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Canoo Inc Ranked Among Today’s Top Shorts Amid Better-Than-Expected Retail Sales Data

Are investors going to buy the dip here? It looked like it yesterday, with the S&P 500 rallying 0.9% yesterday after several troubling sessions. This was a nice bounce off oversold conditions, but we are not out of the woods yet. With September being the worst month of the year historically, we are likely in for more volatility in the coming months. Retail sales data also came in this morning blowing past expectations, gaining 0.7% versus a 0.8% loss estimate. It appears the consumer may be stronger during this wave of Delta variant infections than economists think. However, stimulus programs may be having what we call a diminishing returns effect here, as so much money has been pumped into the system but at the end of the day, we need markets to flourish without sustained QE. 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.  

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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 up 0.88% to $19.38 on volume of 22,989,100 vs its 10-day price average of $19.45 and its 22-day price average of $19.48, and is up 28.09% 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 32.16% over the next 12 months.

MORE FROM FORBESAmerican Airlines Group (AAL)

Canoo Inc (GOEV)

Next on the list today is Canoo Inc. The company is a mobility technology company. The company designs and manufactures electric vehicles for both commercial and consumer markets. Our AI systems rated Canoo C in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.15% to $6.87 on volume of 1,896,341 vs its 10-day price average of $7.27 and its 22-day price average of $7.08, and is down 45.04% for the year. EPS grew by -64.66% over the last three fiscal years, Revenue was $17337.0M in the last fiscal year compared to $44541.0M three years ago, Operating Income was $-199.718M in the last fiscal year compared to $-64.707M three years ago, and EPS was $-0.81373 in the last fiscal year, compared to $-2.542816 three years ago. ROE was (34.81%) in the last year.

Las Vegas Sands Corp (LVS)

Las Vegas Sands Corp is our fourth Top Short today. Best known for its numerous properties in Macau and The Venetian and The Palazzo in Las Vegas, Las Vegas Sands Corp is the largest casino company in the world. Our AI systems rated the company D in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.7% to $38.05 on volume of 30,369,480 vs its 10-day price average of $42.53 and its 22-day price average of $41.66, and is down 34.34% for the year. Revenue grew by 24.64% in the last fiscal year, Operating Income grew by -32.52% in the last fiscal year, and EPS grew by -20.52% in the last fiscal year. Revenue was $3612.0M in the last fiscal year compared to $13729.0M three years ago, Operating Income was $(1608.0)M in the last fiscal year compared to $3901.0M three years ago, EPS was $(2.21) in the last fiscal year compared to $3.07 three years ago, and ROE was (42.67%) in the last year compared to 41.07% three years ago. Forward 12M Revenue is expected to grow by 46.06% over the next 12 months, and the stock is trading with a Forward 12M P/E of 49.9.

MORE FROM FORBESLas Vegas Sands (LVS)

United Airlines Holdings Inc (UAL) 

Our fourth Top Short today is United Airlines Holdings Inc. United Airlines is the world’s third-largest airline by scheduled revenue passenger miles. United’s hubs include San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. Our AI systems rated United C in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.02% to $43.86 on volume of 10,321,570 vs its 10-day price average of $45.48 and its 22-day price average of $45.76, and is up 5.36% for the year. EPS grew by -28.85% in the last fiscal year, Revenue was $15355.0M in the last fiscal year compared to $41303.0M three years ago, Operating Income was $-9084.0M in the last fiscal year compared to $3670.0M three years ago, while EPS was $-25.300644 in the last fiscal year compared to $7.67 three years ago. ROE was (80.83%) in the last year, which compares to 22.6% three years ago. Forward 12M Revenue is expected to grow by 41.0% over the next 12 months. 

MORE FROM FORBESUnited Airlines Holdings (UAL)

Wynn Resorts Ltd (WYNN) 

Wynn Resorts Ltd is our final Top Short today. Wynn operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019, and various Vegas projects are currently under development. Our AI systems rated the company D in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 6.3% to $86.44 on volume of 26,088,840 vs its 10-day price average of $100.15 and its 22-day price average of $97.81, and is down 19.14% for the year. Revenue grew by 32.8% in the last fiscal year, Operating Income grew by -48.78% in the last fiscal year, while EPS grew by -32.23% in the last fiscal year. Revenue was $2095.86M in the last fiscal year compared to $6717.66M three years ago, Operating Income was $-1173.345M in the last fiscal year compared to $1199.101M three years ago, and EPS was $-19.37 in the last fiscal year compared to $5.35 three years ago. ROE was (578.73%) in the last year, which compares to 55.52% three years ago. Forward 12M Revenue is expected to grow by 27.14% over the next 12 months. 

MORE FROM FORBESWynn Resorts (WYNN)

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