Top Stocks To Buy Today As Dow Trades Higher Despite Disappointing Jobless Data

Although jobless claims data jumped to 965,000 last week, and beat the estimate of 800,000, Biden stimulus excitement and more positive vaccine news sent stocks higher. After trading largely sideways for the week, the Dow popped 150 points, or 0.5%, while the S&P 500 rose 0.2%, and the Nasdaq

NDAQ
gained 0.4%. Although Trump’s impeachment garnered most of the attention Wednesday, the focus shifted Thursday on a potential Biden-led stimulus package. Investors are anxiously anticipating a stimulus proposal that could be announced as early as tonight, and be as large as $2 trillion. The package is expected to include larger direct payments to Americans, an extension of increased unemployment insurance, and support for state and local governments. Investors also cheered Johnson & Johnson’s

JNJ
initial trial results for its one-dose vaccine candidate. Johnson & Johnson’s potential vaccine appears to be safe and seemingly generates a promising immune response. It also does not need to be stored at ultra-cold temperatures like Pfizer

PFE
and Moderna’s vaccine 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 is our first Top Buy today. Cable One, which recently rebranded itself as “Sparklight

CABO
” 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 1.25% to $1977.39 on volume of 66,589 vs its 10-day price average of $2103.98 and its 22-day price average of $2163.88, and is down 8.12% 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 40.88.

MORE FROM FORBESCable One (CABO)

Meritage Homes Corp (MTH)

Mertiage Homes Corp

MTH
 is our second Top Buy. Meritage Homes is a real estate development company focused on single-family detached homes, and active adult communities and luxury real estate in the Arizona market. Our AI systems rated the company B in Technicals, A in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.46% to $81.81 on volume of 372,751 vs its 10-day price average of $82.29 and its 22-day price average of $84.5, and is down 0.35% for the year. Revenue grew by 15.28% in the last fiscal year and grew by 30.43% over the last three fiscal years, Operating Income grew by 45.16% in the last fiscal year and grew by 83.03% over the last three fiscal years, and EPS grew by 51.06% in the last fiscal year and grew by 184.0% over the last three fiscal years. Revenue was $3666.94M in the last fiscal year compared to $3240.98M three years ago, Operating Income was $314.67M in the last fiscal year compared to $249.57M three years ago, EPS was $6.42 in the last fiscal year compared to $3.41 three years ago, and ROE was 13.51% in the last year compared to 9.56% three years ago. Forward 12M Revenue is expected to grow by 14.95% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.57.

MORE FROM FORBESMeritage Homes (MTH)

Sirius Xm Holdings Inc (SIRI)

Sirius Xm Holdings is our next Top Buy. Sirius Xm is a broadcast company that provides satellite radio and online radio services. Currently, it has around 35 million subscribers. Our AI systems rated the company C in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.17% to $5.89 on volume of 39,222,073 vs its 10-day price average of $6.17 and its 22-day price average of $6.27, and is down 4.54% for the year. Revenue grew by 1.53% in the last fiscal year and grew by 45.86% over the last three fiscal years, Operating Income grew by 1.65% in the last fiscal year and grew by 5.87% over the last three fiscal years, and EPS grew by 18.37% in the last fiscal year and grew by 69.04% over the last three fiscal years. Revenue was $7794.0M in the last fiscal year compared to $5425.0M three years ago, Operating Income was $1756.0M in the last fiscal year compared to $1686.0M three years ago, and EPS was $0.2 in the last fiscal year compared to $0.14 three years ago. Forward 12M Revenue is expected to grow by 3.86% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.51.

MORE FROM FORBESSirius XM Radio (SIRI)

Taylor Morrison Home Corp (TMHC)

Taylor Morrison Home Corp

TMHC
is our fourth Top Buy for the day. Taylor Morrison is one of the largest homebuilding companies in the U.S., and focuses on mid-to-upscale housing as well as first-time and mid-market homes. Our AI systems rated Taylor Morrison B in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.4% to $24.63 on volume of 1,157,243 vs its 10-day price average of $25.03 and its 22-day price average of $25.8, and is down 0.85% for the year. Revenue grew by 26.8% in the last fiscal year and grew by 55.41% over the last three fiscal years, Operating Income grew by 13.81% in the last fiscal year and grew by 26.17% over the last three fiscal years, and EPS grew by 12.5% over the last three fiscal years. Revenue was $4762.06M in the last fiscal year compared to $3885.29M three years ago, Operating Income was $386.34M in the last fiscal year compared to $348.49M three years ago, EPS was $2.35 in the last fiscal year compared to $1.47 three years ago, and ROE was 10.27% in the last year compared to 7.84% three years ago. Forward 12M Revenue is expected to grow by 10.55% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.72.

MORE FROM FORBESTaylor Morrison Home (TMHC)

Unifirst Corp (UNF)

Unifirst Corp

UNF
is our final Top Buy today. Unifirst Corp is a uniform rental company that manufactures, sells, and rents uniforms and protective clothing. Our AI systems rated Unifirst C in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.32% to $215.53 on volume of 102,937 vs its 10-day price average of $215.04 and its 22-day price average of $210.57, and is up 2.63% for the year. Revenue grew by 5.25% over the last three fiscal years and was $1804.16M in the last fiscal year compared to $1696.49M three years ago. Operating Income was $172.73M in the last fiscal year compared to $189.58M three years ago, EPS was $7.13 in the last fiscal year compared to $8.21 three years ago, and ROE was 8.03% in the last year compared to 11.23% three years ago. Forward 12M Revenue is expected to grow by 0.38% over the next 12 months, and the stock is trading with a Forward 12M P/E of 29.12.

MORE FROM FORBESUnifirst (UNF)

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Source: https://www.forbes.com/sites/qai/2021/01/14/top-stocks-to-buy-today-as-dow-trades-higher-despite-disappointing-jobless-data/