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Adobe Inc Ranked Among Today’s Top Buys As COVID-19 Concerns Continue To Circle

Yesterday was a boon for stocks, with the S&P 500 posting its best day in two weeks as it tries to stage a rally. The biggest jump was actually in the energy sector, which led the S&P with a 3.8% rally versus just 0.9% for the index on Wednesday. Many analysts are calling for a bumpy ride to end the year, especially after seven straight months of gains and an impressive 20%+ showing so far. Seasonality is likely working against the market as well, as September has historically been the worst month for stocks versus every other. Retail sales data also came in on the economic front, and it showed some surprise upside, rising 0.7% versus expectations of losing 0.8%. With the consumer feeling on edge with the resurgence of Covid-19 cases, this was a welcome sight for the bulls. 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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Adobe Inc (ADBE)

Adobe Inc. is our first Top Buy today. Long an industry leader in creative multimedia and software products, Adobe has now diversified into cloud computing and digital marketing as well. Adobe appears to be at the forefront of tech, business, and innovation, and could have a bright future ahead. Our AI systems rated Adobe B in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.49% to $661.08 on volume of 2,009,337 vs its 10-day price average of $659.36 and its 22-day price average of $654.04, and is up 36.21% for the year Revenue grew by 11.82% in the last fiscal year and grew by 59.35% over the last three fiscal years, Operating Income grew by 21.41% in the last fiscal year and grew by 81.13% over the last three fiscal years, and EPS grew by 6.55% in the last fiscal year and grew by 121.91% over the last three fiscal years. Revenue was $12868.0M in the last fiscal year compared to $9030.01M three years ago, Operating Income was $4237.0M in the last fiscal year compared to $2840.37M three years ago, EPS was $10.83 in the last fiscal year compared to $5.2 three years ago, and ROE was 44.21% in the last year compared to 29.08% three years ago. Forward 12M Revenue is expected to grow by 6.43% over the next 12 months, and the stock is trading with a Forward 12M P/E of 51.33. 

MORE FROM FORBESAdobe (ADBE)

Dover Corp (DOV)

Dover Corp is our second Top Buy today. The company is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.44% to $167.7 on volume of 1,454,595 vs its 10-day price average of $172.62 and its 22-day price average of $173.20, and is up 35.97% for the year. Revenue grew by 11.14% in the last fiscal year and grew by 6.24% over the last three fiscal years, Operating Income grew by 24.6% in the last fiscal year and grew by 35.96% over the last three fiscal years, while EPS grew by 28.91% in the last fiscal year and grew by 61.45% over the last three fiscal years. Revenue was $6683.76M in the last fiscal year which compares to $6992.12M three years ago, Operating Income was $983.85M in the last fiscal year which compares to $901.62M three years ago, and EPS was $4.7 in the last fiscal year which compares to $3.75 three years ago. ROE was 21.3% in the last year compared to 16.53% three years ago. Forward 12M Revenue is expected to grow by 2.53% over the next 12 months and the stock is trading with a Forward 12M P/E of 21.87. 

MORE FROM FORBESDover (DOV)

Honeywell International Inc (HON)

Honeywell International Inc is our next Top Buy. Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. The firm operates through four business segments, including aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.68% to $221.69 on volume of 2,021,753 vs its 10-day price average of $224.72 and its 22-day price average of $227.83, and is up 6.61% for the year. Revenue grew by 4.05% in the last fiscal year, Operating Income grew by 8.3% in the last fiscal year, while EPS grew by 4.67% in the last fiscal year. Revenue was $32637.0M in the last fiscal year compared to $41802.0M three years ago, Operating Income was $6654.0M in the last fiscal year compared to $7902.0M three years ago, while EPS was $6.72 in the last fiscal year compared to $8.98 three years ago. ROE was 26.65% in the last year, which compares to 38.98% three years ago. Forward 12M Revenue is expected to grow by 4.01% over the next 12 months and the stock is trading with a Forward 12M P/E of 25.83.

MORE FROM FORBESHoneywell International (HON)

Johnson & Johnson (JNJ)

Johnson & Johnson is our next Top Buy today. The company is the world’s largest and most diverse healthcare firm. Our AI systems rated Johnson & Johnson C in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.38% to $165.42 on volume of 7,935,279 vs its 10-day price average of $169.9 and its 22-day price average of $173.26, and is up 5.7% for the year. Revenue grew by 8.0% in the last fiscal year and grew by 9.33% over the last three fiscal years, Operating Income grew by 15.76% in the last fiscal year and grew by 9.41% over the last three fiscal years, while EPS grew by 20.72% in the last fiscal year and grew by 18.57% over the last three fiscal years. Revenue was $82584.0M in the last fiscal year compared to $81581.0M three years ago, Operating Income was $20014.0M in the last fiscal year compared to $21175.0M three years ago, while EPS was $5.51 in the last fiscal year compared to $5.61 three years ago. ROE was 23.97% in the last year, which compares to 25.51% three years ago. Forward 12M Revenue is expected to grow by 2.24% over the next 12 months and the stock is trading with a Forward 12M P/E of 16.87. 

MORE FROM FORBESJohnson & Johnson (JNJ)

Verint Systems Inc (VRNT)

Verint Systems Inc is our final Top Buy today. The compan, with its subsidiaries, helps brands provide Boundless Customer Engagement. Its solutions help iconic brands close the gap created when they lack the resources required to deliver experiences that fulfill customer expectations. Our AI systems rated Verint B in Technicals, C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.12% to $44.72 on volume of 1,040,431 vs its 10-day price average of $44.39 and its 22-day price average of $43.93, and is down 32.31% for the year. Revenue grew by 2.01% in the last fiscal year and grew by 5.65% over the last three fiscal years. Revenue was $1273.7M in the last fiscal year compared to $1229.75M three years ago, Operating Income was $119.95M in the last fiscal year compared to $122.04M three years ago, while EPS was $-0.23 in the last fiscal year compared to $1.0 three years ago. ROE was (0.01%) in the last year, which compares to 5.87% three years ago. Forward 12M Revenue is expected to grow by 3.15% over the next 12 months and the stock is trading with a Forward 12M P/E of 19.13. 

MORE FROM FORBESVerint Systems (VRNT)

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