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Asgn Inc Ranked Among Today’s Top Buys As September Trading Month Comes To A Close

Jobless claims disappointed and came in at 362,000 vs. the expected 330,000. Yet, while the sputtering labor market’s recovery is yet another negative catalyst for the market, the indices saw a nice little bounce to end off a dreary September. The Senate’s temporary deal avoiding a government shutdown until December, and the House’s deal extending the debt ceiling, helped sentiment. On the heels of this, the Dow Jones gained 107 points, or 0.3%, the S&P 500 added 0.3%, and Nasdaq
NDAQ
bounced back 0.4%. But, it’s been a rough month, even by September’s standards. We’ve faced numerous crises this month not named COVID. There’s a real estate crisis in China akin to 2008’s in the U.S., and inflation (no matter what anyone says) that’s proving to be longer-lasting and nowhere near transitory. Not to mention, interest rates have surged like they did earlier in the year, sparked by the Federal Reserve signaling it would start removing stimulus soon. There’s also a little something called the debt ceiling that Congress needs to figure out. Otherwise, we could run out of cash and default on our sovereign debt for the first time in history. However, the indices liked the tone of Senate Majority Leader Chuck Schumer and rose. Which way will the market go in October? 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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Asgn Inc (ASGN)

Asgn Inc is today’s first Top Buy. Asgn is a company which helps leading corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions. Our AI systems rated the company B in Technicals, C in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.78% to $115.28 on volume of 149,881 vs its 10-day price average of $113.68 and its 22-day price average of $112.99, and is up 43.1% for the year. Revenue grew by 4.67% in the last fiscal year and grew by 21.63% over the last three fiscal years, Operating Income grew by 6.93% in the last fiscal year and grew by 21.93% over the last three fiscal years, EPS grew by 9.28% in the last fiscal year and grew by 37.88% over the last three fiscal years. Revenue was $3950.6M in the last fiscal year compared to $3399.8M three years ago, Operating Income was $310.4M in the last fiscal year compared to $272.2M three years ago, EPS was $3.76 in the last fiscal year compared to $2.98 three years ago, and ROE was 13.52% in the last year compared to 14.54% three years ago. Forward 12M Revenue is expected to grow by 4.31% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.81. 

MORE FROM FORBESAsgn (ASGN)

Builders Firstsource (BLDR)

Builders Firstsource is our second Top Buy today. Builders Firstsource supplies and manufactures building materials, manufactured components, and construction services for professional homebuilders, sub-contractors, remodelers, and consumers. 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 0.04% to $53.92 on volume of 1,439,717 vs its 10-day price average of $53.52 and its 22-day price average of $53.63, and is up 35.38% for the year. Revenue grew by 70.31% in the last fiscal year and grew by 88.7% over the last three fiscal years, Operating Income grew by 138.93% in the last fiscal year and grew by 252.18% over the last three fiscal years, and EPS grew by 105.86% in the last fiscal year and grew by 211.13% over the last three fiscal years. Revenue was $8558.87M in the last fiscal year compared to $7724.77M three years ago, Operating Income was $543.85M in the last fiscal year compared to $368.97M three years ago, EPS was $2.66 in the last fiscal year compared to $1.76 three years ago, and ROE was 31.71% in the last year compared to 42.2% three years ago. The stock is also trading with a Forward 12M P/E of 11.04. 

MORE FROM FORBESBuilders FirstSource (BLDR)

Lowe’s Cos Inc (LOW)

Lowe’s Cos Inc is our next Top Buy. 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 0.81% to $207.1 on volume of 2,678,368 vs its 10-day price average of $207.69 and its 22-day price average of $206.08, and is up 29.13% 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 18.06. 

MORE FROM FORBESLowe’s (LOW)

Louisiana-Pacific Corp (LPX)

Louisiana-Pacific Corp is today’s fourth Top Buy. Louisiana-Pacific is a building materials manufacturer and pioneered the U.S. production of oriented strand board panels. Our AI systems rated Louisiana-Pacific A in Technicals, A in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 1.01% to $63.74 on volume of 777,235 vs its 10-day price average of $61.4 and its 22-day price average of $62.21, and is up 72.6% for the year. Revenue grew by 43.36% in the last fiscal year and grew by 41.34% over the last three fiscal years, Operating Income grew by 143.54% in the last fiscal year and grew by 200.37% over the last three fiscal years, and EPS grew by 160.79% in the last fiscal year and grew by 325.71% over the last three fiscal years. Revenue was $2788.0M in the last fiscal year compared to $2828.0M three years ago, Operating Income was $666.0M in the last fiscal year compared to $540.0M three years ago, EPS was $4.46 in the last fiscal year compared to $2.73 three years ago, and ROE was 44.28%  in the last year compared to 24.15%  three years ago. The stock is also trading with a Forward 12M P/E of 6.97.

MORE FROM FORBESLouisiana-Pacific (LPX)

Gates Industrial Corp Plc (GTES)

Gates Industrial Corp Plc is our final Top Buy today. Gates is a global manufacturer of power transmission and fluid power solutions. Our AI systems rated the company C in Technicals, A in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.86% to $16.47 on volume of 970,518 vs its 10-day price average of $16.29 and its 22-day price average of $16.52, and is up 31.76% 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 3.0% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.49.

MORE FROM FORBESGates (GTES)

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