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Top Stocks To Buy Today As Markets Edge Higher

In our last trading session of March 2021, stocks edged higher with all eyes on President Biden’s potential $2 trillion infrastructure plan. The Dow Jones gained 80 points, the S&P 500 rose 0.4%, and the Nasdaq
NDAQ
recovered and led the way with a 1% jump as bond yields stabilized. The Nasdaq has been a relative underperformer this month, as the Dow and S&P marched to 6.9% and 3.9% gains, respectively. This will be their fourth positive month in five. Private payrolls in March also expanded at their fastest pace since September 2020. 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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Best Buy Co Inc. (BBY)

Consumer electronics retailing giant Best Buy
BBY
is our first Top Buy of the day. Best Buy is the largest specialty retailer in the United States consumer electronics retail industry, and is a Fortune 500 company.  Our AI systems rated Best Buy B in Technicals, B in Growth, B in Low Volatility Momentum, and B in Quality Value. The stock closed up 0.8% to $115.72 on volume of 1,933,136 vs its 10-day price average of $116.39 and its 22-day price average of $110.41, and is up 15.87% for the year. Revenue was $47262.0M in the last fiscal year compared to $42879.0M three years ago, Operating Income was $2587.0M in the last fiscal year compared to $1959.0M three years ago, EPS was $6.84 in the last fiscal year compared to $5.2 three years ago, and ROE was 44.58% in the last year compared to 42.32% three years ago. The stock is also trading with a Forward 12M P/E of 15.73. 

MORE FROM FORBESBest Buy (BBY)

D R Horton Inc (DHI)

D R Horton
DHI
is our second Top Buy for today. D R Horton has been the largest homebuilder by volume in the United States since 2002, and is considered one of the largest corporations in the US in terms of revenue. Our AI systems rated the homebuilding giant C in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.56% to $89.24 on volume of 2,003,460 vs its 10-day price average of $85.78 and its 22-day price average of $82.61, and is up 32.86% for the year. Revenue grew by 9.42% in the last fiscal year and grew by 38.31% over the last three fiscal years, Operating Income grew by 18.4% in the last fiscal year and grew by 69.03% over the last three fiscal years, and EPS grew by 15.38% in the last fiscal year and grew by 94.12% over the last three fiscal years. Revenue was $20311.1M in the last fiscal year compared to $16068.0M three years ago, Operating Income was $2938.9M in the last fiscal year compared to $2058.6M three years ago, EPS was $6.41 in the last fiscal year compared to $3.81 three years ago, and ROE was 21.24% in the last year compared to 17.3% three years ago. Forward 12M Revenue is expected to grow by 4.57% over the next 12 months, and the stock is trading with a Forward 12M P/E of 9.51.

MORE FROM FORBESD.R. Horton (DHI)

Lithia Motors Inc  -Cl A (LAD)

Lithia Motors
LAD
 
is our next Top Buy. Lithia Motors is the third largest automotive retailer in the United States, and is one of only three Oregon-based companies in the Fortune 500. Our AI systems rated the company B in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed up 6.79% to $399.71 on volume of 346,907 vs its 10-day price average of $385.1 and its 22-day price average of $384.46, and is up 40.73% for the year. Revenue was $13124.3M in the last fiscal year compared to $11821.4M three years ago, Operating Income was $708.1M in the last fiscal year compared to $452.6M three years ago, EPS was $19.53 in the last fiscal year compared to $10.86 three years ago, and ROE was 22.78% in the last year compared to 23.3% three years ago. The stock is also trading with a Forward 12M P/E of 19.49.

MORE FROM FORBESLithia Motors (LAD)

Masonite International Corp (DOOR)

Masonite International Corp
DOOR
 
is our fourth Top Buy today. Masonite International is a designer, manufacturer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Our AI systems rated the company D in Technicals, B in Growth, B in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.31% to $115.12 on volume of 110,167 vs its 10-day price average of $115.39 and its 22-day price average of $114.99, and is up 19.92% for the year. Revenue was $2257.07M in the last fiscal year compared to $2170.1M three years ago, Operating Income was $249.46M in the last fiscal year compared to $170.9M three years ago, EPS was $2.77 in the last fiscal year compared to $3.33 three years ago, and ROE was 11.06% in the last year compared to 14.22% three years ago. The stock is also trading with a Forward 12M P/E of 14.19.

MORE FROM FORBESMasonite International (DOOR)

Nvidia Corp (NVDA)

Nvidia
NVDA
 is our final Top Buy today. Nvidia has been one of the hottest and most beloved tech names over the last several years. Nvidia has seen strong demand mostly because of its top of the line GPU drivers. However, the stock has been hurt over the last few weeks thanks to the latest tech headwinds. Our AI systems rated Nvidia C in Technicals, A in Growth, B in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.59% to $514.87 on volume of 4,957,439 vs its 10-day price average of $516.02 and its 22-day price average of $514.14, and is down 1.81% for the year. Revenue was $16675.0M in the last fiscal year compared to $11716.0M three years ago, Operating Income was $4721.0M in the last fiscal year compared to $3804.0M three years ago, EPS was $6.9 in the last fiscal year compared to $6.63 three years ago, and ROE was 29.78% in the last year compared to 49.26% three years ago. The stock is also trading with a Forward 12M P/E of 38.52.

MORE FROM FORBESNVIDIA (NVDA)

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