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Lowe’s Cos Inc Ranked Among Today’s Top Buys Amid Evergrande’s Debt Crisis In China And Political Squabbling Over The Debt Ceiling At Home

The first 23 days of September have been rough on the market. Although September historically underperforms, this September has especially felt gloomy, most recently because of Evergrande’s debt crisis in China and political squabbling in the U.S. about our debt ceiling. However, Thursday was on pace to be the market’s second straight positive day, despite jobless claims coming in worse than forecast. Investors have been put at ease by the Fed’s latest statement on tapering its stimulus, Evergrande’s payment of a local bond, and potential progress on the debt ceiling front. As the indices continued to claw back September’s losses, especially Monday’s sell-off, the Dow Jones gained 257 points or 0.7%, the S&P 500 rose 0.5%, and the Nasdaq
NDAQ
gained 0.4%. Which way will we trend the rest of the month? 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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Lowe’s Cos Inc (LOW)

Lowe’s Cos Inc is our first Top Buy today. Lowe’s is a big-box home improvement retailer and ranks just behind Home Depot
HD
as the largest home improvement retailer in the country. Our AI systems rated Lowe’s C in Technicals, D in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.27% to $208.89 on volume of 3,169,203 vs its 10-day price average of $206.11 and its 22-day price average of $205.54, and is up 30.25% for the year. Revenue grew by 5.6% in the last fiscal year and grew by 32.68% over the last three fiscal years, Operating Income grew by 13.84% in the last fiscal year and grew by 149.48% over the last three fiscal years, and EPS grew by 23.53% in the last fiscal year and grew by 237.09% over the last three fiscal years. Revenue was $89597.0M in the last fiscal year compared to $71309.0M three years ago, Operating Income was $10892.0M in the last fiscal year compared to $4970.0M three years ago, EPS was $7.75 in the last fiscal year compared to $2.84 three years ago, and ROE was 342.33% in the last year compared to 48.63% three years ago. The stock is also trading with a Forward 12M P/E of 18.21.

MORE FROM FORBESLowe’s (LOW)

Lululemon Athletica Inc (LULU)

Lululemon Athletica Inc is our next Top Buy. Lululemon, which began as a yoga apparel retailer, has evolved into an international athletic wear retailer with a significant presence both online and in 460 stores. Our AI systems rated Lululemon A in Technicals, A in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.65% to $431.18 on volume of 948,517 vs its 10-day price average of $423.88 and its 22-day price average of $410.08, and is up 20.98% for the year. Revenue grew by 25.49% in the last fiscal year and grew by 67.99% over the last three fiscal years, Operating Income grew by 40.6% in the last fiscal year and grew by 61.9% over the last three fiscal years, and EPS grew by 40.43% in the last fiscal year and grew by 75.05% over the last three fiscal years. Revenue was $4401.88M in the last fiscal year compared to $3288.32M three years ago, Operating Income was $812.73M in the last fiscal year compared to $705.84M three years ago, EPS was $4.5 in the last fiscal year compared to $3.61 three years ago, and ROE was 26.11% in the last year compared to 31.8% three years ago. Forward 12M Revenue is expected to grow by 7.76% over the next 12 months, and the stock is trading with a Forward 12M P/E of 53.64.

MORE FROM FORBESLululemon Athletica (LULU)

Schnitzer Steel Inds  -Cl A (SCHN)

Schnitzer Steel Inds is our third Top Buy today. Schnitzer Steel is a Portland, Oregon-based steel manufacturing and scrap metal recycling company. Our AI systems rated the company A in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed dup 2.91% to $40.32 on volume of 202,227 vs its 10-day price average of $42.43 and its 22-day price average of $45.35, and  is up 24.25% for the year. Revenue grew by 38.85% in the last fiscal year and grew by 0.54% over the last three fiscal years, Operating Income grew by 728.01% in the last fiscal year and grew by 19.81% over the last three fiscal years, and EPS grew by -2972.01% in the last fiscal year. Revenue was $1712.34M in the last fiscal year compared to $2364.72M three years ago, Operating Income was $20.74M in the last fiscal year compared to $143.35M three years ago, EPS was $(0.15) in the last fiscal year compared to $5.47 three years ago, and ROE was (0.3%) in the last year compared to 26.41% three years ago. Forward 12M Revenue is expected to grow by 17.4% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.39.

MORE FROM FORBESSchnitzer Steel Inds (SCHN)

Spectrum Brand Holdings Inc (SPB)

Spectrum Brand Holdings is our final Top Buy today. The company engages in the manufacture, market, and distribution of consumer products such as Global Batteries and Appliances, Global Pet Supplies, Home and Garden, Hardware and Home Improvement, and Global Auto Care. 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 up 1.2% to $92.75 on volume of 394,451 vs its 10-day price average of $92.98 and its 22-day price average of $85.98, and is up 18.76% for the year. Revenue grew by 16.75% in the last fiscal year and grew by 21.51% over the last three fiscal years, Operating Income grew by 40.3% in the last fiscal year and grew by 37.58% over the last three fiscal years, and EPS grew by 96.67% in the last fiscal year. Revenue was $3964.2M in the last fiscal year compared to $3808.7M three years ago, Operating Income was $388.3M in the last fiscal year compared to $396.0M three years ago, EPS was $2.18 in the last fiscal year compared to $20.74 three years ago, and ROE was 5.37% in the last year compared to 24.15% three years ago. The stock is also trading with a Forward 12M P/E of 16.3. 

MORE FROM FORBESSpectrum Brands Holdings (SPB)

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