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The S&P 500 shook off a market selloff yesterday to move higher this morning, led by tech stocks, as the Nasdaq aimed for another record open. Falling rates appeared to be the catalyst today, as lower Treasury yields allowed growth companies to discount at a lower rate. Oil prices increased for a second day, sending energy shares higher, while financials fell on the lowering yields mentioned above. It appears investors are awaiting the Federal Reserve minutes which will be released later today, where we will get more insight to how transitory they feel inflation will really be, and whether there will be any tapering of asset purchases. 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 up 1.33% to $316.24 on volume of 1,018,526 vs its 10-day price average of $307.78 and its 22-day price average of $292.38, and is up 33.85% 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)
Fluor Corp (FLR)
Fluor Corp is second on our list of Top Shorts today. The company is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. 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 5.41% to $16.44 on volume of 3,968,722 vs its 10-day price average of $17.7 and its 22-day price average of $18.32, and is up 3.92% 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 also expected to grow by 2.29% over the next 12 months and the stock is trading with a forward 12M P/E of 22.7.
Simple moving average of Fluor Corp (FLR)
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 3.79% to $15.99 on volume of 3,515,115 vs its 10-day price average of $16.5 and its 22-day price average of $16.1, and is up 127.78% 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 up 1.2% to $37.83 on volume of 1,506,120 vs its 10-day price average of $40.34 and its 22-day price average of $40.07, and is up 0.87% 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)
Plug Power Inc (PLUG)
Plug Power Inc is our final Top Short today. The company is an innovator of modern hydrogen and fuel cell technology. Our AI systems rated Plug Power C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.17% to $32.86 on volume of 18,585,960 vs its 10-day price average of $33.36 and its 22-day price average of $32.03, and is up 2.14% for the year. Revenue grew by -33.4% in the last fiscal year and EPS grew by -9.39% in the last fiscal year. Revenue was $(93.24)M 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 $(76.64)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)
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