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
Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.
Cinemark Holdings Inc (CNK)
Cinemark Holdings
American Airlines Group Inc (AAL)
American Airlines
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.
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.
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.
Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.