Home Medical stocks Best Stocks To Buy Today Amid Positive Consumer Spending Data

Best Stocks To Buy Today Amid Positive Consumer Spending Data

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The markets were trading flat as consumer spending data for July beat expectations, coming in at 6.2% in June and 8.6% in May, after falling 12.9% in April. Investors were still wary of the fact that there has been no further development on the stimulus package that is starting to look essential to drive the economy forward. However, the technology sector has been able to keep the Nasdaq composite higher in the early hours of this trading session. The deep learning algorithms by Q.ai have used Artificial Intelligence (“AI”) technology to identify several Top Buys today.

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Ameren Corp (AEE)

First, on the list today is Ameren Corp
AEE
, a company that operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Our AI technology has identified factor scores of rated B in Technical, C in Growth, A in Momentum Volatility, and C in Quality Value for the stock that is up 3.79% for the year. As for the financials, revenue was $5646.0M in the last fiscal year compared to $5909.0M three years ago. Operating income grew by 2.65% in the last fiscal year to $1357.0M, lower compared to $1454.0M three years ago. EPS registered a growth rate of 2.07% in the last fiscal year and increased by 59.78% from $2.14 three years ago to $3.35 in the last fiscal year.  There was a steady rise in ROE to 10.44% in the last year compared to 7.26% three years ago. Forward 12M revenue is expected to grow at a rate of 0.45% over the next 12 months. The stock trades with a Forward 12M P/E of 21.67.

MORE FROM FORBESAmeren (AEE)

Greif Inc (GEF)

Next on the Top Buy list, we have Greif Inc.
GEF
that produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. Our deep learning algorithms have given factor scores of B in Technical, C in Growth, C in Momentum Volatility, B in Quality Value to the stock that is down 18.38% for the year. Revenue grew by 26.05% in the last three years to $4595.0M in the last fiscal year compared to $3638.2M three years ago. Operating Income grew by 30.51% over the last three fiscal years from $333.7M to $453.3M in the last fiscal year. EPS increased at a slower rate, growing by 7.72% in the last three fiscal years to $3.55 from $2.48 three years ago. ROE grew to 16.17% in the last year compared to 13.06% three years ago. The stock trades with an attractive forward 12M P/E of 10.78.

Hain Celestial Group Inc (HAIN)

Next we have Hain Celestial Group Inc
HAIN
, a company that manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The stock is up 28.37% for the year. According to our AI tool, factor scores of D in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value have been assigned. Revenue decreased to $2053.9M in the last fiscal year from $2265.67M three years ago. Operating Income was $133.93M in the last fiscal year, which is slightly lower than $135.04 three years ago. EPS turned negative in the last fiscal year and was $(0.78) compared to $0.09 three years ago. ROE was 1.73% in the last year, lower compared to 4.33% three years ago. The stock is trading with a Forward 12M P/E of 28.58.

MORE FROM FORBESHain Celestial Group (HAIN)

Hologic Inc (HOLX)  

Hologic Inc manufactures, and supplies diagnostics products, medical imaging systems, surgical products, and light-based aesthetic and medical treatment systems for women in the United States and internationally. Our AI has assigned factor scores of C in Technical, B in Growth, B in Momentum Volatility, and B in Quality Value to the stock that has gained 18.19% for the year. Revenue grew by 7.74% over the last three fiscal years from $3058.8M three years ago to $3367.3M in the last fiscal year. At the same time, Operating Income grew by 14.48% over the last three fiscal years to $581.5 in the last fiscal year from $565.1M three years ago. EPS was $(0.76) in the last fiscal year compared to $2.64 three years ago. ROE figure reduced significantly to (8.96%) in the last year from 30.67% three years ago. Revenue in the next 12 months is projected to grow at a rate of 20.5% and the stock currently trades with a reasonable forward 12M P/E of 14.29.

MORE FROM FORBESHologic (HOLX)

Pricesmart Inc (PSMT)

Our final Top Buy today is Pricesmart Inc
PSMT
. Pricesmart Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. Our AI has given factor scores of C in Technical, B in Growth, A in Momentum Volatility, and B in Quality Value to the stock that is down 6.55% for the year. Looking at the financials, Revenue increased by 2.98% to $3223.92M in the last fiscal year compared to a growth of 10.79% from $2996.63M three years ago. Operating Income grew by 5.01% over the last fiscal year to $119.89M in the last fiscal year, lower compared to $138.1M three years ago. EPS was $2.4 in the last fiscal year growing by 7.07% in a year, but lower compared to $2.98 three years ago. ROE was 9.44% in the last year compared to 13.47% three years ago. Revenue is projected to grow by 2.23% over the next 12 months. The stock is trading with a forward 12M P/E of 23.96, indicating valuations are cheap.

MORE FROM FORBESPriceSmart (PSMT)

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https://www.forbes.com/sites/qai/2020/08/28/best-stocks-to-buy-today-amid-positive-consumer-spending-data/
https://www.forbes.com/sites/qai/2020/08/28/best-stocks-to-buy-today-amid-positive-consumer-spending-data/

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