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Stocks opened flat to slightly lower today with all three major indices trading timid after a higher-than-expected inflation reading. US consumer prices rose 5.4% in June versus expectations of a 5% gain, while Core CPI, which excludes food and energy, jumped 4.5% – the highest since 1991 – and well above estimates of 3.8%. While corporate earnings started off with a bang, with JPMorgan Chase and Goldman Sachs blowing past estimates, inflation remains a hot topic for stocks and whether they can continue this legendary run. Federal Reserve Chairman Jay Powell is set to testify this week which will surely bring some market moves behind it, especially after easy monetary policy appears to be not only working, but driving inflation much higher despite the transitory tag placed on it. 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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Central Garden & Pet Co (CENTA)
Central Garden & Pet Co is today’s first Top Buy. The company understands that home is central to life and has nurtured happy and healthy homes for over forty years. Central is on a mission to lead the future of the pet and garden industries. Our AI systems rated the company B in Technicals, B in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.32% to $52.19 on volume of 82,409 vs its 10-day price average of $52.22 and its 22-day price average of $53.64, and is up 35.0% for the year. Revenue grew by 12.67% in the last fiscal year and grew by 37.09% over the last three fiscal years, Operating Income grew by 33.38% in the last fiscal year and grew by 57.81% over the last three fiscal years, while EPS grew by 33.94% in the last fiscal year and grew by 27.01% over the last three fiscal years. Revenue was $2695.51M in the last fiscal year compared to $2215.36M three years ago, Operating Income was $197.98M in the last fiscal year compared to $167.34M three years ago, while EPS was $2.2 in the last fiscal year compared to $2.32 three years ago. ROE was 11.72% in the last year versus 15.61% three years ago. Forward 12M Revenue is expected to grow by 1.61% over the next 12 months and the stock is trading with a Forward 12M P/E of 20.59.
MORE FROM FORBESCentral Garden & Pet (CENT.A:)
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Cavco Industries Inc (CVCO)
Cavco Industries Inc is our second Top Buy today. Cavco designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. Our AI systems rated the company D in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.42% to $215.39 on volume of 25,145 vs its 10-day price average of $221.87 and its 22-day price average of $219.67, and up 23.53% for the year. Revenue was $1108.05M in the last fiscal year compared to $962.75M three years ago, Operating Income was $88.09M in the last fiscal year compared to $80.69M three years ago, while EPS was $8.25 in the last fiscal year compared to $7.4 three years ago. ROE was 11.87% in the last year, which compares to 13.91% three years ago. The stock is trading with a Forward 12M P/E of 23.92.
MORE FROM FORBESCavco Industries (CVCO)
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Gates Industrial Corp Plc (GTES)
Gates Industrial Corp Plc is our third Top Buy today. The company is a manufacturer of engineered power transmission and fluid power solutions. 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.
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Maximus Inc (MMS)
Maximus Inc is our fourth Top Buy today. The company is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia. 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 down 0.2% to $88.7 on volume of 161,876 vs its 10-day price average of $87.82 and its 22-day price average of $90.06, and is up 21.39% for the year. Revenue grew by 7.76% in the last fiscal year and grew by 55.92% over the last three fiscal years, Operating Income grew by 29.11% in the last fiscal year and grew by 26.15% over the last three fiscal years, while EPS grew by 29.58% in the last fiscal year and grew by 31.13% over the last three fiscal years. Revenue was $3461.54M in the last fiscal year compared to $2392.24M three years ago, Operating Income was $292.9M in the last fiscal year compared to $299.78M three years ago, while EPS was $3.39 in the last fiscal year compared to $3.35 three years ago. ROE was 17.23% in the last year which compares to 21.73% three years ago. Forward 12M Revenue is expected to grow by 3.28% over the next 12 months and is trading with a Forward 12M P/E of 21.59.
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Rollins Inc (ROL)
Rollins Inc is our fifth and final Top Buy today. The company’s emissions-control products meet strict air-quality legislation, optimize engine performance, improve fuel economy, and acoustically tune engine sound to fit a vehicle’s profile. 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 0.08% to $35.36 on volume of 865,674 vs its 10-day price average of $34.81 and its 22-day price average of $34.13, and is down 7.53% for the year. Revenue grew by 2.2% in the last fiscal year and grew by 21.26% over the last three fiscal years, Operating Income grew by 8.4% in the last fiscal year and grew by 28.86% over the last three fiscal years, while EPS grew by 18.87% in the last fiscal year and grew by 34.05% over the last three fiscal years. Revenue was $2161.22M in the last fiscal year compared to $1821.56M three years ago, Operating Income was $368.09M in the last fiscal year compared to $309.64M three years ago, and EPS was $0.53 in the last fiscal year compared to $0.47 three years ago. ROE was 29.69% in the last year which compares to 33.92% three years ago. Forward 12M Revenue is expected to grow by 1.48% over the next 12 months and the stock is trading with a Forward 12M P/E of 52.78.
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