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AI Ranks Provident Financial Holdings Among Today’s Top Buys

Markets opened mixed today, with major indices looking to move slightly higher after the S&P 500 hit an all-time high last week. The massive bi-partisan infrastructure deal announced last week was the major catalyst, and seems to be spilling over into this week as well. All eyes will be awaiting Friday’s June Jobs report from the Labor Department, to see if hiring has picked up since reopening in the US has been on track for weeks now. A global surge in covid cases is putting a lid on things for now, as well as potential inflation moves higher – although many are now starting to accept the ‘transitory’ stance that the Federal Reserve is taking. 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.  

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Provident Financial Holdings (PROV)

Our first Top Buy of the day is Provident Financial Holdings. Provident Financial Holdings Inc is engaged in providing community and mortgage banking services to consumers and small to mid-sized businesses in the Inland Empire region of Southern California. Our AI systems rated the company B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.58% to $17.26 on volume of 808,276 vs its 10-day price average of $16.74 and its 22-day price average of $17.22, and is up 12.77% for the year. EPS grew by 174.73% in the last fiscal year. Revenue was $39.8M in the last fiscal year compared to $58.73M three years ago, Operating Income was $10.83M in the last fiscal year compared to $9.68M three years ago, EPS was $1.01 in the last fiscal year compared to $0.28 three years ago, and ROE was 6.29% in the last year compared to 1.71% three years ago. Forward 12M Revenue is expected to grow by 5.9% over the next 12 months and the stock is trading with a Forward 12M P/E of 18.69.

MORE FROM FORBESProvident Financial Holdings (PROV)

Schnitzer Steel Inds Cl A (SCHN)

Schnitzer Steel Industries is our next Top Buy today. Schnitzer Steel Industries is one of the largest ferrous and nonferrous scrap metal recyclers in the U.S. Our AI systems rated the company C in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed closed down 2.64% to $48.57 on volume of 819,056 vs its 10-day price average of $49.64 and its 22-day price average of $53.2, and is up 49.68% for the year. Revenue grew by 14.43% in the last fiscal year, Operating Income grew by 359.01% in the last fiscal year, and EPS grew by -1429.66% in the last fiscal year. Revenue was $1712.34M in the last fiscal year compared to $2364.72M three years ago, Operating Income was $20.74M in the last fiscal year compared to $143.35M three years ago, EPS was $(0.15) in the last fiscal year compared to $5.47 three years ago, and ROE was (0.3)% in the last year compared to 26.41% three years ago. Forward 12M Revenue is expected to grow by 17.06% over the next 12 months and the stock is trading with a Forward 12M P/E of 6.89. 

MORE FROM FORBESSchnitzer Steel Inds (SCHN)

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Schneider National Inc (SNDR)

Schneider National Inc is our third Top Buy today. Schneider National ranks among the largest U.S. full-truckload carriers, including its for-hire and dedicated operations (50% of total revenue). Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.55% to $21.86 on volume of 2,161,882 vs its 10-day price average of $21.91 and its 22-day price average of $22.94, and is up 6.84% for the year. Revenue grew by 2.41% in the last fiscal year, Operating Income grew by 7.37% in the last fiscal year, and EPS grew by 5.04% in the last fiscal year. Revenue was $4552.8M in the last fiscal year compared to $4977.0M three years ago, Operating Income was $305.2M in the last fiscal year compared to $377.8M three years ago, EPS was $1.19 in the last fiscal year compared to $1.52 three years ago, and ROE was 9.86% in the last year compared to 13.37% three years ago. Forward 12M Revenue is expected to grow by 1.96% over the next 12 months and the stock is trading with a Forward 12M P/E of 12.63.

MORE FROM FORBESSchneider National (SNDR)

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Spectrum Brnd Hldg Inc (SPB)

Spectrum Brnd Hldg Inc is our fourth Top Buy. The company is a consumer product company, a supplier of consumer batteries, residential locksets, residential builders’ hardware, plumbing, shaving and grooming products, and personal care products. Our AI systems rated Spectrum B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.36% to $85.44 on volume of 616,985 vs its 10-day price average of $83.57 and its 22-day price average of $85.76, and is up 9.4% for the year. Revenue grew by 12.44% in the last fiscal year and grew by 16.83% over the last three fiscal years, Operating Income grew by 38.96% in the last fiscal year and grew by 36.26% over the last three fiscal years, and EPS grew by 217.57% in the last fiscal year. Revenue was $3964.2M in the last fiscal year compared to $3808.7M three years ago, Operating Income was $388.3M in the last fiscal year compared to $396.0M three years ago, EPS was $2.18 in the last fiscal year compared to $20.74 three years ago, and ROE was 5.37% in the last year compared to 24.15% three years ago. The stock is also trading with a Forward 12M P/E of 16.14.

MORE FROM FORBESSpectrum Brands Holdings (SPB)

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Tompkins Financial Corp (TMP) 

Tompkins Financial Corp is our final Top Buy today. The company is a Financial Holding Company. It has three business segments, consisting of banking, insurance and wealth management. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.4% to $80.14 on volume of 152,983 vs its 10-day price average of $80.86 and its 22-day price average of $81.7, and is up 15.83% for the year. Revenue grew by 7.74% in the last fiscal year and grew by 6.88% over the last three fiscal years, Operating Income grew by 22.59% in the last fiscal year and grew by 12.02% over the last three fiscal years, and EPS grew by 22.93% in the last fiscal year and grew by 19.49% over the last three fiscal years. Revenue was $283.05M in the last fiscal year compared to $285.31M three years ago, Operating Income was $99.15M in the last fiscal year compared to $108.51M three years ago, EPS was $5.2 in the last fiscal year compared to $5.35 three years ago, and ROE was 11.26% in the last year compared to 13.77% three years ago. Forward 12M Revenue is expected to grow by 0.23% over the next 12 months and the stock is trading with a Forward 12M P/E of 13.95.

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