Beacon Roofing Supply Inc Ranked Among Today’s Top Buys Amid Lower Jobless Claims Data

Thanks to the latest unemployment claims data, the S&P 500 was on pace to hit its 54th record high in 2021. Initial claims totaled 340,000 for the week ending August 28, reaching the lowest level since the start of the pandemic in March 2020. This was also slightly better than the Dow Jones estimate of 345,000. We’ll see if this optimism continues as August’s critical jobs report comes out tomorrow to close out the week. Investors are watching closely, as this could determine the moves the Fed makes with its monetary policy. With jobless claims as the main catalyst this Thursday, the Dow Jones rose 130 points, boosted by Apple
AAPL
and Chevron
CVX
. The S&P 500 and Nasdaq Composite both rose 0.4%. For investors looking for the best opportunities, the deep learning algorithms on Q.ai have cracked the data to give you a string of Top Buys. Our Artificial Intelligence (“AI”) systems have assessed each company on technical parameters, growth, low volatility momentum, and quality value to find the best top buys.

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Beacon Roofing Supply Inc (BECN)

Beacon Roofing Supply Inc is our first Top Buy today. Beacon sells residential and non-residential roofing products, as well as related construction products throughout North America. Our AI systems rated the company as C in Technicals, B in Growth, A in Low Volatility Momentum and B in Quality Value. The stock closed 0.45% lower to $51.25 on a volume of 299,044 versus the 10-day price average of $51.09 and the 22-day price average of $51.64, and is up 28.96% for the year. Revenue grew 8.71% in the last fiscal year and grew 17.61% in the last three fiscal years, operating income grew 122.24% in the last fiscal year and grew 66.29% in the last three fiscal years , and earnings per share grew by -3.23% in the past fiscal year. Revenue was $6943.9 million last fiscal year compared to $6418.3 million three years ago, operating income was $193.8 million last fiscal year compared to $259.0 million three years ago, earnings per share was $(1.52) in the last fiscal year compared to $1.05 three years ago, and ROE was (3.66%) in the last year compared to 4.85% three years ago. Forward 12M revenue is expected to grow 2.83% over the next 12 months and the stock trades at a Forward 12M P/E of 10.89.

MORE FROM FORBESBeacon Roofing Supply (BECN)

Franklin Electric Co (FELE)

Franklin Electric Co is our second Top Buy of the day. The company manufactures and distributes products and systems focused on the movement and management of water and fuel, including pumps, motors, drives and controls for residential, commercial, agricultural, industrial and municipal applications. Our AI systems rated Franklin Electric a B for technical aspects, a B for growth, an A for low-volatility momentum, and an A for quality value. The stock closed 0.15% higher to $85.11 on a volume of 89,094 versus the 10-day price average of $83.87 and the 22-day price average of $83.06, and is up 24.63% for the year. Revenue grew 15.66% in the last fiscal year and grew 11.13% in the last three fiscal years, operating income grew 24.72% in the last fiscal year and grew 21.68% in the last three fiscal years , and earnings per share grew 31.31% in the past fiscal year and grew 26.01% over the past three fiscal years. Revenue was $1247.33 million last fiscal year compared to $1298.13 million three years ago, operating income was $129.82 million last fiscal year compared to $133.06 million three years ago, profit per share was $2.14 in the last fiscal year compared to $2.23 three years ago, and ROE was 12.28% last year compared to 14.65% three years ago. Forward 12M revenue is expected to grow 4.49% over the next 12 months and the stock trades at a Forward 12M P/E of 27.06.

MORE FROM FORBESFranklin Electric Inc (FELE)

News Corp. (NWSA)

News Corp is our next Top Buy. News Corp is a media and news company and is responsible for assets such as Dow Jones, News Corp Australia, News UK, the New York Post and News America. Our AI systems rated the company as B in Technicals, B in Growth, A in Low Volatility Momentum and B in Quality Value. The stock closed 1.56% higher to $22.82 on a volume of 2,513,518 versus the 10-day price average of $22.4 and the 22-day price average of $23.23, and is up 25.66% for the year. Revenue was $9358.0 million last fiscal year compared to $10074.0 million three years ago, operating income was $606.0 million last fiscal year compared to $599.0 million three years ago, profit per share was $0.56 last fiscal year compared to $0.26 three years ago, and last year ROE was 4.44% compared to 2.19% three years ago. The stock is also trading at a Forward 12M P/E of 29.3.

MORE FROM FORBESNews Corp. (NWSA)

Semtech Corp (SMTC)

Semtech Corp is our fourth Top Buy today. Semtech Corp is heavily involved in the semiconductor industry, providing analog and mixed-signal products. Our AI systems rated the company as C in Technicals, C in Growth, A in Low Volatility Momentum and B in Quality Value. The stock closed 1.49% higher to $70.96 on a volume of 716,860 versus the 10-day price average of $67.42 and the 22-day price average of $65.5, falling 0.31% for the year. Revenue grew 13.28% in the last fiscal year and grew 7.48% in the last three fiscal years, operating income grew 40.35% in the last fiscal year and grew 18.08% in the last three fiscal years, and earnings per share grew by 51.61% in the past fiscal year and grew by 35.26% over the past three fiscal years. Revenue was $595.12 million last fiscal year compared to $627.2 million three years ago, operating income was $74.68 million last fiscal year compared to $88.78 million three years ago, profit per share was $0.91 in the last fiscal year compared to $1.02 three years ago, and ROE was 8.7% last year compared to 10.34% three years ago. Forward 12M Revenue is expected to grow 5.11% over the next 12 months, and the stock is trading at a Forward 12M P/E of 25.31.

MORE FROM FORBESSemtech (SMTC)

Williams Sonoma Inc (WSM)

Williams-Sonoma Inc is our last Top Buy today. Williams-Sonoma is a major retailer of household products and operates in the following segments: Pottery Barn; western elm; Williams Sonoma; Pottery Barn Children and Teens; and others. Our AI systems rated the company as B in Technicals, B in Growth, B in Low Volatility Momentum and B in Quality Value. The stock closed 1.85% lower to $183.25 on a volume of 872,059 versus the 10-day price average of $175.09 and the 22-day price average of $166.59, and is up 78.0% for the year. Revenue grew 14.32% in the last fiscal year and grew 36.73% in the last three fiscal years, operating income grew 34.87% in the last fiscal year and grew 189.89% in the last three fiscal years , and earnings per share grew 45.79% in the past fiscal year and grew 209.93% over the past three fiscal years. Revenue was $6783.19 million last fiscal year compared to $5671.59 million three years ago, operating income was $949.13 million last fiscal year compared to $441.57 million three years ago, profit per share was $8.61 last fiscal year compared to $4.05 three years ago, and last year ROE was 47.16% compared to 28.29% three years ago. The stock is also trading at a Forward 12M P/E of 14.34.

MORE FROM FORBESWilliams Sonoma (WSM)

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