Market

Arvinas Inc Ranked Among Today’s Top Shorts Amid Lower-Than-Expected New Jobs

Thursday’s jobless claims impressed. They came in at a pandemic-era low of 340,000 and crushed the forecasted 345,000. Both the S&P and Nasdaq
NDAQ
hit new records. Friday, however, was a different story. The August jobs report was released, and it was not pretty by any means. It was already projected to show a dip from the revised 1.053 million jobs added in July, with 720,000 jobs added. But the forecast showed that just 235,000 jobs were added in August. The Fed will indeed have a lot to think about regarding their tapering plans with data like this. They will surely examine whether or not Covid had anything to do with numbers like this. The people in power sure have their work cut out for them to figure what’s genuinely going on. In the meantime, stocks gave up pre-market gains and saw some minor declines. The Dow Jones fell about 68 points or 0.2%, and the S&P 500 and the Nasdaq dipped about 0.1% each. 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 for the second day in a row. 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. Especially with the Delta variant, other emerging variants, and waning vaccine efficacy threatening to derail everything. 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 up 0.61% to $19.76 on volume of 20,209,070 vs its 10-day price average of $19.66 and its 22-day price average of $19.9, and is up 30.6% 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 32.23% 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 up 1.46% to $86.59 on volume of 296,288 vs its 10-day price average of $85.51 and its 22-day price average of $88.42, and is up 3.28% 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 expected to grow by 16.59% over the next 12 months, and the stock is trading with a Forward 12M P/E of 93.41.

MORE FROM FORBESArvinas (ARVN)

Maxar Technologies Inc (MAXR)

Space technology company Maxar Technologies is our third Top Short today. The Colorado-based company specializes in manufacturing communication, Earth observation, radar, on-orbit servicing satellites, satellite products, and related services. Our AI systems rated Maxar D in Technicals, C in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.0% to $32.61 on volume of 595,926 vs its 10-day price average of $30.64 and its 22-day price average of $30.69, and is down 10.17% for the year. Revenue grew by 2.61% in the last fiscal year, Operating Income grew by 47.06% in the last fiscal year and grew by -153.96% over the last three fiscal years, and EPS grew by -100.41% over the last three fiscal years. Revenue was $1723.0M in the last fiscal year compared to $1804.0M three years ago, Operating Income was $51.0M in the last fiscal year compared to $(139.0)M three years ago, EPS was $4.99 in the last fiscal year compared to $(21.52) three years ago, and ROE was (5.42%) in the last year compared to (69.84%) three years ago. Forward 12M Revenue is expected to grow by 3.16% over the next 12 months, and the stock is trading with a Forward 12M P/E of 31.44.

MORE FROM FORBESMaxar Technologies (MAXR)

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 up 0.82% to $27.15 on volume of 12,865,860 vs its 10-day price average of $26.06 and its 22-day price average of $26.1, and is down 15.6% 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 our 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 0.37% to $24.0 on volume of 301,774 vs its 10-day price average of $23.71 and its 22-day price average of $23.71, and is down 24.91% 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 6.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.9. 

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