With the stock market rising, investors are on the lookout for good buys. The price to earnings ratio in the stock market is 18 and considering that the historical standards are high in the market, it is critical. A note from Jefferies showed companies that have had high sales along with an EPS growth in the previous four quarters. The stock that were picked as top performers are Cisco Systems Inc. (NASDAQ:CSCO), Ambarella Inc. (NASDAQ:AMBA), Ross Stores Inc. (NASDAQ:ROST), Apple Inc. (NASDAQ:AAPL) and Rite Aid Corp. (NYSE:RAD).
Cisco Systems Inc. (NASDAQ:CSCO) is a blue tech stock that trades lesser than the 10 times that of its price to earnings. The networking company has fought many headwinds in the market with such as up and down demand from carriers, emerging market weaknesses and threats. The company’s investors have a solid dividend of 2.95% with a consensus target price of $30.17. Cisco Systems Inc. (NASDAQ:CSCO)’s shares closed at $28.26 on Thursday.
The second in line is Rite Aid Corp. (NYSE:RAD) that has been in market eyes for quite a while now, due to its rumors of being purchased by Walgreens Boots Alliance Inc. The company is a leader in drugstore chains in the company. The Wall Street is witnessing the company as a favorable health care positioned store with its geographic overlap within Medicaid expansion. The consensus price target is $9.50 with the stock closing at $8.23/share on Thursday.
Another in the list is Ross Stores Inc. (NASDAQ:ROST) which is on a hot streak at the moment. Last year, Jim Cramer from CNBC said that the company’s stores are on the road to excellent growth. The stock is hot at the moment with investors being paid a 0.9% dividend. Its consensus price target is $104.76 with shares closing at $106.74 on Thursday. Ambarella Inc. (NASDAQ:AMBA) is another stock that that is going well in the market.
With its high definition video capture, display and sharing, its solutions are helping video content creation, aftermarket automotive cameras, digital still cameras, internet protocol cameras for security and IP video traffic. The consensus target price for Thomson is $71.36 with shares closing at $69.25 on Thursday. Last on the list is Apple Inc. (NASDAQ:AAPL) that slashed earnings estimates as was reported in January. With iPhone 6 sales on the rise, the firm has been in a good state ever since.
Analysts at Wall Street stated that after the introduction of the iPhone, the tech giant has changed the mobility world and changed the company. The tech giant relies heavily on the sales of its smartphones for success. Its Apple Pay is also doing well as it kicked off with a good start with high margin revenue. It has a $145 billion cash pile with capital allocation strategies. The consensus target is $139.05 and the shares of the company closed at $127.49 in the market.
