The markets started the week on a positive note with major indices in the green. Major tech giants Amazon
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Charter Communications Inc (CHTR)
First on the list today is Charter Communications Inc
Erie Indemnity Co (ERIE)
The next company on our list of Top Buys is Erie Indemnity Co, a company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders. Our AI algorithms have identified factor scores of C in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value for the stock that is up 24.89% this year. Revenue for the company grew by 0.91% to $2477.3M in the last fiscal year, growing by 47.77% compared to $1691.77M three years ago. Operating income in the last fiscal was $357.34M, growing by 22.68% from $290.25M three years ago. EPS grew by 52.92% over the last three fiscal years from $3.76 to $6.06 in the last fiscal year. ROE was 23.53% three years ago and grew to 30.07% in the last year. Revenue is expected to grow slightly by 0.43% over the next 12 months and the stock is currently trading at a forward 12M P/E of 36.12.
Intercontinental Exchange (ICE)
Intercontinental Exchange is the third Top Buy, with factor scores of C in Technical, B in Growth, A in Momentum Volatility, and A in Quality Value. It operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Singapore, Israel, and Canada. The stock is up 3.94% for the year. Digging into the financials, revenue grew by 5.56% in the last fiscal year to $5202.0M and grew by 18.39% over the last three fiscal years. Three years ago, the revenue was $4638.0M. Operating Income grew by 8.42% to $2720.0M in the last fiscal year, growing by 21.66% from $2424.0M three years ago. EPS grew by 9.26% in the last fiscal year to $3.42; lower compared to $4.25 three years ago. ROE was 11.31% last year, dropping from 15.58% three years ago but is still at a healthy level. The stock is trading with a forward 12M P/E of 22.51.
Prestige Consumer Healthcare (PBH)
Prestige Consumer Healthcare develops, manufactures, markets, distributes, and sells over-the-counter healthcare products in North America, Australia, and internationally. Our AI has given factor scores of B in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value and the stock is down 7.26% for the year. As for the financials, revenue dropped to $963.01M in the last fiscal year from $1041.18M three years ago. Operating Income was also under pressure falling from $322.3M three years ago to $300.36M in the last fiscal year. EPS was $2.78 in the last fiscal year compared to $6.34 three years ago. ROE was 12.55% in the last year compared to 33.94% three years ago. The valuation seems reasonable as the stock trades with a forward 12M P/E of 12.48.
Verizon Communications Inc (VZ)
And finally, we have Verizon Communications Inc
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