Best stock to buy today as Nasdaq sets a new Intraday Record

The US markets are looking for a new week of profit this morning after strong economic data. Household data showed that sales of previously owned homes went above expectations amid low mortgage rates. Business activity also picks up in the services and manufacturing sector as revealed in the US Composite PMI Index by HIS Markit. Meanwhile, technology stocks continued on their bull run, and so did the Financials and Industrials sectors. Whether ratings are increased or not may depend on how you view them in the midst of interest rate hikes. Q.ai uses deep learning algorithms combined with Artificial Intelligence (“AI”) technology to identify various Top Buys today.

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Cardinal Health Inc (CAH)

The first company on our list of Top Buys is Cardinal Health Inc
CAH
, a company that operates as an integrated company for healthcare services and products in the United States and internationally. It offers customized solutions for hospitals, healthcare systems, pharmacies, outpatient surgery centers, clinical laboratories, and physician offices. Our AI algorithms have identified factor scores of A in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value for the stock which is up 0.14% this year. The company’s revenue grew in three years to $ 152922.0M in the last fiscal year compared to $ 136809.0M three years ago. Operating income in the last fiscal year was $ 1779.0M, up from $ 1985.0M three years ago. EPS decreased to $ (12.61) in the last fiscal year compared to $ 0.81 three years ago. ROE also fell and was (90.94%) last year, lower than 3.98% three years ago. Rating looks cheap because the stock is trading at a Forward 12M P / E of 9.15.

MORE OF FORBESCardinal Health (CAH)

International Business Machines Corp (IBM)

International Business Machines Corp. is next on the list, operating as an integrated company for solutions and services worldwide. Our deep learning algorithms have given factor scores of B in Technical, C in Growth, B in Momentum Volatility, and B in Quality Value. The stock is down 9.06% for the year, a departure from the performance of other major players in the technology sector. In terms of finances, revenue fell to $ 77147.0M in the last fiscal year when compared to $ 79139.0M three years ago. Operating income was $ 10785.0M last fiscal year, lower than $ 11682.0M three years ago. However, EPS grew in 43 fiscal years by 43.61% to $ 10.57 in the last fiscal year compared to $ 6.14 three years ago. Finally, ROE improved significantly last year to 49.77%, higher compared to 31.89% three years ago. Revenue growth is expected to be flat over the next 12 months at a rate of 0.65% and the stock is trading at a forward 12M P / E of 10.56. IBM is certainly one of those rare stocks in the technology sector that has a reasonable rating.

MORE OF FORBESIBM (IBM)

Msg Networks Inc (MSGN)

Msg Networks Inc. participates in the production of sports, and business development and distribution companies in the United States. The company owns and operates MSG Network and MSG +, which are regional sports and entertainment networks. Our AI has assigned factor scores of A in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value to the stock which has lost 41.68% for the year and is expected to do better. In terms of finances, revenue in the last fiscal year was $ 685.8M, slightly lower than $ 696.65M three years ago. Business income also fell slightly to $ 293.94M in the last fiscal year from $ 311.45M three years ago. EPS fell to $ 2.92 in the last fiscal year from $ 3.81 three years ago. It is one of another stock with an attractive rating and trading with a forward 12M P / E of 3.85, suggesting that the rating is cheap.

MORE OF FORBESMSG Networks (MSGN)

Sempra Energy (SRE)

Sempra Energy
SRE
operates as a holding company for energy services in the United States and internationally. The San Diego Gas & Electric Company generates, transmits and distributes electricity; a supplied natural gas. Our AI has given factor scores of C in Technical, A in Growth, B in Momentum Volatility, and B in Quality Value and the stock is down 15.36% after the year. In terms of finance, revenue grew by 3.94% in the last fiscal year to $ 10829.0M, and grew by 16.76% in the last three fiscal years of $ 9640.0 million. Operating income grew by 23.21% in the last fiscal year to $ 2495.0M and by 50.98% from $ 2036.0M three years ago. EPS grew higher by 99.36% in the last fiscal year to $ 7.29 and grew by 1338.94% in the last three fiscal years from $ 1.01. ROE improved by 9.73% last year compared to 2.51% three years ago. Revenue is expected to grow by 8.37% over the next 12 months. The stock is trading at a forward 12M P / E of 18.13.

MORE OF FORBESSempra Energy (SRE)

Unifirst Corp (UNF)

Our definitive Top Buy today is Unifirst Corp
UNF
. The company supplies workplace uniforms and clothing for protective workwear in the United States, Europe and Canada. Our AI has given factor scores of C in Technical, C in Growth, A in Momentum Volatility, and B in Quality Value to the stock which is down 6.21% after the year. Looking at the finances, revenue posted a growth of 2.53% in the last fiscal year to $ 1809.38M, growing by 16.61% in the last three fiscal years of $ 1590.96M. Business income grew by 10.07% in the last three fiscal years to $ 226.91M in the last fiscal year from $ 171.48M three years ago. EPS saw a sharper rise, growing in the last three years by 28.24% to $ 9.33 from $ 3.44 three years ago. ROE was 11.53% last year, an improvement of 4.98% three years ago. The stock is trading at a Forward 12M P / E of 25.49.

MORE OF FORBESUnifirst (UNF)

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