Market

Delta Air And Las Vegas Sands Rated Among Top Stocks To Short Today

This week is starting off on the right foot after the Dow Jones saw its worst week since October. Sectors, such as commodities, financials, and recovery plays sharply declined last week after the Fed took a surprisingly hawkish tone with its monetary policy. But those sectors popped today while tech faltered. Exxon and Chevron
CVX
were up about 1% each. Royal Caribbean
RCL
and Boeing
BA
were also slightly higher, while big banks like JPMorgan
JPM
, Bank of America
BAC
, and Goldman Sachs
GS
rebounded as well. The Dow rose 220 points, the S&P 500 gained 0.3%, and the Nasdaq
NDAQ
fell 0.5%. 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.

Carvana Co (CVNA)

Carvana
CVNA
is our first Top Short today. 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 C in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.09% to $294.32 on volume of 2,017,018 vs its 10-day price average of $277.88 and its 22-day price average of $268.44, and is up 24.57% for the year. Revenue grew by 20.53% in the last fiscal year and grew by 244.35% over the last three fiscal years, Operating Income grew by -23.77% in the last fiscal year, and EPS grew by -22.3% in the last fiscal 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. Forward 12M Revenue is also expected to grow by 6.61% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Delta Air Lines Inc (DAL) 

Delta Air Lines Inc
DAL
is our next Top Short. Delta is the second largest airline in the world in terms of number of scheduled passengers carried, revenue passenger-kilometers flown, and fleet size. As one of the major U.S. airlines, it is also a legacy carrier. Our AI systems rated Delta C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.88% to $44.96 on volume of 15,219,350 vs its 10-day price average of $45.89 and its 22-day price average of $46.33, and is up 16.09% for the year. Revenue was $17095.0M in the last fiscal year compared to $44438.0M three years ago, Operating Income was $(9200.0)M in the last fiscal year compared to $5459.0M three years ago, EPS was $(19.49) in the last fiscal year compared to $5.67 three years ago, and ROE was (146.64%) in the last year compared to 30.02% three years ago. Forward 12M Revenue is also expected to grow by 14.08% over the next 12 months. 

MORE FROM FORBESDelta Air Lines (DAL)

Fluor Corp (FLR)

Fluor Corp
FLR
is the third Top Short today. Fluor Corp is an engineering and construction firm. It is a holding company that provides services through subsidiaries in oil and gas, industrial and infrastructure, government and power. Our AI systems rated Fluor Corp B in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.28% to $17.0 on volume of 2,779,294 vs its 10-day price average of $18.85 and its 22-day price average of $18.9, and is up 7.46% for the year. EPS grew by -41.2% in the last fiscal year. Revenue was $15668.48M in the last fiscal year compared to $18851.01M three years ago, Operating Income was $144.96M in the last fiscal year compared to $426.32M three years ago, EPS was $(3.1) in the last fiscal year compared to $1.22 three years ago, and ROE was (15.85%) in the last year compared to 6.56% three years ago. Forward 12M Revenue is expected to grow by 2.87% over the next 12 months, and the stock is trading with a Forward 12M P/E of 23.48.

MORE FROM FORBESFluor (FLR)

Las Vegas Sands Corp (LVS)

Las Vegas Sands Corp
LVS
is our fourth Top Short of the day. 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 B in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.11% to $53.0 on volume of 7,739,417 vs its 10-day price average of $54.85 and its 22-day price average of $56.47, and is down 8.54% for the 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 19.45% over the next 12 months, and the stock is trading with a Forward 12M P/E of 57.24. 

MORE FROM FORBESLas Vegas Sands (LVS)

National Cinemedia Inc (NCMI)

Our final Top Short of the day is National Cinemedia Inc
NCMI
. 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 C in Technicals, C in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.59% to $5.03 on volume of 600,176 vs its 10-day price average of $5.09 and its 22-day price average of $4.95, and is up 39.34% 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. Forward 12M Revenue is also expected to grow by 26.74% over the next 12 months. 

MORE FROM FORBESNational Cinemedia (NCMI)

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