Fluor Corp Ranked Among Today’s Top Shorts Amid Mixed Economic Data

We had mixed economic data and anxiety over the Fed’s meeting, causing stocks to dip somewhat. Stocks did not move much on Tuesday. However, a few reopening plays had a decent start to the day. On the one hand, newly released economic data saw the final demand index for producer prices advance 6.6% for the 12 months ended in May. This was the largest increase since the data was first calculated in November 2010. On the other hand, May’s retail sales data grossly underperformed and dipped 1.3%, compared to the forecasted 0.7%. Based on this data, the Dow Jones dropped 50 points, while both the S&P 500 and Nasdaq
NDAQ
retreated from record highs, falling 0.1% and 0.3%, respectively. 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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Blink Charging Co (BLNK)

Blink Charging Co is our first Top Short yet again. 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 D in Quality Value. The stock closed up 3.92% to $41.05 on volume of 3,581,180 vs its 10-day price average of $39.21 and its 22-day price average of $35.41, and is up 9.45% 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.

MORE FROM FORBESBlink Charging (BLNK)

Carvana Co (CVNA)

Carvana is our second Top Short for the second day in a row. 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 1.47% to $278.69 on volume of 855,843 vs its 10-day price average of $274.63 and its 22-day price average of $258.31, and is up 17.95% 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 6.4% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

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Livent Corp (LTHM)

Our next Top Short, Livent Corp, is also a familiar name on our list. Livent is a chemical manufacturing and lithium tech company focused on very in-demand lithium-based products such as electric vehicle batteries, handheld devices, and more. Our AI systems rated the company C in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 3.42% to $18.35 on volume of 3,047,294 vs its 10-day price average of $19.96 and its 22-day price average of $18.94, and is down 2.29% for the year. Revenue grew by 8.05% in the last fiscal year, and EPS grew by -5.85% in the last fiscal year. Revenue was $288.2M in the last fiscal year compared to $442.5M three years ago, Operating Income was $(10.8)M in the last fiscal year compared to $165.7M three years ago, EPS was $(0.13) in the last fiscal year compared to $0.99 three years ago, and ROE was (3.41%) in the last year compared to 28.94% three years ago. Forward 12M Revenue is expected to grow by 2.95% over the next 12 months, and the stock is trading with a Forward 12M P/E of 111.28. 

MORE FROM FORBESLivent (LTHM)

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Plug Power Inc (PLUG)

Our fourth Top Short for the second day in a row is Plug Power Inc
PLUG
. Plug Power is a company at the forefront of automotive innovation with its development of hydrogen fuel cell systems. The goal of this company is to develop mechanisms to eventually replace conventional batteries in equipment and vehicles powered by electricity. Our AI systems rated Plug Power D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 4.02% to $30.57 on volume of 18,221,460 vs its 10-day price average of $31.49 and its 22-day price average of $29.16, and is down 4.97% for the 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. 

MORE FROM FORBESPlug Power (PLUG)

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Fluor Corp (FLR)

Fluor Corp
FLR
is our final 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 4.3% to $18.48 on volume of 2,099,603 vs its 10-day price average of $19.73 and its 22-day price average of $19.18, and is up 16.81% 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 25.52.

MORE FROM FORBESFluor (FLR)

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