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Beacon Roofing Supply Inc Ranked Among Today’s Top Buys Amid Lower Jobless Claims Data

Thanks to the latest jobless claims data, the S&P 500 was on pace to hit its 54th record high of 2021. ​​First-time claims totaled 340,000 for the week ended August 28 and hit their lowest level since the pandemic’s start in March 2020. This also slightly beat the Dow Jones estimate of 345,000. We will see if this optimism lasts, though, as the critical August jobs report comes out to close the week tomorrow. Investors are paying close attention to it because this could dictate what moves the Fed makes with its monetary policy. With jobless claims the primary catalyst this Thursday, the Dow Jones rose 130 points, lifted by Apple
AAPL
and Chevron
CVX
. The S&P 500 and Nasdaq Composite both advanced 0.4%. 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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Beacon Roofing Supply Inc (BECN)

Beacon Roofing Supply Inc is our first Top Buy today. Beacon sells residential and non-residential roofing products, as well as related building products all across North America. Our AI systems rated the company C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.45% to $51.25 on volume of 299,044 vs its 10-day price average of $51.09 and its 22-day price average of $51.64, and is up 28.96% for the year. Revenue grew by 8.71% in the last fiscal year and grew by 17.61% over the last three fiscal years, Operating Income grew by 122.24% in the last fiscal year and grew by 66.29% over the last three fiscal years, and EPS grew by -3.23% in the last fiscal year. Revenue was $6943.9M in the last fiscal year compared to $6418.3M three years ago, Operating Income was $193.8M in the last fiscal year compared to $259.0M three years ago, EPS was $(1.52) in the last fiscal year compared to $1.05 three years ago, and ROE was (3.66%) in the last year compared to 4.85% three years ago. Forward 12M Revenue is expected to grow by 2.83% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.89.

MORE FROM FORBESBeacon Roofing Supply (BECN)

Franklin Electric Co (FELE)

Franklin Electric Co is our second Top Buy of the day. The company manufactures and distributes products and systems focused on the movement and management of water and fuel, including pumps, motors, drives, and controls for residential, commercial, agricultural, industrial, and municipal applications. Our AI systems rated Franklin Electric B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.15% to $85.11 on volume of 89,094 vs its 10-day price average of $83.87 and its 22-day price average of $83.06, and is up 24.63% for the year. Revenue grew by 15.66% in the last fiscal year and grew by 11.13% over the last three fiscal years, Operating Income grew by 24.72% in the last fiscal year and grew by 21.68% over the last three fiscal years, and EPS grew by 31.31% in the last fiscal year and grew by 26.01% over the last three fiscal years. Revenue was $1247.33M in the last fiscal year compared to $1298.13M three years ago, Operating Income was $129.82M in the last fiscal year compared to $133.06M three years ago, EPS was $2.14 in the last fiscal year compared to $2.23 three years ago, and ROE was 12.28% in the last year compared to 14.65% three years ago. Forward 12M Revenue is expected to grow by 4.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 27.06. 

MORE FROM FORBESFranklin ElectricInc (FELE)

News Corp (NWSA)

News Corp is our next Top Buy. News Corp is a media and news company and is responsible for such assets as Dow Jones, News Corp Australia, News UK, the New York Post, and News America. 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 1.56% to $22.82 on volume of 2,513,518 vs its 10-day price average of $22.4 and its 22-day price average of $23.23, and is up 25.66% for the year. Revenue was $9358.0M in the last fiscal year compared to $10074.0M three years ago, Operating Income was $606.0M in the last fiscal year compared to $599.0M three years ago, EPS was $0.56 in the last fiscal year compared to $0.26 three years ago, and ROE was 4.44% in the last year compared to 2.19% three years ago. The stock is also trading with a Forward 12M P/E of 29.3.

MORE FROM FORBESNews Corp (NWSA)

Semtech Corp (SMTC)

Semtech Corp is our fourth Top Buy today. Semtech Corp is heavily involved in the semiconductor space and supplies analog and mixed-signal products. 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 1.49% to $70.96 on volume of 716,860 vs its 10-day price average of $67.42 and its 22-day price average of $65.5, and is down 0.31% for the year. Revenue grew by 13.28% in the last fiscal year and grew by 7.48% over the last three fiscal years, Operating Income grew by 40.35% in the last fiscal year and grew by 18.08% over the last three fiscal years, and EPS grew by 51.61% in the last fiscal year and grew by 35.26% over the last three fiscal years. Revenue was $595.12M in the last fiscal year compared to $627.2M three years ago, Operating Income was $74.68M in the last fiscal year compared to $88.78M three years ago, EPS was $0.91 in the last fiscal year compared to $1.02 three years ago, and ROE was 8.7% in the last year compared to 10.34% three years ago. Forward 12M Revenue is expected to grow by 5.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.31. 

MORE FROM FORBESSemtech (SMTC)

Williams-Sonoma Inc (WSM)

Williams-Sonoma Inc is our final Top Buy today. Williams-Sonoma is a significant home products retailer and operates through the following segments: Pottery Barn; West Elm; Williams Sonoma; Pottery Barn Kids and Teen; and Other. 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 down 1.85% to $183.25 on volume of 872,059 vs its 10-day price average of $175.09 and its 22-day price average of $166.59, and is up 78.0% for the year. Revenue grew by 14.32% in the last fiscal year and grew by 36.73% over the last three fiscal years, Operating Income grew by 34.87% in the last fiscal year and grew by 189.89% over the last three fiscal years, and EPS grew by 45.79% in the last fiscal year and grew by 209.93% over the last three fiscal years. Revenue was $6783.19M in the last fiscal year compared to $5671.59M three years ago, Operating Income was $949.13M in the last fiscal year compared to $441.57M three years ago, EPS was $8.61 in the last fiscal year compared to $4.05 three years ago, and ROE was 47.16% in the last year compared to 28.29% three years ago. The stock is also trading with a Forward 12M P/E of 14.34.

MORE FROM FORBESWilliams-Sonoma (WSM)

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