Investing

Top Stocks To Short Today As Markets Recover Some Losses From Last Week

Galvanized stocks recovered some of last week’s losses led by Goldman Sachs
GS
’ earnings and incoming Treasury Secretary Janet Yellen’s expected remarks calling for more stimulus. Goldman crushed its earnings estimates thanks to an influx of new traders, while Yellen’s prepared remarks stated that the smartest thing to do right now, despite the debt burden, is to “act big.” The Dow rose 120 points or 0.4% on this news, the S&P 500 gained 0.5%, and the Nasdaq
NDAQ
jumped 0.7%. Indicators also showed an improvement in the vaccine rollout process, with President-elect Biden’s 100 million doses in the first 100-day goal looking reachable. Stocks that should benefit most from the further stimulus and a faster vaccine rollout led the market today. Norwegian Cruise Line
NCLH
and Royal Caribbean
RCL
each gained more than 1%, Boeing
BA
also rose 2%, while American Airlines
AAL
gained 2.7%. Apple
AAPL
, Microsoft
MSFT
, Alphabet, and Facebook also gained at least 1%. With all of this news, the deep learning algorithms at Q.ai have crunched the data to give you a set of Top Shorts. Our Artificial Intelligence (“AI”) systems assessed each firm on parameters of Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best short plays.

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Bright Horizons Family Soltn (BFAM)

Bright Horizons Family Solutions is our first Top Short today. Bright Horizons is the largest provider of employer-sponsored child care in the country. The company offers other services as well such as back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. Our AI systems rated Bright Horizons D in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.6% to $158.35 on volume of 412,964 vs its 10-day price average of $161.91 and its 22-day price average of $165.31, and is down 3.7% for the year. Revenue was $2062.02M in the last fiscal year compared to $1740.9M three years ago, Operating Income was $269.0M in the last fiscal year compared to $209.11M three years ago, EPS was $3.05 in the last fiscal year compared to $2.59 three years ago, and ROE was 20.61% in the last year compared to 21.85% three years ago. Forward 12M Revenue is expected to grow by 12.18% over the next 12 months, and the stock is trading with a Forward 12M P/E of 102.04.

MORE FROM FORBESBright Horizons (BFAM)

Western Digital Corp (WDC)

Computing company Western Digital
WDC
is our next Top Short of the day. Western Digital is best known for designing, manufacturing, and selling data technology products such as storage devices, data center systems, and cloud storage services. Out AI systems rated the company F in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.67% to $51.21 on volume of 5,866,794 vs its 10-day price average of $51.78 and its 22-day price average of $51.64, and is up 1.95% for the year. Operating Income grew by 31.52% in the last fiscal year, while EPS grew by -86.37% in the last fiscal year. Revenue was $16736.0M in the last fiscal year compared to $20647.0M three years ago, Operating Income was $368.0M in the last fiscal year compared to $3830.0M three years ago, EPS was $(0.84) in the last fiscal year compared to $2.2 three years ago, and ROE was (2.56%) in the last year compared to 5.88% three years ago. Forward 12M Revenue is expected to grow by 2.62% over the next 12 months, and the stock is trading with a Forward 12M P/E of 14.51.

MORE FROM FORBESWestern Digital (WDC)

Outfront Media Inc (OUT)

Outfront Media Inc
OUT
is our third Top Short today. Outfront Media is one of the largest outdoor media companies in North America, and operates both billboards and transit displays. Our AI systems rated Outfront Media C in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.85% to $19.28 on volume of 1,263,235 vs its 10-day price average of $19.22 and its 22-day price average of $19.38, and is up 3.94% for the year. Revenue was $1782.2M in the last fiscal year compared to $1520.5M three years ago, Operating Income was $305.6M in the last fiscal year compared to $233.8M three years ago, EPS was $0.97 in the last fiscal year compared to $0.9 three years ago, and ROE was 12.38% in the last year compared to 10.23% three years ago. Forward 12M Revenue is also expected to grow by 13.29% over the next 12 months.

MORE FROM FORBESOUTFRONT Media (OUT)

Healthpeak Properties Inc (PEAK)

Healthpeak Properties Inc is our next Top Short. Healthpeak is a REIT that invests in healthcare related real estate such as senior housing, life science, and medical offices. Our AI systems rated the REIT F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.37% to $29.96 on volume of 2,729,062 vs its 10-day price average of $29.05 and its 22-day price average of $29.51, and is up 3.7% for the year. Revenue grew by 15.3% in the last fiscal year and grew by 24.6% over the last three fiscal years, and EPS grew by 554.39% in the last fiscal year. Revenue was $1997.38M in the last fiscal year compared to $1848.38M three years ago, Operating Income was $357.32M in the last fiscal year compared to $407.67M three years ago, EPS was $0.09 in the last fiscal year compared to $0.88 three years ago, and ROE was 0.91% in the last year compared to 7.33% three years ago. The stock is also trading with a Forward 12M P/E of 85.7.

MORE FROM FORBESHealthpeak Properties (PEAK)

Portland General Electric Co (POR)

Portland General Electric Co
POR
is our final Top Short for the day. Portland General Electric is a public utility company responsible for distributing electricity to nearly 44% of Oregon. Our AI systems rated the company F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.05% to $43.32 on volume of 646,142 vs its 10-day price average of $42.01 and its 22-day price average of $41.84, and is up 4.97% for the year. Revenue grew by 0.66% in the last fiscal year and grew by 6.37% over the last three fiscal years, Revenue was $2123.0M in the last fiscal year compared to $2009.0M three years ago, Operating Income was $348.0M in the last fiscal year compared to $373.0M three years ago, EPS was $2.39 in the last fiscal year compared to $2.1 three years ago, and ROE was 8.4% in the last year compared to 7.86% three years ago. Forward 12M Revenue is expected to grow by 2.37% over the next 12 months, and the stock is trading with a Forward 12M P/E of 17.93.

MORE FROM FORBESPortland General Electric (POR)

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