Market

Best Short Plays Today As Stocks Slip On Anniversary Of Bull Market

Investors took some profits from surging recovery stocks in a very fitting way to mark the 1st anniversary of the bull market’s start. After lagging the broader market for most of this bull run, stocks such as Carnival and Norwegian fell more than 1% each. American Airlines and United Airlines also fell about 2% each. The surging ViacomCBS also lost about 3% after skyrocketing almost 700% in the last year. With a tug of war between bond yields and stocks always in the back of investor’s minds, the Dow Jones declined 60 points, the S&P 500 fell 0.2%, and the Nasdaq traded flat. 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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Arvinas Inc (ARVN)

Arvinas Inc is today’s first 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 F in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.39% to $66.68 on volume of 540,297 vs its 10-day price average of $72.4 and its 22-day price average of $73.7, and is down 20.47% for the year. 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.

MORE FROM FORBESArvinas (ARVN)

Allegiant Travel Co (ALGT)

Allegiant Travel, which does business as Allegiant Air, is our next Top Short today. Allegiant is an American discount cost airline that is the ninth-largest commercial airline in the United States. Our AI systems rated the company F in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.79% to $247.96 on volume of 163,847 vs its 10-day price average of $256.38 and its 22-day price average of $252.62, and is up 41.9% for the year. Revenue was $990.07 in the last fiscal year compared to $11667.45M three years ago, Operating Income was $(128.94)M in the last fiscal year compared to $245.82M three years ago, EPS was $(11.53)  in the last fiscal year compared to $10.0 three years ago, and ROE was (23.8%) in the last year compared to 26.02% three years ago. The stock is also trading with a Forward 12M P/E of 59.63.

MORE FROM FORBESAllegiant Travel (ALGT)

Carvana Co (CVNA)

Carvana is today’s third 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 1.75% to $273.92 on volume of 1,178,633 vs its 10-day price average of $274.49 and its 22-day price average of $278.89, and is up 15.94% 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)

National Cinemedia Inc (NCMI) 

Our final Top Short of the day is National Cinemedia Inc. National Cinemedia is a cinema advertising company, and is responsible for ad displays in movie theaters, online, and mobile. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 7.88% to $5.03 on volume of 669,429 vs its 10-day price average of $5.41 and its 22-day price average of $5.0, and is up 40.5% for the year. Revenue was $90.4M in the last fiscal year compared to $441.4M three years ago, Operating Income was $(58.9)M in the last fiscal year compared to $158.2M three years ago, and EPS was $(0.84) in the last fiscal year compared to $0.37 three years ago. 

MORE FROM FORBESNational Cinemedia (NCMI)

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