.87 three years ago, and ROE was 26.36% in the last year compared to 34.36% three years ago. The stock is also trading with a Forward 12M P/E of 10.13.

MORE FROM FORBESTEGNA (TGNA)

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