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Thursday marked a lower day on Wall Street with all three indices trading in the red, albeit slightly. Financials were trading lower on the back of some pretty strong earnings reports, with Morgan Stanley reporting an excellent beat this morning, yet the shares are trading lower. The 10-year Treasury yield is a major reason here, as it shed a few points to yield only 1.326% as of this morning, much lower than the 1.7% yields back in March of this year. It is possible the great reopening trade is losing steam as a surge in variants and lack of global access to vaccines may prolong the pandemic for the foreseeable future. A big drop out of Netflix this morning, as they announced they are entering into the streaming gaming space, something that Alphabet has tried to accomplish with its Stadia game streaming system, which has largely flopped, so far. 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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Carvana Co (CVNA)
Carvana Co is our first Top Short today. Carvana is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.67% to $314.43 on volume of 1,854,163 vs its 10-day price average of $316.26 and its 22-day price average of $305.22, and is up 33.08% 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, while EPS grew by -22.3% over the last three fiscal years. 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 (100.05%) three years ago. Forward 12M Revenue is also expected to grow by 6.75% over the next 12 months.
Simple moving average of Carvana Co (CVNA)
Plug Power Inc (PLUG)
Plug Power Inc is second on our list of Top Shorts today. The company is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way. Our AI systems rated Plug C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 4.6% to $26.54 on volume of 23,195,930 vs its 10-day price average of $30.56 and its 22-day price average of $31.12, and is down 17.5% for the year. Revenue grew by -33.4% in the last fiscal year while EPS grew by -9.39% in the last fiscal year. Revenue was $-93.24M in the last fiscal year compared to $174.22M three years ago, Operating Income was $(576.61)M in the last fiscal year compared to $(76.44)M three years ago, EPS was $(1.68) in the last fiscal year compared to $(0.39) three years ago, and ROE was (74.61%) in the last year compared to (157.5%) three years ago. Forward 12M Revenue is also expected to grow by 9.18% over the next 12 months.
Simple moving average of Plug Power Inc (PLUG)
Amyris Inc (AMRS)
Our next Top Short is Amyris Inc. Amyris is an industrial biotechnology company. Our AI systems rated the company C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.18% to $13.7 on volume of 2,279,435 vs its 10-day price average of $15.54 and its 22-day price average of $15.87, and is up 95.16% for the year. Revenue grew by 85.32% in the last fiscal year and by 404.47% over the last three fiscal years, Operating income grew by -101.07% in the last fiscal year and by -101.0% over the last three fiscal years, and EPS grew by -31.64% in the last three fiscal years. Revenue was $173.14M in the last fiscal year compared to $63.6M three years ago, Operating Income was $(123.42)M in the last fiscal year compared to $(132.72)M three years ago, EPS was $(1.88) in the last fiscal year compared to $(3.69) three years ago.
Simple moving average of Amyris Inc (AMRS)
Blink Charging Co (BLNK)
Blink Charging Co is the fourth Top Short today. Blink is an owner, operator, and provider of electric vehicle charging services. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 5.84% to $31.12 on volume of 1,783,683 vs its 10-day price average of $36.07 and its 22-day price average of $38.54, and is down 17.02% 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 expected to grow by 25.93% over the next 12 months.
Simple moving average of Blink Charging Co (BLNK)
Livent Corp (LTHM)
Livent Corp is our final Top Short today. The company is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Our AI systems rated Livent F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.21% to $19.63 on volume of 4,102,504 vs its 10-day price average of $19.58 and its 22-day price average of $18.77, and is up 4.53% for the year. Revenue grew by 8.05% in the last fiscal year and EPS grew by -5.85% in the last fiscal year. Revenue was $288.2M in the last fiscal year compared to $442.5M three years ago, Operating Income was $(10.8)M in the last fiscal year compared to $165.7M three years ago, EPS was $(0.13) in the last fiscal year compared to $0.99 three years ago, and ROE was (3.41%) in the last year compared to 28.94% three years ago. Forward 12M Revenue is also expected to grow by 2.87%% over the next 12 months and the stock is trading with a forward 12M P/E of 117.76.
Simple moving average of Livent Corp (LTHM)
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