Investing

Top Stocks To Short Today As The Comeback Continues

Tech’s sharp comeback continued for the second day in a row. After rising bond yields and inflation fears spooked investors for weeks, causing a rotation into recovery and reopening plays and out of frothy tech names, we’ve seen massive gains for the Nasdaq
NDAQ
the last two sessions. Wednesday’s gains, however, looked to be a lot broader than Tuesday’s. The Dow surged 350 points to an intraday record, while the S&P 500 advanced 0.8%, and the Nasdaq surged 1.5% and built on its 3.7% gain on Tuesday. Time will tell if the Nasdaq can keep this pace up after hitting correction territory twice in the last week. But the sentiment is undoubtedly stabilizing. The 10-year yield remained stable at around 1.54%, and data from February consumer prices increased 0.4%, matching estimates and significantly easing inflation fears. Plus, the $1.9 trillion stimulus bill looks as if it will pass within hours. 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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Cinemark Holdings Inc (CNK)

Cinemark Holdings is our first Top Short of the day. The Texas based Cinemark owns and operates a chain of movie theatres. As the future of movie theatres is in question right now, our AI systems rated Cinemark C in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.04% to $23.98 on volume of 2,877,032 vs its 10-day price average of $23.79 and its 22-day price average of $22.3, and is up 48.39% for the year. Revenue was $686.31M in the last fiscal year compared to $3221.74 three years ago, Operating Income was $(590.82)M in the last fiscal year compared to $459.42M three years ago, EPS was $(5.25) in the last fiscal year compared to $1.83 three years ago, and ROE was (54.99%) in the last year compared to 15.3% three years ago.

MORE FROM FORBESCinemark Holdings (CNK)

Carvana Co (CVNA)

Carvana is our 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 7.97% to $260.42 on volume of 1,523,478 vs its 10-day price average of $278.01 and its 22-day price average of $286.18, and is up 10.22% 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. 

MORE FROM FORBESCarvana (CVNA)

Liberty Media Formula One (FWONK)

Liberty Media Formula One is our third Top Short today. The company, which also has interests with Sirius XM Radio and the MLB’s Atlanta Braves, owns iconic global motorsports franchise Formula One. Our AI systems rated the media conglomerate B in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.5% to $45.83 on volume of 791,829 vs its 10-day price average of $45.0 and its 22-day price average of $45.19, and is up 12.14% for the year. Revenue was $1145.0M in the last fiscal year compared to $1827.0M three years ago, Operating Income was $(444.0)M in the last fiscal year compared to $(110.0)M three years ago, EPS was $(2.57) in the last fiscal year compared to $(0.65) three years ago, and ROE was (10.07%) in the last year compared to (2.67%) three years ago. 

MORE FROM FORBESLiberty Media Formula One (FWON.K:)

Tripadvisor Inc (TRIP)

Tripadvisor
TRIP
 
is our final Top Short of the day. The company is an online travel company that operates both a website and mobile app with user-generated content and ratings. Its platform also offers online hotel reservations and bookings for transportation, lodging, travel experiences, and restaurants. Our AI systems rated Tripadvisor F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 5.73% to $50.35 on volume of 3,470,608 vs its 10-day price average of $49.93 and its 22-day price average of $43.79, and is up 77.85% for the year. Revenue was $604.0M in the last fiscal year compared to $1615.0M three years ago, Operating Income was $(297.0)M in the last fiscal year compared to $183.0M three years ago, EPS was $(2.14) in the last fiscal year compared to $0.81 three years ago, and ROE was (28.24%) in the last year compared to 7.97% three years ago. 

MORE FROM FORBESTripAdvisor (TRIP)

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