Market

AI Identifies American Airlines Group Inc Among Today’s Top Shorts To Close September Trading

Mercifully, it’s the final trading day of September. While the market did not have a correction per se, it was a turbulent month, even by September’s standards. Before the market’s open on September 30th, the Dow
DOW
was down 2.7% for the month, the S&P 500 was down 3.6%, and the Nasdaq
NDAQ
was most notably down 4.9%. Every other day there was some sort of negative catalyst weighing on the market’s sentiment, and we’re about to enter October with more of them. Be that as it may, the indices were set to gain and end the month on a positive note. The Dow Jones gained 107 points, or 0.3%, the S&P 500 added 0.3%, and Nasdaq bounced back 0.4% after plummeting thanks to rising bond yields. Sentiment also got a boost as the Senate agreed to a deal avoiding a government shutdown. The House would then need to pass it. Meanwhile, the House also passed a resolution expanding the debt ceiling, which will almost certainly fail the 60/40 required vote in the Senate. So we will see how this progresses, as the Treasury Dept. warned we could default or run out of money by October 18th if it doesn’t. If you’re looking for a way to play this market, 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.   

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

American Airlines Group Inc (AAL)

American Airlines is our first Top Short today. American Airlines is the largest airline in the world in terms of the number of passengers carried, fleet size, and scheduled passenger-kilometers. While the upside is evident for airline travel, due to pent-up demand, nobody truly knows when travel demand will return to pre-pandemic levels. Our AI systems rated American Airlines D in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.96% to $21.01 on volume of 20,467,900 vs its 10-day price average of $20.64 and its 22-day price average of $20.02, and is up 38.86% for the year. Revenue grew by 7.78% in the last fiscal year, Operating Income grew by -10.81% in the last fiscal year, and EPS grew by -46.38% in the last fiscal year. Revenue was $17337.0M in the last fiscal year compared to $44541.0M three years ago, Operating Income was $(11058.0)M in the last fiscal year compared to $3757.0M three years ago, and EPS was $(18.36) in the last fiscal year compared to $3.03 three years ago. Forward 12M Revenue is also expected to grow by 31.89% over the next 12 months. 

MORE FROM FORBESAmerican Airlines Group (AAL)

Arvinas Inc (ARVN)

Arvinas Inc is today’s next Top Short. Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients suffering from debilitating and life-threatening diseases. Our AI systems rated the company D in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.87% to $82.57 on volume of 261,817 vs its 10-day price average of $90.64 and its 22-day price average of $90.67, and is down 1.51% for the year. Revenue grew by 45.9% over the last three fiscal years, while EPS grew by -85.58% over the last three fiscal years. Revenue was $21.8M in the last fiscal year compared to $14.32M three years ago, Operating Income was $(124.86)M in the last fiscal year compared to $(43.8)M three years ago, EPS was $(3.02) in the last fiscal year compared to $(25.45) three years ago, and ROE was (27.47%) in the last year compared to (60.57%) three years ago. Forward 12M Revenue is also expected to grow by 32.55% over the next 12 months.

MORE FROM FORBESArvinas (ARVN)

Cinemark Holdings Inc (CNK)

Cinemark Holdings is our third Top Short for the day. The Texas-based Cinemark owns and operates a chain of movie theatres. Our AI systems rated Cinemark D in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.22% to $19.13 on volume of 3,147,040 vs its 10-day price average of $18.38 and its 22-day price average of $17.88, and is up 18.38% 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. Forward 12M Revenue is also expected to grow by 69.28% over the next 12 months. 

MORE FROM FORBESCinemark Holdings (CNK)

Plug Power Inc (PLUG)

Our fourth Top Short is no stranger to this list-Plug Power Inc. Plug Power is a company at the forefront of automotive innovation with its development of hydrogen fuel cell systems. The goal of this company is to develop mechanisms to eventually replace conventional batteries in equipment and vehicles powered by electricity. Our AI systems rated Plug Power F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 6.11% to $25.19 on volume of 21,933,340 vs its 10-day price average of $26.53 and its 22-day price average of $26.04, and is down 21.7% for the year. Revenue grew by -94.06% in the last fiscal year, while EPS grew by -10.05% in the last fiscal year. Revenue was $-93.24M in the last fiscal year compared to $174.22M three years ago, Operating Income was $(576.61)M in the last fiscal year compared to $(76.44)M three years ago, EPS was $(1.68) in the last fiscal year compared to $(0.39) three years ago, and ROE was (74.61%) in the last year compared to (157.5%) three years ago. Forward 12M Revenue is also expected to grow by 19.11% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Tupperware Brands Corp (TUP)

Tupperware Brands is on our list as the fifth and final Top Short today. Tupperware is a global direct seller of innovative, premium products across multiple brands and categories. Its brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home, and more. 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 0.54% to $22.02 on volume of 535,683 vs its 10-day price average of $21.95 and its 22-day price average of $22.64, and is down 31.1% for the year. Revenue grew by 8.72% in the last fiscal year, Operating Income grew by 43.57% in the last fiscal year, and EPS grew by 18.05% in the last fiscal year. Revenue was $1740.1M in the last fiscal year compared to $2069.7M three years ago, Operating Income was $216.9M in the last fiscal year compared to $314.9M three years ago, and EPS was $2.14 in the last fiscal year compared to $3.11 three years ago. ​​Forward 12M Revenue is expected to grow by 3.97% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.6.

MORE FROM FORBESTupperware Brands (TUP)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button