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Stocks somewhat rose to close out the first week in June. The May jobs report came in a lot better than April’s. However, it was still somewhat below estimates. Compared to the disappointing 266,000 added in April, May added 559,000 jobs. The Dow Jones projected 671,000 to be added. Meanwhile, the unemployment rate fell to 5.8% from 6.1%, which was better than the forecasted 5.9%. This comes on the heels of yesterday’s jobless claims report, which came in at its lowest level since the start of the pandemic. Based on this data, bond yields dipped, and the Dow Jones rose 80 points, the S&P 500 jumped 0.4%, and the Nasdaq
NDAQ
moved 0.5% higher. 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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Amkor Technology Inc (AMKR)
Amkor Technology Inc
AMKR
is our first Top Buy today. Amkor Technology is a subcontractor of semiconductor packaging and test services. Our AI systems rated the company D in Technicals, A in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 1.92% to $21.42 on volume of 1,078,087 vs its 10-day price average of $20.89 and its 22-day price average of $20.07, and is up 43.66% for the year. Revenue grew by 3.44% in the last fiscal year and grew by 21.03% over the last three fiscal years, Operating Income grew by 12.7% in the last fiscal year and grew by 106.95% over the last three fiscal years, and EPS grew by 16.26% in the last fiscal year and grew by 207.11% over the last three fiscal years. Revenue was $5050.59M in the last fiscal year compared to $4316.47M three years ago, Operating Income was $475.72M in the last fiscal year compared to $259.06M three years ago, EPS was $1.4 in the last fiscal year compared to $0.53 three years ago, and ROE was 15.68% in the last year compared to 7.25% three years ago. Forward 12M Revenue is expected to grow by 1.33% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.89.
MORE FROM FORBESAmkor Technology (AMKR)
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Avnet Inc (AVT)
Avnet Inc
AVT
is our second Top Buy today. The company engages in the distribution and sale of electronic components. Our AI systems rated Avnet C in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 1.11% to $43.7 on volume of 729,944 vs its 10-day price average of $44.35 and its 22-day price average of $43.78, and is up 23.55% for the year. Revenue grew by 4.73% in the last fiscal year, Operating Income grew by 9.45% in the last fiscal year, and EPS grew by -619.17% in the last fiscal year and grew by -223.11% over the last three fiscal years. Revenue was $17634.33M in the last fiscal year compared to $19036.89M three years ago, Operating Income was $232.76M in the last fiscal year compared to $461.68M three years ago, EPS was $(0.31) in the last fiscal year compared to $(1.3) three years ago, and ROE was (0.75%) in the last year compared to (2.9%) three years ago. Forward 12M Revenue is expected to grow by 4.01% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.18.
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Best Buy Co Inc (BBY)
Consumer electronics retailing giant Best Buy is our next Top Buy. Best Buy is the largest specialty retailer in the United States consumer electronics retail industry, and is a Fortune 500 company. Our AI systems rated Best Buy A in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed down 2.36% to $115.56 on volume of 2,476,095 vs its 10-day price average of $115.87 and its 22-day price average of $117.68, and is up 15.0% for the year. Revenue grew by 6.51% in the last fiscal year and grew by 17.39% over the last three fiscal years, Operating Income grew by 19.44% in the last fiscal year and grew by 57.73% over the last three fiscal years, and EPS grew by 24.71% in the last fiscal year and grew by 64.05% over the last three fiscal years. Revenue was $47262.0M in the last fiscal year compared to $42879.0M three years ago, Operating Income was $2587.0M in the last fiscal year compared to $1959.0M three years ago, EPS was $6.84 in the last fiscal year compared to $5.2 three years ago, and ROE was 44.58% in the last year compared to 42.32% three years ago. The stock is also trading with a Forward 12M P/E of 14.41.
MORE FROM FORBESBest Buy (BBY)
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J.B. Hunt Transport Services (JBHT)
J.B. Hunt Transport Services (JBHT) is our fourth Top Buy today. J.B. Hunt is a logistics and transportation company, and has grown into the 80th largest trucking firm in the U.S. Our AI systems rated the company A in Technicals, C in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed down 0.34% to $169.51 on volume of 446,043 vs its 10-day price average of $170.42 and its 22-day price average of $173.23, and is up 25.71% for the year. Revenue grew by 3.5% in the last fiscal year and grew by 15.78% over the last three fiscal years, Operating Income grew by 5.6% in the last fiscal year and grew by 12.48% over the last three fiscal years, and EPS grew by 8.24% in the last fiscal year and grew by 15.81% over the last three fiscal years. Revenue was $9636.57M in the last fiscal year compared to $8614.87M three years ago, Operating Income was $725.42M in the last fiscal year compared to $681.02M three years ago, EPS was $4.74 in the last fiscal year compared to $4.43 three years ago, and ROE was 20.79% in the last year compared to 24.85% three years ago. Forward 12M Revenue is expected to grow by 1.7% over the next 12 months, and the stock is trading with a Forward 12M P/E of 24.79.
MORE FROM FORBESJ.B. Hunt Transport Services (JBHT)
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Wabash National Corp (WNC)
Wabash National Corp
WNC
is our final Top Buy today. Wabash National is an American diversified industrial manufacturing company and the largest producer of semi trailers and liquid transportation systems in all of North America. Our AI systems rated the company B in Technicals, A in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.12% to $16.39 on volume of 235,008 vs its 10-day price average of $16.09 and its 22-day price average of $16.77, and is down 2.56% for the year. Revenue grew by 0.33% in the last fiscal year, Operating Income grew by 76.02% in the last fiscal year, and EPS grew by -112.84% in the last fiscal year. Revenue was $1481.89M in the last fiscal year compared to $2267.28M three years ago, Operating Income was $19.94M in the last fiscal year compared to $136.02M three years ago, EPS was $(1.84) in the last fiscal year compared to $1.19 three years ago, and ROE was (21.04%) in the last year compared to 14.17% three years ago. Forward 12M Revenue is expected to grow by 46.37% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.51.
MORE FROM FORBESWabash National (WNC)
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