The Dow Jones rose 60 points, the S&P 500 ticked up 0.2%, and the Nasdaq climbed 0.4% to hit its own intraday record. Make the most of this market with today’s Top Buys from Q.ai’s artificial intelligence.
The S&P opened Friday’s session with a remarkable 7th straight intraday record. It can thank a blowout June jobs report for that. The U.S. added 850,000 jobs in June, crushing estimates of 706,000 and dwarfing May’s 559,000 total in the process. The Dow Jones rose 60 points, the S&P 500 ticked up 0.2%, and the Nasdaq climbed 0.4% to hit its own intraday record. The Nasdaq has led the way for the week and was up 1.1% as of Thursday’s close. The S&P 500 and Dow were also up about 0.9% and 0.6%, respectively. 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. Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open. Arista Networks Inc is today’s first Top Buy. Arista Networks is a major player in the development, marketing, and sale of cloud networking solutions. 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 0.3% to $363.39 on volume of 327,032 vs its 10-day price average of $363.94 and its 22-day price average of $360.56, and is up 28.33% for the year. Revenue grew by 6.24% in the last fiscal year and grew by 14.44% over the last three fiscal years, Operating Income grew by 6.35% in the last fiscal year and grew by 10.73% over the last three fiscal years, and EPS grew by 6.79% in the last fiscal year and grew by 110.35% over the last three fiscal years. Revenue was $2317.51M in the last fiscal year compared to $2151.37M three years ago, Operating Income was $706.28M in the last fiscal year compared to $678.35M three years ago, EPS was $7.99 in the last fiscal year compared to $4.06 three years ago, and ROE was 20.42% in the last year compared to 17.25% three years ago. Forward 12M Revenue is expected to grow by 2.16% over the next 12 months, and the stock is trading with a Forward 12M P/E of 34.88. Fiserv Inc is our second Top Buy today.
