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Top Stocks To Short Today As Nasdaq Recovers From Sell-Offs

Investors breathed a sigh of relief to close off the final trading week in February. After bond yields surged this week, and anxiety increased thanks to inflation fears, the personal consumption expenditures price index, a key inflation gauge, came in more subdued than expected. After seeing its worst decline since October, the Nasdaq
NDAQ
led the market while the Dow lagged. The Dow Jones
DOW
fell 110 points, the S&P 500 gained 0.5%, and the Nasdaq popped 1.1% led by Big Tech stocks. 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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Continental Resources Inc (CLR)

Continental Resources is today’s first Top Short. The company is an Oklahoma-based petroleum and natural gas exploration and production company. Our AI systems rated Continental Resources C in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 3.58% to $24.78 on volume of 1,989,576 vs its 10-day price average of $23.53 and its 22-day price average of $22.05, and is up 44.49% for the year. Revenue was $2408.41M in the last fiscal year compared to $4380.38M three years ago, Operating Income was $(371.09)M in the last fiscal year compared to $1577.05 three years ago, EPS was $(1.65) in the last fiscal year compared to $2.64 three years ago, and ROE was (8.95%) in the last year compared to 17.13% three years ago. The stock is also trading with a Forward 12M P/E of 34.09.

MORE FROM FORBESContinental Resources (CLR)

Coherent Inc (COHR)

Coherent Inc is our second Top Short today. Coherent is a California-based manufacturer and provider of laser equipment and components. Our AI systems rated the company D in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.48% to $241.37 on volume of 289,685 vs its 10-day price average of $249.22 and its 22-day price average of $224.66, and is up 62.86% for the year. Revenue grew by 0.43% in the last fiscal year, while Operating Income grew by 31.22% in the last fiscal year. Revenue was $1229.0M in the last fiscal year compared to $1902.57M three years ago, Operating Income was $23.89M in the last fiscal year compared to $394.99M three years ago, EPS was $(17.18) in the last fiscal year compared to $9.95 three years ago, and ROE was (37.45%) in the last year compared to 19.97% three years ago. Forward 12M Revenue is expected to grow by 5.21% over the next 12 months, and the stock is trading with a Forward 12M P/E of 37.1.

MORE FROM FORBESCoherent (COHR)

E.L.F. Beauty Inc (ELF)

E.L.F. Beauty is our next Top Short. E.L.F. Beauty is a cosmetics company that includes products such as bath and skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes, mascara, and more. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.11% to $25.22 on volume of 578,208 vs its 10-day price average of $24.76 and its 22-day price average of $23.62, and is  up 0.48% for the year. Revenue grew by 6.12% in the last fiscal year and grew by 12.23% over the last three fiscal years, and was $282.85M in the last fiscal year compared to $267.44M three years ago. Operating Income was $23.97M in the last fiscal year compared to $26.16M three years ago, EPS was $0.35 in the last fiscal year compared to $0.32 three years ago, and ROE was 7.82% in the last year compared to 7.34% three years ago. Forward 12M Revenue is expected to grow by 4.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 39.92. 

MORE FROM FORBESE.L.F. Beauty (ELF)

Eog Resources Inc (EOG)

Eog Resources is our fourth Top Short of the day. The Texas company, which was spun off from the notorious Enron in 1999, is in the hydrocarbon exploration and energy space. Our AI systems rated Eog C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.46% to $70.59 on volume of 5,979,480 vs its 10-day price average of $64.73 and its 22-day price average of $59.58, and is up 42.43% for the year. Revenue was $11032.05M in the last fiscal year compared to $17266.48M three years ago. Operating Income was $1555.76M in the last fiscal year compared to $4343.8M three years ago, EPS was $(1.04) in the last fiscal year compared to $5.89 three years ago, and ROE was (2.88%) in the last year compared to 19.18% three years ago. The stock is also trading with a Forward 12M P/E of 16.08..

MORE FROM FORBESEOG Resources (EOG)

Louisiana-Pacific Corp (LPX)

Louisiana-Pacific Corp
LPX
is our final Top Short. Louisiana-Pacific is a building materials manufacturer, and pioneered the U.S. production of oriented strand board panels. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.23% to $47.19 on volume of 2,198,997 vs its 10-day price average of $45.48 and its 22-day price average of $42.78, and is up 27.78% for the year. Revenue was $2788.0M in the last fiscal year compared to $2828.0M three years ago, Operating Income was $666.0M in the last fiscal year compared to $540.0M three years ago, EPS was $4.46 in the last fiscal year compared to $2.73 three years ago, and ROE was 44.28%  in the last year compared to 24.15%  three years ago. The stock is also trading with a Forward 12M P/E of 7.8.

MORE FROM FORBESLouisiana-Pacific (LPX)

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