, Artificial Intelligence Ranks Cummins Inc Among Today’s Top Buys, The Nzuchi News Forbes

Artificial Intelligence Ranks Cummins Inc Among Today’s Top Buys

The indices closed out May with a bang amid more economic optimism. June has started roughly the same way, with the S&P 500 inching towards yet another record. The Dow rose 70 points, the S&P 500 ticked up 0.15%, and the Nasdaq squeaked up 0.08%. Reopening plays were somewhat lagging, such as Carnival Corp, MGM Resorts, and Wynn Resorts, while meme stocks like AMC surged again. AMC rose another 20% after popping 22% on Tuesday after raising $230.5 million through a stock sale. Zoom Video, the quintessential pandemic play, also saw gains of over 1% after announcing blowout earnings, with sales growing an astonishing 191% in Q1. While inflation fears are still very palpable, the indices continue to maintain their positions around all-time highs. 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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Cummins Inc (CMI)

Our first Top Buy of the day is Cummins Inc. Cummins Inc. is an industrial company that designs, manufactures and markets diesel and natural gas engines. Our AI systems rated the company A in Technicals, B in Growth, A in Low Volatility Momentum, and B in Quality Value. The stock closed up 1.74% to $261.76 on volume of 1,035,915 vs its 10-day price average of $257.35 and its 22-day price average of $259.83, and is up 18.25% for the year. Revenue grew by 5.46% in the last fiscal year, Operating Income grew by 7.69% in the last fiscal year, and EPS grew by 5.45% in the last fiscal year. Revenue was $19811.0M in the last fiscal year compared to $23771.0M three years ago, Operating Income was $1912.0M in the last fiscal year compared to $2392.0M three years ago, EPS was $12.01 in the last fiscal year compared to $13.15 three years ago, and ROE was 20.75% in the last year compared to 26.63% three years ago. Forward 12M Revenue is expected to grow by 1.79% over the next 12 months, and the stock is trading with a Forward 12M P/E of 15.46.

MORE FROM FORBESCummins (CMI)

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Hni Corp (HNI) 

Hni Corp is our second Top Buy of the day. HNI Corp is one of the largest office furniture manufacturers in the world, and is also the world’s leading hearth products company, manufacturing and marketing gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories. Our AI systems rated the company C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 2.26% to $46.65 on volume of 202,729 vs its 10-day price average of $45.22 and its 22-day price average of $44.45, and is up 39.96% for the year. Revenue grew by 0.8% in the last fiscal year, Operating Income grew by 8.75% in the last fiscal year, and EPS grew by 90.85% in the last fiscal year. Revenue was $1955.36M in the last fiscal year compared to $2257.9M three years ago, Operating Income was $106.99M in the last fiscal year, compared to $143.9M three years ago, EPS was $0.98 in the last fiscal year compared to $2.11 three years ago, and ROE was 7.13% in the last year compared to 17.32% three years ago. Forward 12M Revenue is expected to grow by 0.8% over the next 12 months, and the stock is trading with a Forward 12M P/E of 22.0.

MORE FROM FORBESHNI (HNI)

Kraft Heinz Co (KHC) 

Consumer products giant Kraft Heinz is our next Top Buy today. Kraft Heinz owns and operates some of the most well known food and beverage products in the world, including convenient meals, refreshment beverages and coffee, cheese and other grocery products. The company operates through six segments: Beverages, Cheese, Refrigerated Meals, Meals & Desserts, Enhancers & Snack Nuts and Canada. Our AI systems rated the company A in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.6% to $43.85 on volume of 3,496,844 vs its 10-day price average of $43.9 and its 22-day price average of $43.4, and is up 28.1% for the year. Revenue grew by 0.91% in the last fiscal year and grew by 0.59% over the last three fiscal years, Operating Income grew by 5.42% in the last fiscal year, and EPS grew by 52.34% in the last fiscal year and grew by -105.28% over the last three fiscal years. Revenue was $26185.0M in the last fiscal year compared to $26268.0M three years ago, Operating Income was $5887.0M in the last fiscal year compared to $6360.0M three years ago, EPS was $0.29 in the last fiscal year compared to $(8.36) three years ago, and ROE was 0.71% in the last year compared to (17.4%) three years ago. The stock is also trading with a Forward 12M P/E of 17.03.

MORE FROM FORBESKraft Foods (KHC)

Sei Investments Co (SEIC) 

Sei Investments Co is our fourth Top Buy. SEI Investments Co provides investment processing, investment management, and investment operations solutions for corporations, financial institutions, financial advisors, and ultra-high-net-worth families. 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 0.03% to $63.42 on volume of 388,810 vs its 10-day price average of $62.88 and its 22-day price average of $62.67, and  is up 11.4% for the year. Revenue grew by 2.43% in the last fiscal year and grew by 6.21% over the last three fiscal years, Operating Income grew by 5.06% in the last fiscal year and grew by 6.2% over the last three fiscal years, and EPS grew by 5.64% in the last fiscal year and grew by 0.93% over the last three fiscal years. Revenue was $1684.06M in the last fiscal year compared to $1624.17M three years ago, Operating Income was $446.78M in the last fiscal year compared to $441.99M three years ago, EPS was $3.0 in the last fiscal year compared to $3.14 three years ago, and ROE was 25.72% in the last year compared to 32.96% three years ago. Forward 12M Revenue is expected to grow by 1.34% over the next 12 months, and the stock is trading with a Forward 12M P/E of 16.89.

MORE FROM FORBESSEI Investments (SEIC)

Western Union Co (WU) 

Western Union Co is our final Top Buy today. Western Union is a giant in the areas of money transfers and payment services. It operates through Consumer-to-Consumer and Business Solutions segments. Our AI systems rated the company C in Technicals, C in Growth, A in Low Volatility Momentum, and A in Quality Value. The stock closed up 0.45% to $24.58 on volume of 2,972,281 vs its 10-day price average of $24.59 and its 22-day price average of $24.95, and is up 12.91% for the year. Revenue grew by 0.41% in the last fiscal year, while EPS grew by 1.13% in the last fiscal year. Revenue was $4835.0M in the last fiscal year compared to $5589.9M three years ago, Operating Income was $992.0M in the last fiscal year compared to $1110.4M three years ago, EPS was $1.79 in the last fiscal year compared to $1.87 three years ago, and ROE was 1011.96% in the last year. Forward 12M Revenue is expected to grow by 1.17% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.57.

MORE FROM FORBESWestern Union (WU)

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