Artificial Intelligence Ranks Alaska Air Group Inc Among Today’s Top Shorts

The S&P may have found some resistance in breaching its all-time high, with stocks seeing some losses today. The Dow Jones dropped 160 points, the S&P 500 declined 0.6%, and the Nasdaq
NDAQ
fell 0.8%. The stories of the day, though, were more positive labor data and meme stock volatility. May’s private job growth shattered Dow Jones estimates and came in at 978,000 compared to the forecasted 680,000. This was an increase from 654,000 in April and the most significant gain since June 2020. Jobless claims also slightly beat estimates for the week ended May 29 and came in at 385,000, compared to the estimated 393,000. Meme stocks like AMC had another volatile day of trading, too, rising as much as 20% premarket and then giving up all the gains. 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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Alaska Air Group Inc (ALK)

Alaska Air Group is our first Top Short today. Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc
ALK
and Horizon Air Industries, Inc
ALK
, engages in the provision of air transportation services. Our AI systems rated the company B in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.44% to $67.84 on volume of 1,872,354 vs its 10-day price average of $69.0 and its 22-day price average of $68.34, and is up 37.77% for the year. EPS grew by -7.9% in the last fiscal year. Revenue was $3566.0M in the last fiscal year compared to $8264.0M three years ago, Operating Income was $(1711.0)M in the last fiscal year compared to $793.0M three years ago, EPS was $(10.72) in the last fiscal year compared to $3.52 three years ago, and ROE was (36.18%) in the last year compared to 12.12% three years ago. Forward 12M Revenue is also expected to grow by 14.31% over the next 12 months.

MORE FROM FORBESAlaska Air Group (ALK)

Chewy Inc (CHWY)

Pet food, supplies, and pet products e-commerce company Chewy Inc is our next Top Short. Chewy is an e-commerce platform that supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. Our AI systems rated Chewy C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 5.43% to $77.52 on volume of 4,528,533 vs its 10-day price average of $72.65 and its 22-day price average of $71.94, and is down 12.8% for the year. Revenue was $7146.26M in the last fiscal year compared to $3532.84M three years ago, Operating Income was $(90.46)M in the last fiscal year compared to $(267.77)M three years ago, and EPS was $(0.23) in the last fiscal year compared to $(0.68) three years ago.

MORE FROM FORBESChewy (CHWY)

Shift4 Payments Inc (FOUR)

Shift4 Payments Inc is our next Top Short today. Shift4 Payments is a payment processing company that processes payments for over 200,000 businesses in the retail, hospitality, leisure and restaurant sectors. 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 2.18% to $93.16 on volume of 591,096 vs its 10-day price average of $92.4 and its 22-day price average of $89.4, and is up 29.86% for the year. Revenue grew by 5.2% in the last fiscal year and grew by 43.92% over the last three fiscal years, while EPS grew by -99.84% over the last three fiscal years. Revenue was $766.9M in the last fiscal year compared to $560.6M three years ago, Operating Income was $(66.7)M in the last fiscal year compared to $7.0M three years ago, EPS was $(0.43) in the last fiscal year compared to $(554.0) three years ago, and ROE was (32.76%) in the last year. Forward 12M Revenue is expected to grow by 9.46% over the next 12 months, and the stock is trading with a Forward 12M P/E of 120.74.

Huntington Bancshares (HBAN) 

Huntington Bancshares is our fourth Top Short today. Huntington Bancshares is a Columbus, OH-based bank holding company that provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. 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 1.24% to $15.88 on volume of 13,406,840 vs its 10-day price average of $15.7 and its 22-day price average of $15.66, and is up 26.43% for the year. Revenue grew by 18.92% in the last fiscal year and grew by 4.58% over the last three fiscal years, Operating Income grew by 56.94% in the last fiscal year, and EPS grew by 65.51% in the last fiscal year. Revenue was $3763.0M in the last fiscal year compared to $4279.0M three years ago, Operating Income was $1045.0M in the last fiscal year compared to $1744.0M three years ago, EPS was $0.69 in the last fiscal year compared to $1.2 three years ago, and ROE was 6.59% in the last year compared to 12.71% three years ago. Forward 12M Revenue is expected to grow by 5.54% over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.51.

MORE FROM FORBESHuntington Bank (HBAN)

Macerich Co (MAC)

Macerich Co
MAC
 is our final Top Short today. Macerich is a REIT that invests in shopping centers, and is the third-largest owner and operator of shopping centers in the United States. Our AI systems rated Macerich A in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 9.07% to $18.15 on volume of 9,578,922 vs its 10-day price average of $15.55 and its 22-day price average of $14.61, and is up 70.26% for the year. Revenue was $758.98M in the last fiscal year compared to $1028.46M three years ago, Operating Income was $61.04M in the last fiscal year compared to $308.56M three years ago, EPS was $(1.58) in the last fiscal year compared to $0.42 three years ago, and ROE was (9.3%) in the last year compared to 1.93% three years ago. Forward 12M Revenue is also expected to grow by 0.75% over the next 12 months. 

MORE FROM FORBESMacerich (MAC)

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