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Jobless claims were the story of the day, with numbers continuing to decline to better-than-expected levels. For the week ending May 15, jobless claims came in at 444,000, beating the Dow Jones estimate of 452,000. Although stocks were deeply in the red in overnight trading, the jobless claims can be credited for the sharp reversal. Of course, inflation fears remain, and crypto is still unpredictable, but for now, stocks rebounded, with tech leading the way. The Dow Jones rose 50 points, the S&P 500 gained 0.4%, and the Nasdaq popped 0.7%. We will see what happens the rest of this month, but things are getting interesting. 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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Amyris Inc (AMRS)
Amyris Inc is today’s first Top Short for the second straight day. Amyris Inc. is a synthetic biotechnology and renewable chemical company. It serves the specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals markets. Our AI systems rated the company F in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.98% to $12.89 on volume of 1,957,718 vs its 10-day price average of $11.82 and its 22-day price average of $13.46, and is up 83.62% for the year. Revenue grew by 85.32% in the last fiscal year and grew by 404.47% over the last three fiscal years, Operating Income grew by -101.07% in the last fiscal year and grew by -101.0% over the last three fiscal years, and EPS grew by -31.64% over 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, and EPS was $(1.88) in the last fiscal year compared to $(3.69) three years ago.
Simple moving average of Amyris Inc (AMRS)
Carvana Co (CVNA)
Carvana is our second Top Short. 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 0.35% to $228.15 on volume of 2,199,684 vs its 10-day price average of $236.26 and its 22-day price average of $261.5, and is down 3.44% 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 5.94% over the next 12 months.
Simple moving average of Carvana Co (CVNA)
Fluor Corp (FLR)
Fluor Corp is our next Top Short. 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 D in Technicals, D in Growth, D in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.02% to $18.64 on volume of 4,132,106 vs its 10-day price average of $21.74 and its 22-day price average of $22.23, and is up 17.83% 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 2.81% over the next 12 months, and the stock is trading with a Forward 12M P/E of 23.39.
Simple moving average of Fluor Corp (FLR)
Hexcel Corp (HXL)
Industrial materials company Hexcel Corp is our fourth Top Short. The Connecticut based company focuses on developing and manufacturing structural materials. Our AI systems rated Hexcel D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.17% to $51.74 on volume of 422,263 vs its 10-day price average of $52.42 and its 22-day price average of $54.79, and is up 11.08% for the year. Revenue was $1502.4M in the last fiscal year compared to $2189.1M three years ago, Operating Income was $72.0M in the last fiscal year compared to $378.9M three years ago, EPS was $0.38 in the last fiscal year compared to $3.11 three years ago, and ROE was 2.14% in the last year compared to 19.64% three years ago. Forward 12M Revenue is expected to grow by 5.91% over the next 12 months, and the stock is trading with a Forward 12M P/E of 84.78.
Simple moving average of Hexcel Corp (HXL)
Marathon Digital Holdings Inc (MARA)
Our final Top Buy today is Marathon Digital Holdings. Marathon Digital Holdings is a company to keep a very close eye on with the recent slide in cryptocurrencies. Specifically, this is a company to consider due to all of the recent controversies on Bitcoin mining and the potential toll it’s taking on energy and emissions. The goal of Marathon Digital Holdings is to build the largest crypto mining operation in North America at one of the lowest energy costs. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 5.57% to $21.71 on volume of 33,073,080 vs its 10-day price average of $24.91 and its 22-day price average of $30.08, and is up 97.18% for the year. Revenue grew by 196.45% in the last fiscal year and grew by 726.81% over the last three fiscal years, while EPS grew by -660.48% in the last fiscal year and grew by -129.84% over the last three fiscal years. Revenue was $4.36M in the last fiscal year compared to $1.56M three years ago, Operating Income was $(8.96)M in the last fiscal year compared to $(7.0)M three years ago, EPS was $(0.13) in the last fiscal year compared to $(2.41) three years ago, and ROE was (6.63%) in the last year compared to (248.6%) three years ago. Forward 12M Revenue is expected to grow by 33.35% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.62.
Simple moving average of Marathon Digital Holdings Inc (MARA)
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