Top Stocks To Buy Today As Dow Briefly Hits Record High – Forbes


Joe Biden is now officially the president and investors seem to be excited about it. Stocks hit fresh record highs on his inauguration day yesterday, but traded more muted today. Despite jobless claims that came in at 900,000 vs. the estimate of 925,000, there are some concerns of overstretched valuations and a stuttering economic recovery. United Airlines, for example, declined by 5.7% after missing on its quarterly earnings. United also cautioned investors that sales would continue to suffer in the early part of 2021 as the pandemic drags on. Despite this, investors remain bullish on President Biden’s economic stimulus plans and his vaccine distribution blueprint. The Dow Jones dropped 20 points, the S&P 500 was flat, and the Nasdaq climbed 0.1% towards another record. 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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Boise Cascade Co (BCC)

Boise Cascade Co is our first Top Buy today. Boise Cascade manufactures wood products and is also a wholesale distributor of building materials. With a weak dollar to coincide with low interest rates, Boise Cade could have a strong 2021. Our AI systems rated the company B in Technicals, A in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.77% to $50.47 on volume of 320,214 vs its 10-day price average of $49.93 and its 22-day price average of $49.24, and is up 5.61% for the year. Revenue grew by 9.93% in the last fiscal year and grew by 15.17% over the last three fiscal years, Operating Income grew by 106.7% in the last fiscal year and grew by 95.33% over the last three fiscal years, and EPS grew by 101.51% in the last fiscal year and grew by 95.81% over the last three fiscal years. Revenue was $4643.4M in the last fiscal year compared to $4431.99M three years ago, Operating Income was $133.2M in the last fiscal year compared to $140.95M three years ago, EPS was $2.06 in the last fiscal year compared to $2.12 three years ago, and ROE was 11.78% in the last year compared to 13.22% three years ago. The stock is also trading with a Forward 12M P/E of 14.65.

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MORE FROM FORBESBoise Cascade (BCC)

Cannae Holdings Inc (CNNE)

Our second Top Buy for the second consecutive 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 1.04% to $41.85 on volume of 930,885 vs its 10-day price average of $43.63 and its 22-day price average of $43.6, and is down 2.95% 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)

Computer Task Group Inc (CTG)

Computer Task Group is our next Top Buy. Computer Task group is a Buffalo, NY based information technology staffing company. Our AI systems rated the company B in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.15% to $6.76 on volume of 19,912 vs its 10-day price average of $6.73 and its 22-day price average of $6.58, and is up 6.29% for the year. Revenue grew by 20.87% over the last three fiscal years, Operating Income grew by 18.9% in the last fiscal year, and grew by 77.4% over the last three fiscal years, and EPS grew by 75.61% in the last fiscal year and grew by 918.53% over the last three fiscal years. Revenue was $394.17M in the last fiscal year compared to $301.21M three years ago, Operating Income was $7.41M in the last fiscal year compared to $4.97M three years ago, EPS was $0.29 in the last fiscal year compared to $0.05 three years ago, and ROE was 6.32% in the last year compared to 1.02% three years ago. Forward 12M Revenue is expected to grow by 1.89% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.33.

MORE FROM FORBESComputer Task Group (CTG)

Idacorp Inc (IDA)

Idacorp is our fourth Top Buy for the day. 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 up 0.04% to $89.51 on volume of 249,537 vs its 10-day price average of $89.87 and its 22-day price average of $92.34, and is down 2.48% 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 19.24.

MORE FROM FORBESIdacorp (IDA)

Progress Software Corp (PRGS)

Progress Software Corp is our final Top Buy today. Progress Software is a tech company that deploys business applications such as adaptive user experiences, mobility and serverless cloud, cognitive services, data connectivity and integration, and web experience management. Our AI systems rated the company C in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.78% to $41.85 on volume of 521,501 vs its 10-day price average of $46.17 and its 22-day price average of $45.16, and is down 5.93% for the year. Revenue was $442.15M in the last fiscal year compared to $378.98 three years ago, Operating Income was $117.27M in the last fiscal year compared to $76.94 three years ago, EPS was $1.76 in the last fiscal year compared to $1.08 three years ago, and ROE was 23.58% in the last year compared to 14.19% three years ago. The stock is also trading with a Forward 12M P/E of 12.89.

MORE FROM FORBESProgress Software (PRGS)

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