Market

Jabil Inc Ranked Among Today’s Top Buys

Markets opened in the red slightly today, with the Dow, S&P 500, and Nasdaq all trading lower. A multitude of earnings reports have been coming in this week, with major financials all posting excellent results. The latest was Morgan Stanley, topping analyst expectations, however, the stock was lower in early trading. Those minuscule Treasury Yields might have something to do with it as, despite the financials sector looking strong from an earnings standpoint, the outlook for yields is not strong at this point. Initial jobless claims also came in at 360,000 this morning, which marked a new low for the pandemic riddled jobs market, which matched economist expectations. Today marks the second day that Federal Reserve Chairman Jay Powell will be speaking in front of Congress after he noted there wouldn’t be a rollback in easy policies anytime soon, but that they would act in the face of increased inflation if necessary. We will see if these extremely elevated inflation readings are indeed transitory, or if they are here to stay. 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.

Asgn Inc (ASGN) 

Asgn Inc is today’s first Top Buy. The company is a global provider of skilled professional staffing in the technology, life sciences, and creative fields across commercial and government sectors. Operating in three segments, the company offers contract, contract-to-hire, and direct-hire services. 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 up 0.62% to $97.12 on volume of 170,706 vs its 10-day price average of $95.74 and its 22-day price average of $96.93, and is up 20.56% 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 versus 14.54% three years ago. Forward 12M Revenue is expected to grow by 2.51% over the next 12 months and the stock is trading with a Forward 12M P/E of 19.53.

MORE FROM FORBESAsgn (ASGN)

Jabil Inc (JBL)

Jabil Inc is our second Top Buy today. Jabil is a United States-based company engaged in providing manufacturing services and solutions. Our AI systems rated the company C in Technicals, B in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.07% to $57.04 on volume of 946,086 vs its 10-day price average of $57.55 and its 22-day price average of $57.34, and is up 35.26% for the year. Revenue grew by 7.0% in the last fiscal year and grew by 32.04% over the last three fiscal years, Operating Income grew by 54.88% in the last fiscal year and grew by 91.56% over the last three fiscal years, while EPS grew by 979.57% in the last fiscal year and grew by 671.12% over the last three fiscal years. Revenue was $27266.44M in the last fiscal year compared to $22095.42M three years ago, Operating Income was $736.75M in the last fiscal year compared to $595.67M three years ago, whileEPS was $0.35 in the last fiscal year compared and compares to $0.49 three years ago. ROE was 3.05% in the last year versus 4.04% three years ago. Forward 12M Revenue is expected to grow by 4.47% over the next 12 months and the stock is trading with a Forward 12M P/E of 9.74. 

MORE FROM FORBESJabil Circuit (JBL)

Insight Enterprises Inc (NSIT)

Insight Enterprises Inc is our third Top Buy today. The company is a Fortune 500 global IT provider primarily engaged in helping businesses of all sizes, large enterprises, governments, schools, and health care organizations. Our AI systems rated the company B in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.05% to $96.97 on volume of 169,798 vs its 10-day price average of $98.89 and its 22-day price average of $100.02, and is up 28.81% for the year. Revenue grew by 0.59% in the last fiscal year and grew by 18.49% over the last three fiscal years, Operating Income grew by 1.33% in the last fiscal year and grew by 22.26% over the last three fiscal years, while EPS grew by 4.69% in the last fiscal year and grew by 12.05% over the last three fiscal years. Revenue was $8340.58M in the last fiscal year compared to $7080.14M three years ago, Operating Income was $286.18M in the last fiscal year compared $237.19M three years ago, while EPS was $4.87 in the last fiscal year compared to $4.55 three years ago. ROE was 13.8% in the last year versus 17.88% three years ago. Forward 12M Revenue is expected to grow by 1.04% over the next 12 months and the stock is trading with a Forward 12M P/E of 13.84.

MORE FROM FORBESInsight Enterprises (NSIT)

Ubiquiti Inc (UI) 

Ubiquiti Inc is our fourth Top Buy today. The company is a wireless and wireline network equipment provider for small Internet service providers and small- and midsized-business integrators. Our AI systems rated the company B in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.49% to $301.84 on volume of 47,841 vs its 10-day price average of $306.86 and its 22-day price average of $307.72, and is up 11.48% for the year. Revenue grew by 35.13% in the last fiscal year and grew by 70.69% over the last three fiscal years, Operating Income grew by 41.75% in the last fiscal year and grew by 107.85% over the last three fiscal years, while EPS grew by 51.08% in the last fiscal year and grew by 249.11% over the last three fiscal years. Revenue was $1284.5M in the last fiscal year compared to $1016.86M three years ago, Operating Income was $478.2M in the last fiscal year compared to $326.13M three years ago, and EPS was $5.8 in the last fiscal year compared to $2.51 three years ago. ROE was 42.79% three years ago and the stock is trading with a Forward 12M P/E of 34.09. 

MORE FROM FORBESUbiquiti (UI)

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 up 1.6% to $45.79 on volume of 817,951 vs its 10-day price average of $44.68 and its 22-day price average of $44.47, and is up 18.02% 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, while EPS was $2.44 in the last fiscal year compared to $2.33 three years ago. ROE was 14.66% in the last year versus 13.73% three years ago. Forward 12M Revenue is expected to grow by 2.23% over the next 12 months and the stock is trading with a Forward 12M P/E of 12.68.

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 :
reporterwings Governmental News Finance News

Source link

Back to top button