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Top Stocks To Buy Today As S&P And Nasdaq Hit Record Highs


Led by strong corporate earnings from some blue chip stocks on the day of Joe Biden’s inauguration, the S&P and Nasdaq

NDAQ
reached record highs. The indices also gained for the second day in a row. The Dow Jones rose 188 points, the S&P 500 gained 1%, and the Nasdaq jumped 1.3%. Netflix

NFLX
led the Nasdaq higher after popping more than 13% after reporting strong subscriber growth and said its consideration of share buybacks. Disney also gained more than 2% following Netflix’s strong announcement, while Morgan Stanley

MS
also gained 2.2% on stronger than expected earnings. Hopes of a more significant stimulus and a quickening vaccine roll-out as Joe Biden preps to take office helped market sentiment as well. For investors looking to make the most of this market, 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 long plays.

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Adobe Inc (ADBE)

Adobe Inc

ADBE
is our first Top Buy of the day. 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 big 2021 ahead. Our AI systems rated Adobe D in Technicals, A in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.34% to $456.5 on volume of 4,394,461 vs its 10-day price average of $471.06 and its 22-day price average of $485.55, and is down 5.94% for the year. 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. The stock is also trading with a Forward 12M P/E of 40.59. 

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MORE FROM FORBESAdobe (ADBE)

Cannae Holdings Inc (CNNE)

Our second Top Buy for the day is Cannae Holdings. Cannae Holdings is an investment holding company with investments in industries such as restaurants, technology enabled healthcare services, financial services and more. 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 down 1.08% to $42.29 on volume of 480,382 vs its 10-day price average of $43.69 and its 22-day price average of $43.74, and is down 1.92% for the year. EPS grew by 1368.31% in the last fiscal year and grew by 919.48% over the last three fiscal years. Revenue was $1070.0M in the last fiscal year compared to $1156.6M three years ago, Operating Income was $(62.4)M in the last fiscal year compared to $(67.7)M three years ago, EPS was $1.07 in the last fiscal year compared to $1.54 three years ago, and ROE was 7.22% in the last year compared to (5.24%) three years ago. Forward 12M Revenue is also expected to grow by 15.34% over the next 12 months.

MORE FROM FORBESCannae Holdings (CNNE)

Dollar Tree Inc (DLTR)

Dollar Tree

DLTR
is our third Top Buy for the day. Dollar Tree is a discount variety retailer that sells items for $1 or less. The company also operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Our AI systems rated Dollar Tree C in Technicals, C in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.27% to $108.05 on volume of 1,733,332 vs its 10-day price average of $111.33 and its 22-day price average of $110.36, and is up 1.04% for the year. Revenue grew by 6.12% in the last fiscal year and grew by 12.64% over the last three fiscal years, Operating Income grew by 28.26% in the last fiscal year and grew by 1.37% over the last three fiscal years, and EPS grew by 16.68% in the last fiscal year. Revenue was $23610.8M in the last fiscal year compared to $22245.5M three years ago, Operating Income was $1584.3M in the last fiscal year compared to $2004.7M three years ago, EPS was $3.47 in the last fiscal year compared to $7.21 three years ago, and ROE was 13.9% in the last year compared to 27.27% three years ago. Forward 12M Revenue is expected to grow by 1.71% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.8.

MORE FROM FORBESDollar Tree (DLTR)

Lululemon Athletica Inc (LULU)

Lululemon Athletica Inc is our next Top Buy. Lululemon, which began as a yoga apparel retailer, has evolved into an international athletic wear retailer with a significant presence both online and in 460 stores. Our AI systems rated Lululemon B in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.65% to $342.25 on volume of 1,198,642 vs its 10-day price average of $356.77 and its 22-day price average of $358.85, and is down 3.97% for the year. Revenue grew by 2.27% in the last fiscal year and grew by 53.63% over the last three fiscal years, Operating Income grew by 54.29% over the last three fiscal years, and EPS grew by 124.27% over the last three fiscal years. Revenue was $3979.3M in the last fiscal year compared to $2649.18M three years ago, Operating Income was $890.62M in the last fiscal year compared to $495.91M three years ago, EPS was $4.93 in the last fiscal year compared to $1.9 three years ago, and ROE was 38.0% in the last year compared to 17.5% three years ago. Forward 12M Revenue is expected to grow by 18.44% over the next 12 months, and the stock is trading with a Forward 12M P/E of 57.15.

MORE FROM FORBESLululemon Athletica (LULU)

Hostess Brands Inc (TWNK)

Hostess Brands Inc

TWNK
is our final Top Buy today. Hostess Brands is a snack goods and bakery company that produces foods under the Hostess and Dolly Madison brand names. It’s best known for its “Twinkie” product, which is where the stock ticker gets its name from. Our AI systems rated the company C in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.22% to $13.71 on volume of 1,146,732 vs its 10-day price average of $14.3 and its 22-day price average of $14.23, and is down 5.12% for the year. Revenue grew by 7.66% in the last fiscal year and grew by 25.9% over the last three fiscal years, while Operating Income grew by 8.49% in the last fiscal year. Revenue was $907.68M in the last fiscal year compared to $776.19M three years ago, Operating Income was $133.93M in the last fiscal year compared to $183.77M three years ago, EPS was $0.55 in the last fiscal year compared to $2.13 three years ago, and ROE was 4.96% in the last year compared to 19.09% three years ago. Forward 12M Revenue is expected to grow by 2.28% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.12.

MORE FROM FORBESHostess Brands (TWNK)

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