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Top Stocks To Buy Today As Markets Look Ahead To Rising Tax Concerns

On Friday, the Dow ticked up 70 points, the S&P 500 rose 0.5%, and the Nasdaq
NDAQ
climbed 0.8%. However, the indices are on pace for a losing week amid fresh concerns of rising taxes. The market is coming off a volatile sell-off occurring thanks to news that the Biden administration wants to nearly double the capital gains tax rate for investors worth over $1 million. The proposal would hike the capital gains rate to 39.6% from 20%, and as high as 43.4% for the wealthiest. Meanwhile, raising the corporate tax rate to 28% is still in discussion as a way to fund the $2 trillion infrastructure bill. 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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Aes Corp (The) (AES)

Aes Corp
AES
 
is our first Top Buy today. The company is one of the world’s leading power companies, and generates and distributes electric power in 15 countries. Our AI systems rated Aes Corp B in Technicals, C in Growth, C in Low Volatility Momentum, and A in Quality Value. The stock closed down 0.25% to $28.32 on volume of 4,960,588 vs its 10-day price average of $28.25 and its 22-day price average of $27.4, and is up 22.6% for the year. Revenue was $9660.0M in the last fiscal year compared to $10736.0M three years ago, Operating Income was $2344.0M in the last fiscal year compared to $2372.0M three years ago, EPS was $0.06 in the last fiscal year compared to $1.81 three years ago, and ROE was 2.96% in the last year compared to 25.53% three years ago. The stock is also trading with a Forward 12M P/E of 18.23.

MORE FROM FORBESAES (AES)

The Estée Lauder Companies (EL)

The Estée Lauder Companies is today’s second Top Buy. The Estée Lauder Companies is a consumer products conglomerate. The company engages in the manufacturing of skin care, makeup, fragrance and hair care products, and is best known for brand names such as Estée Lauder, Clinique, Origins, MžAžC, Bobbi Brown, La Mer, Jo Malone London, Aveda, and Too Faced. Our AI systems rated the company A in Technicals, C in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 0.72% to $312.09 on volume of 778,175 vs its 10-day price average of $307.07 and its 22-day price average of $298.56, and is up 22.62% for the year. Revenue grew by 3.71% over the last three fiscal years, Operating Income grew by 2.14% in the last fiscal year, and EPS grew by 35.86% in the last fiscal year. Revenue was $14294.0M in the last fiscal year compared to $13683.0M three years ago, Operating Income was $2101.0M in the last fiscal year compared to $2258.0M three years ago, EPS was $1.86 in the last fiscal year compared to $2.95 three years ago, and ROE was 16.62% in the last year compared to 24.52% three years ago. Forward 12M Revenue is expected to grow by 6.63% over the next 12 months, and the stock is trading with a Forward 12M P/E of 48.58. 

MORE FROM FORBESThe Estée Lauder Companies (EL)

Kearny Financial Corp (KRNY) 

Kearny Financial Corp is our next Top Buy.  Kearny Financial Corp is the holding company for Kearny Bank, a full-service community bank based in New Jersey. Our AI systems rated the company C in Technicals, B in Growth, A in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.72% to $12.34 on volume of 208,537 vs its 10-day price average of $12.33 and its 22-day price average of $12.3, and is up 19.11% for the year. Revenue grew by 9.37% in the last fiscal year and grew by 36.77% over the last three fiscal years, Operating Income grew by 17.37% in the last fiscal year and grew by 69.07% over the last three fiscal years, and EPS grew by 12.81% in the last fiscal year and grew by 159.41% over the last three fiscal years. Revenue was $164.88M in the last fiscal year compared to $131.85M three years ago, Operating Income was $60.87M in the last fiscal year compared to $42.26M three years ago, EPS was $0.55 in the last fiscal year compared to $0.24 three years ago, and ROE was 4.07% in the last year compared to 1.68% three years ago. Forward 12M Revenue is expected to grow by 1.16% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.79.

MORE FROM FORBESKearny Financial (KRNY)

Omnicom Group (OMC)

Omnicom Group Inc
OMC
is our fourth Top Buy today. Omnicom Group is a global media, marketing and corporate communications holding company, specializing in advertising, customer relationship management, public relations and specialty services. Our AI systems rated the company D in Technicals, D in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.06% to $80.64 on volume of 3,069,952 vs its 10-day price average of $79.26 and its 22-day price average of $77.45, and is up 33.69% for the year. Revenue was $13171.1M in the last fiscal year compared to $15290.2M three years ago, Operating Income was $1733.8M in the last fiscal year compared to $2047.2M three years ago, EPS was $4.37 in the last fiscal year compared to $5.83 three years ago, ROE was 27.71% in the last year compared to 43.09% three years ago. Forward 12M Revenue is expected to grow by 0.34% over the next 12 months, and the stock is trading with a Forward 12M P/E of 13.46.

MORE FROM FORBESOmnicom Group (OMC)

Techtarget Inc (TTGT)

Techtarget Inc is our final Top Buy today. Techtarget offers data-driven marketing services to B2B technology vendors. It uses purchase intent data gleaned from one of its 140 + tech-focused websites to help these B2B vendors reach potential buyers that actively research relevant IT products and services. Our AI systems Techtarget rated A in Technicals, B in Growth, C in Low Volatility Momentum, and B in Quality Value. The stock closed up 2.6% to $75.05 on volume of 217,420 vs its 10-day price average of $73.6 and its 22-day price average of $71.52, and is up 26.67% for the year. Revenue was $148.38M  in the last fiscal year compared to $121.33M three years ago, Operating Income was $27.82M in the last fiscal year compared to $16.62M three years ago, EPS was $0.61 in the last fiscal year compared to $0.45 three years ago, and ROE was 9.6% in the last year compared to 10.23% three years ago. The stock is also trading with a Forward 12M P/E of 43.38.

MORE FROM FORBESTechTarget (TTGT)

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