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The S&P 500 is up more than 16% now this year and over 36% in the last 12 months, but this bull move appears to not be listening to any overvaluation arguments. Markets were well into the green this morning after Federal Reserve Chairman Jay Powell noted that the central bank is going to keep easy monetary policy going for the foreseeable future, despite some massive moves in inflation, including a record breaking rise of 7.3% year on year hike in PPI from this morning and a 5.4% year on year gain in CPI from yesterday. Those are big numbers, but if they are indeed transitory, then it wouldn’t be an issue. However, that is yet to be proven, and if fiscal and monetary policy keeps on the gas there are sure to be more readings like these — just take a look at what it costs to fill up your car with fuel. At some point, you would think there will be a pullback in stocks, but gains beget gains in the markets. 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 0.32% to $323.07 on volume of 1,329,202 vs its 10-day price average of $314.99 and its 22-day price average of $303.41, and is up 36.74% 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 4.14% to $27.82 on volume of 16,746,210 vs its 10-day price average of $31.32 and its 22-day price average of $31.36, and is down 13.52% 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 9.2% 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 5.98% to $14.15 on volume of 2,254,393 vs its 10-day price average of $15.81 and its 22-day price average of $15.97, and is up 101.57% 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 4.56% to $33.05 on volume of 1,274,668 vs its 10-day price average of $37.16 and its 22-day price average of $38.92, and is down 11.88% 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)
Fluor Corp (FLR)
Fluor Corp is our final Top Short today. The company manufactures automobiles under its Ford and Lincoln brands. The company has about 14% market share in the United States and about 7% share in Europe. Our AI systems rated Fluor D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.48% to $16.35 on volume of 2,116,266 vs its 10-day price average of $16.93 and its 22-day price average of $17.54, and is up 3.35% 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, while EPS was $(3.1) in the last fiscal year compared to $1.22 three years ago. ROE was (15.85%) in the last year versus 6.56% three years ago. Forward 12M Revenue is expected to grow by 2.29% over the next 12 months and the stock is trading with a Forward 12M P/E of 22.58.
Simple moving average of Fluor Corp (FLR)
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