Market

Aci Worldwide Inc Ranked Among Today’s Top Buys

As sharp as the selloff was yesterday, it appears market participants are using the pullback as a buying opportunity today. The Dow was up 1.25%, the S&P 500 climbed 0.8%, and the Nasdaq put up a gain of just under 0.4%. Yesterday’s selloff was largely due to concerns over the Delta variant of Covid-19 spreading more intensely than estimated and affecting economic growth, but today those appear to be abated. It wasn’t far from all-time highs regardless, as after the selloff yesterday the S&P 500 was still only a mere 3.1% below the prior peak. One thing to keep an eye on is that 10-year Treasury yield, which dropped to below 1.14% on Monday, a 5-month low. That is signaling slower global growth despite economies reopening with vaccination drives. Bitcoin and crypto was also in the news, as the cryptocurrency fell below $30,000 overnight. This may not affect overall sentiment by itself, but a selloff in speculative assets could signal more trouble ahead. That being said, a lower discount rate would also help long-term assets, and fiscal and monetary stimulus aren’t slowing anytime soon. 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 Top Buys.  

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Aci Worldwide Inc (ACIW) 

Aci Worldwide Inc is today’s first Top Buy. The company develops, markets, and installs a portfolio of software products primarily focused on facilitating electronic payments. Our AI systems rated the company B in Technicals, C in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed down 1.41% to $34.86 on volume of 565,572 vs its 10-day price average of $36.44 and its 22-day price average of $37.23, and is down 7.97% for the year. Revenue grew by 27.55% over the last three fiscal years, Operating Income grew by 4.05% in the last fiscal year and grew by 56.47% over the last three fiscal years, while EPS grew by 29.66% in the last fiscal year and grew by 36.25% over the last three fiscal years. Revenue was $1294.32M in the last fiscal year compared to $1009.78M three years ago, Operating Income was $189.34M in the last fiscal year compared to $125.91M three years ago, EPS was $0.62 in the last fiscal year compared to $0.59 three years ago. ROE was 6.22% in the last year compared to 7.6% three years ago. Forward 12M Revenue is expected to grow by 1.16% over the next 12 months and the stock is trading with a Forward 12M P/E of 17.98.

MORE FROM FORBESACI Worldwide (ACIW)

Asgn Inc (ASGN)

Asgn Inc is our second Top Buy today. Asgn is a global provider of skilled professional staffing in the technology, life sciences, and creative fields across commercial and government sectors. Our AI systems rated the company C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.79% to $93.36 on volume of 213,111 vs its 10-day price average of $95.23 and its 22-day price average of $96.02, and is up 15.89% for the year. Revenue grew by 0.89% in the last fiscal year and grew by 17.24% over the last three fiscal years, Operating Income grew by 1.26% in the last fiscal year and grew by 15.47% over the last three fiscal years, while EPS grew by 2.38% in the last fiscal year and grew by 29.18% over the last three fiscal years. Revenue was $3950.6M in the last fiscal year compared to $3399.8M three years ago, Operating Income was $310.4M in the last fiscal year compared to $272.2M three years ago, and EPS was $3.76 in the last fiscal year compared to $2.98 three years ago. ROE was 13.52% in the last year which compares to 14.54% three years ago. Forward 12M Revenue is expected to grow by 2.58% over the next 12 months and the stock is trading with a Forward 12M P/E of 18.78.

MORE FROM FORBESAsgn (ASGN)

Masonite International Corp (DOOR)

Masonite International Corp is our second Top Buy today. Masonite manufactures and sells doors in the construction, renovation, and remodeling industries. Our AI systems rated the company D in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.32% to $105.13 on volume of 154,819 vs its 10-day price average of $110.08 and its 22-day price average of $110.97, and is up 9.51% for the year. Revenue grew by 4.21% in the last fiscal year and grew by 8.39% over the last three fiscal years, Operating Income grew by 8.44% in the last fiscal year and grew by 58.3% over the last three fiscal years, while EPS grew by 25.11% in the last fiscal year and grew by 4.07% over the last three fiscal years. Revenue was $2257.07M in the last fiscal year compared to $2170.1M three years ago, Operating Income was $249.46M in the last fiscal year compared to $170.9M three years ago, and EPS was $2.77 in the last fiscal year which compares to $3.33 three years ago. ROE was 11.06% in the last year compared to 14.22% three years ago. Forward 12M Revenue is expected to grow by 1.2% over the next 12 months and the stock is trading with a Forward 12M P/E of 11.74. 

MORE FROM FORBESMasonite International (DOOR)

Matson Inc (MATX)

Matson Inc is our fourth Top Buy today. The company is engaged in providing ocean transportation and logistics services. Our AI systems rated the company D in Technicals, A in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.91% to $64.09 on volume of 441,839 vs its 10-day price average of $65.12 and its 22-day price average of $64.3, and is up 13.05% for the year. Revenue grew by 8.3% in the last fiscal year and grew by 16.12% over the last three fiscal years, Operating Income grew by 39.53% in the last fiscal year and grew by 177.46% over the last three fiscal years, while EPS grew by 42.7% in the last fiscal year and grew by 150.43% over the last three fiscal years. Revenue was $2383.3M in the last fiscal year compared to $2222.8M three years ago, Operating Income was $260.3M in the last fiscal year compared to $130.9M three years ago, while EPS was $4.44 in the last fiscal year compared to $2.53 three years ago. ROE was 21.86% in the last year which compares to 15.22% three years ago. The stock is trading with a Forward 12M P/E of 6.17. 

MORE FROM FORBESMatson (MATX)

Werner Enterprises Inc (WERN)

Werner Enterprises Inc is our fifth and final Top Buy today. The company ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. Our AI systems rated the company D in Technicals, B in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 2.11% to $43.98 on volume of 414,718 vs its 10-day price average of $44.77 and its 22-day price average of $44.47, and is up 13.35% for the year. Revenue grew by 1.0% in the last fiscal year, Operating Income grew by 9.69% in the last fiscal year and grew by 26.94% over the last three fiscal years, while EPS grew by 14.4% in the last fiscal year and grew by 19.8% over the last three fiscal years. Revenue was $2372.18M in the last fiscal year compared to $2457.91M three years ago, Operating Income was $230.67M in the last fiscal year compared to $199.32M three years ago, and EPS was $2.44 in the last fiscal year compared to $2.33 three years ago. ROE was 14.66% in the last year, which compares to 13.73% three years ago. Forward 12M Revenue is expected to grow by 2.27% over the next 12 months and the stock is trading with a Forward 12M P/E of 12.19.

MORE FROM FORBESWerner Enterprises (WERN)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI-driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Most Related Links :
todayprimenews Governmental News Finance News

Source link

Back to top button