Cinemark Holdings Inc Ranked Among Today’s Top Shorts

Stocks do not appear to be pleased with the Fed. Ever since the Fed on Wednesday announced the possibility of two rate hikes in 2023, while inflation could be a whole percentage point hotter than expected, stocks have sharply sold off. Down 2.8% week-to-date, the Dow Jones on pace for its worst week since January. Bank stocks were the most significant laggards on Friday, thanks to a flattening of the yield curve. Commodities, while somewhat recovering to end the week, have also sharply sold off. The Dow Jones dropped 400 points, the S&P 500 fell 0.8%, and the Nasdaq
NDAQ
dipped 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.  

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Cinemark Holdings Inc (CNK)

Cinemark Holdings
CNK
is our first Top Short for the second straight day. The Texas based Cinemark owns and operates a chain of movie theatres. With the future of movie theatres in question, our AI systems rated Cinemark A in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.62% to $21.91 on volume of 2,237,748 vs its 10-day price average of $22.52 and its 22-day price average of $22.78, and is up 35.58% for the year. Revenue was $686.31M in the last fiscal year compared to $3221.74 three years ago, Operating Income was $(590.82)M in the last fiscal year compared to $459.42M three years ago, EPS was $(5.25) in the last fiscal year compared to $1.83 three years ago, and ROE was (54.99%) in the last year compared to 15.3% three years ago. Forward 12M Revenue is also expected to grow by 34.8% over the next 12 months.  

MORE FROM FORBESCinemark Holdings (CNK)

American Airlines Group Inc (AAL)

American Airlines
AAL
 is our second Top Short today. American Airlines is the largest airline in the world in terms of 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. But it’s looking like a strong travel summer thus far. Our AI systems rated American Airlines B in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.63% to $22.23 on volume of 32,879,060 vs its 10-day price average of $23.45 and its 22-day price average of $23.65, and is up 46.93% for the year. EPS grew by -19.81% 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 17.79% over the next 12 months. 

MORE FROM FORBESAmerican Airlines Group (AAL)

Blink Charging Co (BLNK)

Blink Charging Co is our next Top Short today. Blink Charging Co provides fast, level 2 EV Charging Stations and Networks for both homes and businesses. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and Din Quality Value. The stock closed up 1.29% to $40.82 on volume of 1,633,643 vs its 10-day price average of $40.01 and its 22-day price average of $36.95, and is up 8.84% for the year. Revenue grew by 14.98% in the last fiscal year and grew by 166.67% over the last three fiscal years, while EPS grew by -49.11% over the last three fiscal years. Revenue was $6.23M in the last fiscal year compared to $2.69M three years ago, Operating Income was $(17.39)M in the last fiscal year compared to $(11.61)M three years ago, EPS was $(0.59) in the last fiscal year compared to $(1.3) three years ago, and ROE was (103.16%) in the last year. Forward 12M Revenue is also expected to grow by 25.93% over the next 12 months.

MORE FROM FORBESBlink Charging (BLNK)

Fluor Corp (FLR)

Fluor Corp is the 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 4.97% to $17.22 on volume of 3,304,014 vs its 10-day price average of $19.17 and its 22-day price average of $19.01, and is up 8.85% 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 23.78. 

MORE FROM FORBESFluor (FLR)

Pbf Energy Inc (PBF)

PBF Energy, Inc. is our final Top Short today. The company engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. Our AI systems rated Pbf Energy C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 7.82% to $15.91 on volume of 3,576,957 vs its 10-day price average of $17.12 and its 22-day price average of $16.54, and is up 132.6% for the year. EPS grew by -72.71% in the last fiscal year. Revenue was $15115.9M in the last fiscal year compared to $27186.1M three years ago, Operating Income was $(1484.5)M in the last fiscal year compared to $722.6M three years ago, EPS was $(11.64) in the last fiscal year compared to $1.1 three years ago, and ROE was (46.07%) in the last year compared to 5.7% three years ago. Forward 12M Revenue is also expected to grow by 4.83% over the next 12 months.

MORE FROM FORBESPBF Energy (PBF)

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