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Akamai Technologies Inc Among Today’s Top Buys

Markets opened higher in the early session but turned into the negative, with the Dow briefly touching above 35,000, after better than expected Retail Sales for June came across the tape this morning. Retail sales were higher by 0.6% in June versus an expectation of a decline of 0.4%, which means people are getting out and shopping despite a surge in Covid-19 cases across the country. This was on the back of some impressive initial jobless claims numbers yesterday, so it appears that the economy is really starting to heat up here in the summer. Earnings are really starting to come in strong here, as Goldman Sachs reports that all economically sensitive sectors are expected to grow earnings in excess of 100%, with industrials leading the pack at 330% earnings growth this season. Growth has been outperforming value lately, but keep an eye on whether this trend will continue after over a decade of outperformance. 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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Akamai Technologies Inc (AKAM) 

Akamai Technologies Inc is today’s first Top Buy. The company operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. 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 0.38% to $116.45 on volume of 862,221 vs its 10-day price average of $116.9 and its 22-day price average of $116.68, and is up 10.65% for the year. Revenue grew by 2.45% in the last fiscal year and grew by 20.71% over the last three fiscal years, Operating Income grew by 3.79% in the last fiscal year and grew by 75.16% over the last three fiscal years, while EPS grew by 5.6% in the last fiscal year and grew by 102.21% over the last three fiscal years. Revenue was $3198.15M in the last fiscal year compared to $2714.47M three years ago, Operating Income was $701.4M in the last fiscal year compared to $415.59M three years ago, and EPS was $3.37 in the last fiscal year compared to $1.76 three years ago. ROE was 14.09% in the last year which compares to 9.1% three years ago. Forward 12M Revenue is expected to grow by 1.67% over the next 12 months and the stock is trading with a Forward 12M P/E of 20.64.

MORE FROM FORBESAkamai Technologies (AKAM)

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 up 0.68% to $110.2 on volume of 104,274 vs its 10-day price average of $111.57 and its 22-day price average of $111.68, and is up 14.79% 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 12.3.

MORE FROM FORBESMasonite International (DOOR)

Energizer Holdings Inc (ENR)

Energizer Holdings Inc is our third Top Buy today. The company makes and distributes household batteries, specialty batteries, and lighting products. Energizer offers batteries using lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide technologies. Our AI systems rated the company C in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.22% to $18.22 on volume of 544,607 vs its 10-day price average of $17.93 and its 22-day price average of $17.85, and is up 45.76% for the year. Revenue grew by 6.13% in the last fiscal year, Operating Income grew by 28.98% in the last fiscal year, while EPS grew by 41.5% in the last fiscal year. Revenue was $2793.0M in the last fiscal year compared to $3347.6M three years ago, Operating Income was $271.6M in the last fiscal year compared to $516.0M three years ago, while EPS was $0.27 in the last fiscal year compared to $0.84 three years ago. ROE was 2.91% in the last year versus 14.44% three years ago. Forward 12M Revenue is expected to grow by 1.71% over the next 12 months and the stock is trading with a Forward 12M P/E of 13.62.

MORE FROM FORBESEnergizer Holdings (ENR)

Hain Celestial Group Inc (HAIN)

Hain Celestial Group Inc is our fourth Top Buy today. The company makes better-for- you natural and organic consumer products, with 69% of fiscal 2020 revenue considered grocery, 15% snacks, 10% personal care, and 6% tea. 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 0.48% to $39.66 on volume of 601,589 vs its 10-day price average of $39.68 and its 22-day price average of $40.14, and is up 0.05% for the year. Operating Income grew by 40.38% in the last fiscal year and grew by 39.23% over the last three fiscal years, while EPS grew by -150.96% in the last fiscal year and grew by 323.65% over the last three fiscal years. Revenue was $2053.9M in the last fiscal year compared to $2265.67M three years ago, Operating Income was $133.93M in the last fiscal year compared to $135.04M three years ago, while EPS was $(0.78) in the last fiscal year and compares to $0.09 three years ago. ROE was 1.73% in the last year, which compares to 4.33% three years ago. The stock is trading with a Forward 12M P/E of 24.9.

MORE FROM FORBESHain Celestial Group (HAIN)

Mettler-Toledo Intl Inc (MTD)

Mettler-Toledo Intl Inc is our fifth and final Top Buy today. The company supplies weighing and precision instruments to customers in the life sciences (54% of 2020 sales), industrial (40%), and food retail industries (6%). Our AI systems rated the company A in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.03% to $1436.03 on volume of 65,332 vs its 10-day price average of $1424.56 and its 22-day price average of $1392.96, and is up 23.7% for the year. Revenue grew by 5.03% in the last fiscal year and grew by 10.38% over the last three fiscal years, Operating Income grew by 8.67% in the last fiscal year and grew by 25.55% over the last three fiscal years, while EPS grew by 9.31% in the last fiscal year and grew by 36.96% over the last three fiscal years. Revenue was $3085.18M in the last fiscal year compared to $2935.59M three years ago, Operating Income was $796.24M in the last fiscal year compared to $689.18M three years ago, and EPS was $24.91 in the last fiscal year compared to $19.88 three years ago. ROE was 171.37% in the last year which compares to 90.14% three years ago. Forward 12M Revenue is expected to grow by 1.69% over the next 12 months and the stock is trading with a Forward 12M P/E of 44.23. 

MORE FROM FORBESMettler-Toledo International (MTD)

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