The markets continue to extend their loss after showing some positive signs in the early session of trade. Correction in tech stocks was putting pressure on the Nasdaq

NDAQ
after hitting record highs yesterday. Even as the economy prepares for job cuts, a report from the Labor Department showed a declining trend in new and continuing claims for unemployment this morning. Mortgage rates almost fell to an all-time low, suggesting that further support could be required to revive the housing market despite the cheaper rates. Our deep learning algorithms have gone through the data and used Artificial Intelligence (“AI”) to help you spot the Top Buys for today.

Azz Inc (AZZ)

First on the list today is Azz Inc, a company operating in two segments, namely Energy and Metal Coatings. It provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. Our AI technology has identified factor scores of rated C in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value for the stock that is down 26.72% for the year. As for the financials, revenue grew by 21.67% over the last three years to $1061.8M in comparison to $810.4M three years ago. Operating income saw a sharper rise growing by 53.13% in three years to $107.2M in the last fiscal year from $59.1M three years ago. EPS grew from $1.73 three years ago to $1.84 in the last fiscal year. ROE fell to 7.8% in the last year compared to 8.2% three years ago. Forward 12M revenue is expected grow at a rate of 3.51% over the next 12 months. The stock trades with a reasonable Forward 12M P/E of 13.53.

Discovery Inc (DISCA)

Next on the buy list is Discovery Inc

DISCA
, a recognized media company operating in the US and globally. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network and many more. Our AI has assigned factor scores of A in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value for the stock that has lost 37.26% for the year and should fare better in the latter half of the year. Revenue grew by 61.79% over the last three years to $11144M in the last fiscal year, compared to $6873M three years ago. Operating Income grew by 0.24% in the last fiscal year to $3283M, growing by 47.58% from $2230M three years ago. EPS grew by 1.21% to $2.48 in the last fiscal year, growing by 525.42% from a negative value of $(0.59) three years ago. ROE grew to 19.7% in the last year, compared to (6%) three years ago, marking a significant improvement. The stock seems to be attractively valued and is trading with a Forward 12M P/E of 7.03.

Esco Technologies Inc (ESE)

Our AI technology has assigned Esco Technologies Inc with factor scores of D in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value. Esco Technologies produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The stock is down 12.87% for the year. As for the financials, Revenue grew by 2.16% in the last fiscal year to $813M, growing by 21.13% over the last three years from $685.7M.Operating income grew by 30.8% over the last three fiscal years from $84.1M to$112.9M in the last fiscal year . EPS grew by 84.52% to $3.1 in the last fiscal year, compared to a growth rate of 176.33% from $2.07 three years ago. ROE improved to 10.2% in the last year higher compared to 8.3% three years ago. Revenue is expected to grow by 2.98% in the next 12 months and the stock is trading at Forward 12M P/E of 30.34.

Forward Air Corp (FWRD)

Next on our list of Top Buy list is Forward Air Corp, with factor scores of C in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value. Forward Air operates as an asset-light freight and logistics company in the United State and Canada. The company operates through three segments: Expedited Freight, Intermodal, and Pool Distribution. The stock is down 31.64% for the year. Looking at the financials, Revenue grew by 1.49%% in the last fiscal year to $1410.4M, growing by 22.42% over the last three fiscal years from $1169.3M. Operating Income grew to $119.9M in the last fiscal year compared to $110M three years ago. EPS also increased from $2.89 three years ago to $3.04 in the last fiscal year. ROE dropped from 16.9% three years ago to 15.4% in the last year but it continues to be high. The stock is trading with a Forward 12M P/E of 31.34.

HD Supply Holdings Inc (HDS)

Finally, we have HD Supply Holdings Inc

HDS
 as the last entry in our list of Top Buys. HD Supply Holdings Inc operates as an industrial distributor in North America. It operates in two segments, Facilities Maintenance, and Construction & Industrial. The stock is down 16.84%. Our AI systems have identified factor scores of rated C in Technical, B in Growth, B in Momentum Volatility, and B in Quality Value. As for the financials, revenue grew by 1.64% in the last fiscal year to $6047M, which is a growth of 27.54% over the last three fiscal years from $4819M. Operating Income grew by 28.67% over the last three fiscal years from $572M to $739M in the last fiscal year. EPS was $2.17 and grew by 24.88% in the last fiscal year, growing by 179.38% over the last three fiscal years from $0.97. ROE multiplied almost 4 times from a level of 7.7% three years ago to28.5% in the last year. Forward 12M Revenue is expected to grow by 1.48% over the next 12 months. The stock is available at an attractive valuation with a Forward 12M P/E of 12.35.



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