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Alamo Group Inc Ranked Among Today’s Top Buys Amid Inflation Fears

After the S&P snapped a five-day losing streak on Monday, the indices ticked up. While Inflation continues to be a concern, as last week’s producer prices update saw a record jump of 8.3% for August, fears temporarily cooled due to the latest CPI report. Although it still rose another 5.3% in August, it came in considerably less hot than expected. Economists projected consumer prices to rise 0.4% month over month during August and 5.4% year over year. The Dow Jones jumped for a second straight day and rose about 80 points or 0.3%. The S&P 500 rose 0.3% and the Nasdaq
NDAQ
added 0.4%. Apple shares ticked up slightly in anticipation for an event Tuesday where new versions of the iPhone, AirPods, and Apple Watch are expected to be revealed. Which direction could the market go from here? 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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Alamo Group Inc (ALG)

Alamo Group Inc is our first Top Buy today. Alamo Group is a worldwide leader in the design and manufacture of high-quality agricultural equipment for farms and ranches. The company is involved in infrastructure maintenance equipment for governmental and industrial markets as well. Our AI systems rated Alamo Group B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.37% to $146.47 on volume of 17,746 vs its 10-day price average of $151.6 and its 22-day price average of $150.79, and is up 6.34% for the year. Revenue grew by 6.5% in the last fiscal year and grew by 22.83% over the last three fiscal years, Operating Income grew by 9.75% in the last fiscal year and grew by 9.29% over the last three fiscal years, and EPS grew by 26.19% in the last fiscal year. Revenue was $1163.47M in the last fiscal year compared to $1008.82M three years ago, Operating Income was $100.66M in the last fiscal year, compared to $101.09M three years ago, EPS was $4.78 in the last fiscal year compared to $6.25 three years ago, and ROE was 9.47% in the last year compared to 15.37% three years ago. Forward 12M Revenue is expected to grow by 4.02% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.44. 

MORE FROM FORBESAlamo Group (ALG)

Littelfuse Inc (LFUS)

Littelfuse Inc is today’s second Top Buy. Littelfuse Inc operates as a supplier of circuit protection products for the electronics, automotive and electrical industries. Our AI systems rated the company B in Technicals, B in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.61% to $268.27 on volume of 199,336 vs its 10-day price average of $278.44 and its 22-day price average of $277.9, and is up 6.46% for the year. Revenue grew by 23.09% in the last fiscal year and grew by 3.55% over the last three fiscal years, Operating Income grew by 53.58% in the last fiscal year and grew by 13.75% over the last three fiscal years, and EPS grew by 94.0% in the last fiscal year and grew by 57.41% over the last three fiscal years. Revenue was $1445.7M in the last fiscal year compared to $1718.47M three years ago, Operating Income was $202.96M in the last fiscal year compared to $274.03M three years ago, EPS was $5.29 in the last fiscal year compared to $6.52 three years ago, and ROE was 8.37% in the last year compared to 13.68% three years ago. Forward 12M Revenue is expected to grow by 3.82% over the next 12 months, and the stock is trading with a Forward 12M P/E of 22.4. 

MORE FROM FORBESLittelfuse (LFUS)

Lennox International Inc (LII)

Lennox International Inc is our third Top Buy today. Lennox International Inc.
LII
is a provider of climate control products for the heating, ventilation, air conditioning, and refrigeration markets. Our AI systems rated the company B in Technicals, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.21% to $320.72 on volume of 340,898 vs its 10-day price average of $329.46 and its 22-day price average of $331.6, and is up 19.57% for the year. Revenue grew by 13.88% in the last fiscal year and grew by 6.55% over the last three fiscal years, Operating Income grew by 30.2% in the last fiscal year and grew by 27.62% over the last three fiscal years, and EPS grew by 40.83% in the last fiscal year and grew by 48.9% over the last three fiscal years. Revenue was $3634.1M in the last fiscal year compared to $3883.9M three years ago, Operating Income was $488.0M in the last fiscal year compared to $497.9M three years ago, and EPS was $9.24 in the last fiscal year compared to $8.74 three years ago. Forward 12M Revenue is expected to grow by 0.16% over the next 12 months, and the stock is trading with a Forward 12M P/E of 24.21. 

MORE FROM FORBESLennox International (LII)

Louisiana-Pacific Corp (LPX)

Louisiana-Pacific Corp is today’s fourth Top Short. Louisiana-Pacific is a building materials manufacturer and pioneered the U.S. production of oriented strand board panels. Our AI systems rated Louisiana-Pacific A in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.68% to $61.91 on volume of 1,342,734 vs its 10-day price average of $63.35 and its 22-day price average of $61.34, and is up 67.64% for the year. Revenue grew by 43.36% in the last fiscal year and grew by 41.34% over the last three fiscal years, Operating Income grew by 143.54% in the last fiscal year and grew by 200.37% over the last three fiscal years, and EPS grew by 160.79% in the last fiscal year and grew by 325.71% over the last three fiscal years. Revenue was $2788.0M in the last fiscal year compared to $2828.0M three years ago, Operating Income was $666.0M in the last fiscal year compared to $540.0M three years ago, EPS was $4.46 in the last fiscal year compared to $2.73 three years ago, and ROE was 44.28%  in the last year compared to 24.15%  three years ago. The stock is also trading with a Forward 12M P/E of 6.66.

MORE FROM FORBESLouisiana-Pacific (LPX)

Ubiquiti Inc (UI)

Our final Top Buy today is Ubiquiti Inc. Ubiquiti is a tech company that manufactures and sells wireless data communication and wired products for both enterprises and homes. It also operates under several different brand names. Our AI systems rated the company B in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.24% to $313.62 on volume of 41,161 vs its 10-day price average of $323.43 and its 22-day price average of $314.04, and is up 15.83% for the year. Revenue was $1898.09M in the last fiscal year compared to $1161.73M three years ago, Operating Income was $742.59M in the last fiscal year compared to $412.3M three years ago, EPS was $9.78 in the last fiscal year compared to $4.51 three years ago, and ROE was 155.51% three years ago. The stock is also trading with a Forward 12M P/E of 28.51. 

MORE FROM FORBESUbiquiti (UI)

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