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Mixed earnings, intensifying speculative behavior among retail investors, and anticipation of the Fed’s policy announcement, put stocks firmly in the red on Wednesday. The Dow Jones lost 420 points, or 1.4%, the S&P 500 dropped 1.7%, and the Nasdaq NDAQ declined nearly 2%. Microsoft’s MSFT earnings impressed, but Boeing’s BA and Starbucks SBUX ’ disappointed and led the broader market downwards. AMD also sharply sold off despite boasting a record quarter and record year. The way heavily shorted names such as GameStop GME and AMC have been pushed higher by retail investors is also raising significant concerns in Wall Street. day traders in online chat rooms. GameStop shares more than doubled on Wednesday, while AMC was up more than 300%. Investors are also eagerly anticipating comments from Fed Chairman Jerome Powell on the economic outlook, potential monetary actions, and decisions on the interest rate. 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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Cable One Inc (CABO)
Cable One Inc CABO is our first Top Buy today. Cable One, which recently rebranded itself as “Sparklight” is a broadband communications provider. Our AI systems rated Cable One Inc A in Technicals, B in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 2.03% to $2025.99 on volume of 20,832 vs its 10-day price average of $2018.33 and its 22-day price average of $2104.43, and is down 5.87% for the year. Revenue grew by 11.92% in the last fiscal year and grew by 36.17% over the last three fiscal years, Operating Income grew by 14.26% in the last fiscal year and grew by 53.99% over the last three fiscal years, and EPS grew by 37.97% in the last fiscal year and grew by 4.93% over the last three fiscal years. Revenue was $1168.0M in the last fiscal year compared to $959.96M three years ago, Operating Income was $327.23M in the last fiscal year compared to $242.81M three years ago, EPS was $31.12 in the last fiscal year compared to $40.92 three years ago, and ROE was 22.09% in the last year compared to 41.05% three years ago. Forward 12M Revenue is expected to grow by 3.44% over the next 12 months, and the stock is trading with a Forward 12M P/E of 41.88.
Simple Moving Average of Cable One Inc
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Dollar Tree Inc (DLTR)
Dollar Tree DLTR is our second 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 0.63% to $105.7 on volume of 1,545,622 vs its 10-day price average of $108.83 and its 22-day price average of $109.32, and is down 1.16% 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 17.41.
Simple Moving Average of Dollar Tree Inc
stockchartsIdacorp Inc (IDA)
Idacorp IDA is our third Top Buy today. Idacorp is an electric utility holding company composed of Idaho Power Company, IDACORP Financial and Ida-West Energy. Our AI systems rated the company D in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed udown 0.23% to $90.18 on volume of 463,052 vs its 10-day price average of $89.87 and its 22-day price average of $91.31, and is down 1.75% for the year. Operating Income grew by 3.84% in the last fiscal year, while EPS grew by 5.86% in the last fiscal year and grew by 15.92% over the last three fiscal years. Revenue was $1346.38M in the last fiscal year compared to $1349.49M three years ago, Operating Income was $287.35M in the last fiscal year compared to $304.35M three years ago, EPS was $4.61 in the last fiscal year compared to $4.21 three years ago, and ROE was 9.63% in the last year compared to 9.66% three years ago. The stock is also trading with a Forward 12M P/E of 19.25.
Simple Moving Average of Idacorp Inc
stockchartsKeurig Dr Pepper Inc (KDP)
Keurig Dr Pepper is our next Top Buy for the day. A leading producer of both hot and cold beverages, this company owns and operates the Dr. Pepper soda brand, as well as Green Mountain Coffee Roasters, and Keurig brewers. Our AI systems rated the beverage conglomerate B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.87% to $32.63 on volume of 7,078,400 vs its 10-day price average of $31.79 and its 22-day price average of $31.73, and is up 3.78% for the year. Revenue grew by 2.8% in the last fiscal year and grew by 144.25% over the last three fiscal years, Operating Income grew by 5.74% in the last fiscal year and grew by 201.7% over the last three fiscal years, and EPS grew by 3.4% in the last fiscal year. Revenue was $11120.0M in the last fiscal year compared to $4680.0M three years ago, Operating Income was $2682.0M in the last fiscal year compared to $940.0M three years ago, EPS was $0.88 in the last fiscal year compared to $3.06 three years ago, and ROE was 5.48% in the last year. Forward 12M Revenue is expected to grow by 2.7% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.15.
Simple Moving Average of Keurig Dr Pepper Inc
stockchartsNeogen Corp (NEOG)
Neogen Corp NEOG is our final Top Buy for today. The company is an international food safety business that provides test kits and other products to detect dangerous substances in food. Our AI systems rated Neogen A in Technicals, C in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.39% to $87.06 on volume of 193,507 vs its 10-day price average of $84.62 and its 22-day price average of $82.88, and is up 11.03% for the year. Revenue grew by 3.61% in the last fiscal year and grew by 8.88% over the last three fiscal years, Operating Income grew by 5.34% in the last fiscal year and grew by 1.33% over the last three fiscal years, and EPS grew by 0.89% in the last fiscal year. Revenue was $418.17M in the last fiscal year compared to $397.93M three years ago, Operating Income was $67.52M in the last fiscal year compared to $70.19M three years ago, EPS was $1.13 in the last fiscal year compared to $1.21 three years ago, and ROE was 8.73% in the last year compared to 12.25% three years ago. Forward 12M Revenue is expected to grow by 3.81% over the next 12 months, and the stock is trading with a Forward 12M P/E of 69.46.
SImple Moving Average of Neogen Corp
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The Link LonkJanuary 28, 2021 at 03:04AM
https://www.forbes.com/sites/qai/2021/01/27/top-stocks-to-buy-today-as-mixed-earnings-send-markets-downward/
Top Stocks To Buy Today As Mixed Earnings Send Markets Downward - Forbes
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