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Gates Industrial Corp Plc Ranked Among Today’s Top Buys As Stocks Are Riding High After Fed Chair Jay Powell’s Talk On Tapering

Tech was the market leader during this final Monday in August. Chipmakers AMD and Nvidia
NVDA
gained more than 1% each, while Microsoft
MSFT
also rose 0.8%. Affirm also surged more than 40% after the buy now, pay later company announced a partnership with Amazon
AMZN
on Friday. Stocks are still riding high after Fed Chair Jay Powell closed out last week’s Jackson Hole symposium by acknowledging that tapering could come soon. At the same time, he stated that there was no rush to hike interest rates with inflation, in his eyes, still “transitory.” Investors two weeks ago were spooked by the potential for tapering by the fall. Now, they may be at peace with the thought of the Fed removing stimulus without rapidly rising rates. On the final Monday of August, the Dow fluctuated between gains and losses. The S&P 500 also gained 0.2% to set a new intraday record high, and the Nasdaq
NDAQ
rose 0.4%. For investors looking to find the best opportunities, the deep learning algorithms at Tryq.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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Gates Industrial Corp Plc (GTES)

Gates Industrial Corp Plc is our first Top Buy today. Gates is a global manufacturer of 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 2.92% to $16.94 on volume of 1,100,726 vs its 10-day price average of $16.38 and its 22-day price average of $17.14, and is up 35.52% for the year. Revenue grew by 18.25% in the last fiscal year, Operating Income grew by 74.82% in the last fiscal year, and EPS grew by 187.36% 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, EPS was $0.27 in the last fiscal year compared to $0.84 three years ago, and ROE was 2.91% in the last year compared to 14.44% three years ago. Forward 12M Revenue is expected to grow by 3.14% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.73.

MORE FROM FORBESGates (GTES)

Lowe’s Cos Inc (LOW)

Lowe’s Cos Inc is our next 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, C in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.12% to $205.9 on volume of 3,128,212 vs its 10-day price average of $201.34 and its 22-day price average of $195.92, and is up 28.38% 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 17.97. 

MORE FROM FORBESLowe’s (LOW)

Mettler-Toledo Intl Inc (MTD)

Mettler-Toledo is our third Top Buy today. The manufacturer operates in a very unique and distinct niche, and is the largest provider of the scales and weighing instruments for use in laboratory, industrial, and food retailing applications. 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 up 0.56% to $1565.61 on volume of 54,472 vs its 10-day price average of $1543.78 and its 22-day price average of $1525.37, and is up 34.87% for the year. Revenue grew by 12.61% in the last fiscal year and grew by 18.34% over the last three fiscal years, Operating Income grew by 18.2% in the last fiscal year and grew by 36.56% over the last three fiscal years, and EPS grew by 19.91% in the last fiscal year and grew by 50.25% over the last three fiscal years. Revenue was $3085.18M in the last fiscal year compared to $2935.59M three years ago, Operating Income was $796.24M in the last fiscal year compared to $689.18M three years ago, EPS was $24.91 in the last fiscal year compared to $19.88 three years ago, ROE was 171.37% in the last year compared to 90.14% three years ago. Forward 12M Revenue is expected to grow by 2.38% over the next 12 months, and the stock is trading with a Forward 12M P/E of 46.03

MORE FROM FORBESMTD

Nordson Corp (NDSN)

Our fourth Top Buy today is Nordson Corp. With operations in 35 countries, Nordson is a company focusing on Precision Dispensing Equipment, Fluid Control Equipment, and Related Processes and Proprietary Technology. Our AI systems rated the company D in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.45% to $233.54 on volume of 159,324 vs its 10-day price average of $230.59 and its 22-day price average of $227.79, and is up 18.81% for the year. Revenue grew by 4.32% in the last fiscal year, Operating Income grew by 17.79% in the last fiscal year and grew by 0.95% over the last three fiscal years, and EPS grew by 22.79% in the last fiscal year. Revenue was $2121.1M in the last fiscal year compared to $2254.67M three years ago, Operating Income was $426.87M in the last fiscal year compared to $498.09M three years ago, EPS was $4.27 in the last fiscal year compared to $6.4 three years ago, and ROE was 14.94% in the last year compared to 28.96% three years ago. Forward 12M Revenue is expected to grow by 2.26% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.82. 

MORE FROM FORBESNordson (NDSN)

Westlake Chemical Partners Lp (WLKP)

Our final Top Buy today is Westlake Chemical Partners. Westlake Chemical Partners is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products. Our AI systems rated the company C in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.31% to $26.11 on volume of 74,863 vs its 10-day price average of $25.84 and its 22-day price average of $26.39, and is up 15.84% for the year. Revenue grew by 10.49% in the last fiscal year, Operating Income grew by 5.82% in the last fiscal year and grew by 6.85% over the last three fiscal years, and EPS grew by 11.53% in the last fiscal year and grew by 39.06% over the last three fiscal years. Revenue was $966.67M in the last fiscal year compared to $1285.62M three years ago, Operating Income was $352.99M in the last fiscal year compared to $349.57M three years ago, EPS was $1.88 in the last fiscal year compared to $1.51 three years ago, and ROE was 36.54% in the last year compared to 34.21% three years ago. Forward 12M Revenue is expected to grow by 19.08% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.88.

MORE FROM FORBESWestlake Chemical Prtnrs (WLKP)

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