Despite President Trump’s late night comments calling the $900 billion stimulus package an unsuitable “disgrace,” and asking to be sent a “suitable bill or else the next administration will have to deliver a COVID relief package,” markets edged higher. Investors seemed to be focused on improving jobless claims, and an easing of fears from the mutant coronavirus strain based in the UK. US jobless claims totaled 803,000 during the week ending December 19 and was better than the estimate of 880,000. Fears of the allegedly more contagious mutant virus strain out of the UK were eased as well as experts claimed the vaccines in production would be effective against the new strain. The Dow Jones rose 200 points, while the S&P gained 0.5% and looked to end a 3-day losing streak. The Nasdaq
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Inphi Corp (IPHI)
Inphi Corp is our first Top Short today. Inphi produces 10G-800G high-speed analog and mixed-signal semiconductor components for networking, manufacturers, and cloud and telecom service providers. Our AI systems rated the company F in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.09% to $158.47 on volume of 560,089 vs its 10-day price average of $154.55 and its 22-day price average of $152.69, and is up 107.83% for the year. Revenue grew by 63.64% in the last fiscal year and grew by 71.83% over the last three fiscal years, Operating Income grew by -63.7% in the last fiscal year and grew by -22.59% over the last three fiscal years, and EPS grew by -21.29% in the last fiscal year and grew by -28.72% over the last three fiscal years. Revenue was $365.64M in the last fiscal year compared to $348.2M three years ago, Operating Income was $(49.45)M in the last fiscal year compared to $(23.18)M three years ago, EPS was $(1.61) in the last fiscal year compared to $(1.78) three years ago, and ROE was (20.44%) in the last year compared to (17.14%) three years ago. Forward 12M Revenue is expected to grow by 13.17% over the next 12 months, and the stock is trading with a Forward 12M P/E of 44.05.
Liveperson Inc (LPSN)
Software company Liveperson Inc
Maxar Technologies Inc (MAXR)
Space technology company Maxar Technologies
Redfin Corp (RDFN)
Our fourth Top Short today is Redfin Corp
2U Inc (TWOU)
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