Market

Mckesson Corp Ranked Among Today’s Top Buys

Well, that was a quick market correction. Markets shrugged off concerns this morning and rallied well into the green, with the Dow gaining over 400 points, the S&P 500 gaining just under 1%, and the Nasdaq also in the green. Essentially all the stocks that were pushing markets down yesterday were leading the rally today, with reopening plays and financials leading the gains. Big Tech stocks were trading warily, however, with the announcement that President Biden was going to sign a new executive order aimed at limiting the largest companies in the sector from some of their competitive practices. Summer appears to be indicating it will be anything but boring. 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.  

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.

Mckesson Corp (MCK)

Mckesson Corp is today’s first Top Buy. Mckesson is the largest leading third-party logistics providers. The company is engaged in wholesale pharmaceutical and medical products sourcing, distribution and dispensing, contract manufacturing, and related IT services to acute care hospitals and health systems, independent and chain retail pharmacies in North America, Europe, and Canada. 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 0.67% to $188.57 on volume of 783,491 vs its 10-day price average of $190.84 and its 22-day price average of $191.02, and is up 8.11% for the year. Revenue was $238228.0M in the last fiscal year and $214319.0M three years ago, Operating Income was $3118.0M in the last fiscal year and $3115.0M three years ago, while EPS was $(28.27) in the last fiscal year compared to $0.17 three years ago. ROE was (106.39%) in the last year compared to 2.4% three years ago. The stock is trading with a Forward 12M P/E of 9.88.

MORE FROM FORBESMcKesson (MCK)

Service Corp International (SCI) 

Service Corp International is our second Top Buy today. Service Corp is a personal services company that provides funeral and cemetery services and products from its locations throughout the United States and Canada. 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 0.36% to $54.62 on volume of 559,392 vs its 10-day price average of $53.92 and its 22-day price average of $53.52, and is up 12.5% for the year. Revenue grew by 7.83% over the last fiscal year and 18.69% over the last three fiscal years, while Operating Income grew by 23.22% in the last fiscal year and 67.01% over the last three fiscal years, and EPS grew by 30.49% over the last fiscal year and by 57.24% over the last three fiscal years. Revenue was $3511.51M in the last fiscal year compared to $3190.17M three years ago, Operating Income was $833.42M in the last fiscal year compared to $614.93M three years ago, EPS was $2.88 in the last fiscal year compared to $2.39 three years ago, and ROE was 28.87% in the last year compared to 29.34% three years ago. The stock is trading with a Forward 12M P/E of 25.06. 

MORE FROM FORBESService Corp Intl (SCI)

Wolverine World Wide (WWW)

Wolverine World Wide is our third and final Top Buy today. The company is engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Our AI systems rated the company B in Technicals, B in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.08% to $31.92 on volume of 404,409 vs its 10-day price average of $33.33 and its 22-day price average of $34.35, and is up 5.38% for the year. Revenue grew by 3.99% in the last fiscal year, Operating Income grew by 48.19% in the last fiscal year, and EPS grew by -17.91% in the last fiscal year. Revenue was $1791.1M in the last fiscal year compared to $2239.2M three years ago, Operating Income was $83.0M in the last fiscal year compared to $246.4M three years ago, EPS was $(1.7) in the last fiscal year compared to $2.05 three years ago, and ROE was (20.51%) in the last year compared to 20.58% three years ago. Forward 12M Revenue is expected to grow by 2.15% over the next 12 months, and the stock is also trading with a Forward 12M P/E of 14.69. 

MORE FROM FORBESWolverine World Wide (WWW)

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 :
usnewsmail Governmental News Finance News

Source link

Back to top button