Market

Top Stocks To Buy Today As Bond Yields Pop And Nasdaq Plummets

That rotation out of growth and into value/cyclical stocks returned in anticipation of the Fed’s big announcement on interest rates and inflation today. The Federal Reserve is set to wrap up its two-day policy meeting. Fed Chair Jerome Powell will also speak later in the day and could release new economic and interest rate forecasts. In anticipation, the 10-year yield popped to a 13-month high of 1.67%, the 30-year rate jumped to a 2.428% yield (its highest level since November 2019), and growth stocks plummeted. The Dow Jones gained 40 points, while the S&P 500 fell 0.4%, and the Nasdaq
NDAQ
dropped 1.1%. For investors looking to find the best opportunities, 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.

Mueller Water Products Inc (MWA)

Mueller Water Products
MWA
 
is today’s first Top Buy. Mueller Water Products is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in all of North America. Our AI systems rated the company D in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 2.03% to $14.03 on volume of 1,182,638 vs its 10-day price average of $13.62 and its 22-day price average of $13.21, and is up 16.43% for the year. Revenue grew by 2.57% in the last fiscal year and grew by 7.96% over the last three fiscal years, Operating Income grew by 6.08% in the last fiscal year and grew by 26.5% over the last three fiscal years, and EPS grew by 10.34% in the last fiscal year. Revenue was $964.1M in the last fiscal year compared to $916.0M three years ago, Operating Income was $133.2M in the last fiscal year compared to $111.7M three years ago, EPS was $0.45 in the last fiscal year compared to $0.66 three years ago, and ROE was 11.68% in the last year compared to 20.03% three years ago. Forward 12M Revenue is expected to grow by 0.33% over the next 12 months, and the stock is trading with a Forward 12M P/E of 24.34.  

MORE FROM FORBESMueller Water Products (MWA)

Phibro Animal Health Corp (PAHC)

Phibro Animal Health Corp is our next Top Buy. Phibro Animal Health Corp is an animal health and mineral nutrition company, and offers antibacterials, anticoccidials, anthelmintics, vaccines, and nutritional products. Our AI systems rated the company C in Technicals, B in Growth, C in Low Volatility Volatility, and B in Quality Value. The stock closed down 0.32% to $24.81 on volume of 85,658 vs its 10-day price average of $23.85 and its 22-day price average of $23.06, and is up 26.58% for the year. Operating Income grew by 6.64% in the last fiscal year, while EPS grew by 31.42% in the last fiscal year. Revenue was $800.35M in the last fiscal year compared to $819.98M three years ago, Operating Income was $67.54M in the last fiscal year compared to $101.68M three years ago, EPS was $0.83 in the last fiscal year compared to $1.61 three years ago, and ROE was 16.6% in the last year compared to 38.61% three years ago. Forward 12M Revenue is expected to grow by 2.02% over the next 12 months, and the stock is trading with a Forward 12M P/E of 20.42.

MORE FROM FORBESPhibro Animal Health (PAHC)

Prestige Consumer Healthcare (PBH)

Prestige Consumer Healthcare is our third Top Buy today. Prestige is a provider and distributor of  over-the-counter healthcare products and household cleaning goods. Prestige is best known for brands such as Chloraseptic, Clear Eyes, Compound W wart treatment, Dramamine motion sickness treatment, Efferdent denture care, Luden’s throat drops, BC Powder and Goody’s Headache Powder, Comet and Spic and Span. Our AI systems rated the company D in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.57% to $46.88 on volume of 198,590 vs its 10-day price average of $45.32 and its 22-day price average of $43.54, and is up 29.65% for the year. Operating Income grew by 3.07% in the last fiscal year, while EPS grew by 17.98% in the last fiscal year. Revenue was $963.01M in the last fiscal year compared to $1041.18M three years ago, Operating Income was $300.36M in the last fiscal year compared to $322.3M three years ago, EPS was $2.78 in the last fiscal year compared to $6.34 three years ago, and ROE was 12.55% in the last year compared to 33.94% three years ago. Forward 12M Revenue is expected to grow by 0.58% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.76.

MORE FROM FORBESPrestige Brands Holdings

Procter & Gamble Co (PG)

Consumer products giant Procter & Gamble is our next Top Buy of the day. The multinational conglomerate focuses on personal health/consumer health, hygiene products, and consumer goods. Procter & Gamble’s subsidiaries also consist of well known brands such as Gillette, Braun, Duracell, and more. Our AI systems rated the company A in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.3% to $128.94 on volume of 6,484,750 vs its 10-day price average of $126.47 and its 22-day price average of $126.61, and is down 5.88% for the year. Revenue grew by 4.26% in the last fiscal year and grew by 10.69% over the last three fiscal years, Operating Income grew by 10.36% in the last fiscal year and grew by 33.56% over the last three fiscal years, and EPS grew by 6.68% in the last fiscal year and grew by 44.21% over the last three fiscal years. Revenue was $70950.0M in the last fiscal year compared to $66832.0M three years ago, Operating Income was $16172.0M in the last fiscal year compared to $13363.0M three years ago, EPS was $4.96 in the last fiscal year compared to $3.67 three years ago, and ROE was 27.74% in the last year compared to 18.15% three years ago. Forward 12M Revenue is expected to grow by 1.19% over the next 12 months, and the stock is trading with a Forward 12M P/E of 22.1.

MORE FROM FORBESProcter & Gamble (PG)

Strategic Education Inc (STRA) 

Strategic Education Inc is our final Top Buy today. Strategic Education Inc is a holding company best known for owning online universities Capella University and Strayer University. Strategic Education owns a portfolio of coding schools as well such as DevMountain, Generation Code, Hackbright Academy, and The New York Code + Design Academy. Our AI systems rated the company C in Technicals, C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.57% to $86.47 on volume of 93,111 vs its 10-day price average of $83.99 and its 22-day price average of $87.54, and is down 5.14% for the year. Revenue was $1027.65M in the last fiscal year compared to $634.18M three years ago, Operating Income was $135.54M in the last fiscal year compared to $42.91M three years ago, EPS was $3.77 in the last fiscal year compared to $(1.03) three years ago, and ROE was 5.37% in the last year compared to (1.92%) three years ago. The stock is also trading with a Forward 12M P/E of 14.38.

MORE FROM FORBESStrayer Education (STRA)

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