The Nasdaq has been red hot this week after bond yields and inflation fears temporarily stabilized. However, after the 10-year popped 8 basis points overnight, those ugly headwinds returned to close out the week. The Dow rose 50 points, while the S&P 500 fell 0.4%, and the Nasdaq dropped 1.4%. Although the Nasdaq is up 3.7% week-to-date, Ned Davis Research put out a report estimating that the index could fall another 20% if the 10-year yield exceeds 2%. On the backdrop of this news, stocks like Tesla
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Cal-Maine Foods Inc (CALM)
Carvana Co (CVNA)
Carvana is today’s next Top Short. The company is a major innovator and disruptor in the car industry, and is a robust online used car dealer. Our AI systems rated Carvana F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 6.37% to $277.04 on volume of 1,247,717 vs its 10-day price average of $276.9 and its 22-day price average of $284.41, and is up 17.26% for the year. Revenue was $5586.56M in the last fiscal year compared to $1955.47M three years ago, Operating Income was $(332.4)M in the last fiscal year compared to $(220.73)M three years ago, EPS was $(2.63) in the last fiscal year compared to $(2.03) three years ago, and ROE was (93.05%) in the last year compared to (100.5%) three years ago.
Hess Corp (HES)
Sabre Corp (SABR)
Our fourth Top Short of the day is Sabre Corp
Pinterest Inc (PINS)
Our final Top Short of the day is social media platform Pinterest. Pinterest is an image sharing and social media service, and as of August 2020, had over 400 million monthly active users. Our AI systems rated Pinterest C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 4.22% to $71.88 on volume of 10,074,783 vs its 10-day price average of $72.73 and its 22-day price average of $78.87, and is up 5.6% for the year. Revenue was $1692.66M in the last fiscal year compared to $755.93M three years ago, Operating Income was $(53.0)M in the last fiscal year compared to $(74.72)M three years ago, EPS was $(0.22) in the last fiscal year compared to $(0.5) three years ago, and ROE was (6.02%) in the last year compared to (7.02%) three years ago. The stock is also trading with a Forward 12M P/E of 86.16.
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