Market

Today’s Top Shorts Amid Anticipation Of Alphabet And Microsoft Earnings

On Tuesday, it was a muted day with the Dow flat, the S&P 500 up 0.1%, and the Nasdaq
NDAQ
up 0.2%. This comes a day after the S&P hit another record close on Monday, and the Nasdaq hit its first record close since mid-February. UPS was the latest company to report blowout earnings and rose over 9%. On the other hand, Tesla
TSLA
fell 3% despite posting record net income and crushing Wall Street estimates. Meanwhile, investors are anxiously awaiting more earnings announcements after the closing bell from tech giants such as Alphabet, Microsoft
MSFT
, and AMD. 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. A recent favorite of “Reddit Investors,” American Airlines is the largest airline in the world in terms of number of passengers carried, fleet size, and scheduled passenger-kilometers. Until things get back to normal though, nobody really knows when travel demand will return to pre-pandemic levels. However, things are appearing more optimistic than expected with vaccines now universally available in the U.S. Our AI systems rated American Airlines D in Technicals, C in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed up 4.41% to $22.04 on volume of 44,243,140 vs its 10-day price average of $21.52 and its 22-day price average of $22.64, and is up 45.67% for the 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 17.44% over the next 12 months.

MORE FROM FORBESAmerican Airlines Group (AAL)

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 D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.09% to $240.59 on volume of 116,921 vs its 10-day price average of $241.88 and its 22-day price average of $245.44, and is up 37.68% 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 63.07.

MORE FROM FORBESAllegiant Travel (ALGT)

Alaska Air Group Inc (ALK) 

Alaska Air Group is our next Top Short today. Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc
ALK
and Horizon Air Industries, Inc, engages in the provision of air transportation services. Our AI systems rated the company D in Technicals, C in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.39% to $69.48 on volume of 1,824,091 vs its 10-day price average of $68.97 and its 22-day price average of $69.81, and is up 41.1% for the year. EPS grew by -7.9% in the last fiscal year. Revenue was $3566.0M in the last fiscal year compared to $8264.0M three years ago, Operating Income was $(1711.0)M in the last fiscal year compared to $793.0M three years ago, EPS was $(10.72) in the last fiscal year compared to $3.52 three years ago, and ROE was (36.18%) in the last year compared to 12.12% three years ago. Forward 12M Revenue is also expected to grow by 14.79% over the next 12 months. 

MORE FROM FORBESAlaska Air Group (ALK)

Macerich Co (MAC)

Macerich Co is our fourth Top Short of the day. Macerich is a REIT that invests in shopping centers, and is the third-largest owner and operator of shopping centers in the United States. Our AI systems rated Macerich D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 3.85% to $13.48 on volume of 5,081,971 vs its 10-day price average of $12.64 and its 22-day price average of $12.3, and is up 26.45%  for the year. Revenue was $758.98M in the last fiscal year compared to $1028.46M three years ago, Operating Income was $61.04M in the last fiscal year compared to $308.56M three years ago, EPS was $(1.58) in the last fiscal year compared to $0.42 three years ago, and ROE was (9.3%) in the last year compared to 1.93% three years ago. 

MORE FROM FORBESMacerich (MAC)

Royal Caribbean Group (RCL)

Cruise Line Royal Caribbean
RCL
 
is our final Top Short. Although Royal Caribbean is It is the world’s second-largest cruise line operator after Carnival Corporation
CCL.U
, it is anyone’s guess when this industry goes back to normal. However, the trend appears to be encouraging, and stock is hovering around its highest levels in some time. Our AI systems rated Royal Caribbean C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.32% to $86.94 on volume of 2,219,779 vs its 10-day price average of $84.94 and its 22-day price average of $86.16, and is up 22.94% for the year. Revenue was $2208.8M in the last fiscal year compared to $9493.85M three years ago, Operating Income was $(3035.18)M in the last fiscal year compared to $1937.82M three years ago, EPS was $(27.05) in the last fiscal year compared to $8.56 three years ago, and ROE was (53.74%) in the last year compared to 16.25% three years ago.  

MORE FROM FORBESRoyal Caribbean Group (RCL)

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