Jobless claims came in worse than expected on Thursday. However, stocks, while mixed on Friday, are set to close out a solid positive week. Historically, April is a strong month for stocks. If this pace continues, we won’t be bucking that trend anytime soon. Although the 10-year yield ticked back up somewhat, causing tech stocks to slightly pull back, recovery stocks and cyclicals led the day. Carnival Corp rose 1.5% after receiving two analyst upgrades, General Electric GE climbed about 2%, and JPMorgan JPM gained 0.9%. The Dow Jones also rose 100 points, the S&P 500 stayed around yesterday’s record close and traded roughly flat, and the Nasdaq NDAQ fell 0.4%. 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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Boxlight Corp (BOXL)
Boxlight Corp is our first Top Short today. Boxlight Corp is an education technology solutions provider for the global learning market. Our AI rated D in Technicals, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.16% to $2.61 on volume of 1,462,627 vs its 10-day price average of $2.62 and its 22-day price average of $2.62, and is up 75.17% for the year. Revenue was $54.89M in the last fiscal year compared to $37.84M three years ago, Operating Income was $(7.9)M in the last fiscal year compared to $(7.0)M three years ago, EPS was $(0.39) in the last fiscal year compared to $(0.72) three years ago, and ROE was (44.44%) in the last year compared to (84.35%) three years ago.
MORE FROM FORBESBoxlight (BOXL)
Simple moving average of Boxlight Corp (BOXL)
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Liveperson Inc (LPSN)
Software company Liveperson Inc LPSN is our next Top Short for the second day in a row. Liveperson develops conversational commerce and AI software, and is best known as the developer of the Conversational Cloud, a software platform that allows consumers to message directly with brands. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.26% to $56.76 on volume of 702,756 vs its 10-day price average of $54.09 and its 22-day price average of $54.56, and is down 7.13% for the year. Revenue was $366.62M in the last fiscal year compared to $249.84M three years ago, Operating Income was $(54.63)M in the last fiscal year compared to $(15.14)M three years ago, EPS was $(1.63) in the last fiscal year compared to $(0.42) three years ago, and ROE was (54.83%) in the last year compared to (16.11%) three years ago.
MORE FROM FORBESLiveperson (LPSN)
Simple moving average of Liveperson Inc (LPSN)
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Motorcar Parts Of Amer Inc (MPAA)
Motorcar Parts of America is our third Top Short today. The company is a global leader in the remanufacturing and supply of best-in-class under hood and under car components. Our AI systems rated Motorcar Parts of America C in Technicals, C in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.12% to $22.0 on volume of 41,070 vs its 10-day price average of $22.51 and its 22-day price average of $23.05, and is up 12.82% for the year. Revenue grew by 22.42% over the last three fiscal years, Operating Income grew by 24.78% in the last fiscal year, and EPS grew by -266.6% in the last fiscal year. Revenue was $535.83M in the last fiscal year compared to $427.55M three years ago, Operating Income was $16.64M in the last fiscal year compared to $51.1M three years ago, EPS was $(0.39) in the last fiscal year compared to $0.99 three years ago, and ROE was (2.63%) in the last year compared to 7.19% three years ago. Forward 12M Revenue is expected to grow by 9.27% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.19.
MORE FROM FORBESMotorcar Parts Of Amer (MPAA)
Simple moving average of Motorcar Parts Of Amer Inc (MPAA)
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Pinterest Inc (PINS)
Our next Top Short today is social media platform Pinterest PINS . Pinterest is an image sharing and social media service, and as of August 2020, had over 400 million monthly active users. Our AI systems rated Pinterest F in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed up 2.6% to $85.98 on volume of 8,552,676 vs its 10-day price average of $76.03 and its 22-day price average of $73.52, and is up 26.31% for the year. Revenue was $1692.66M in the last fiscal year compared to $755.93M three years ago, Operating Income was $(53.0)M in the last fiscal year compared to $(74.72)M three years ago, EPS was $(0.22) in the last fiscal year compared to $(0.5) three years ago, and ROE was (6.02%) in the last year compared to (7.02%) three years ago. The stock is also trading with a Forward 12M P/E of 104.46.
MORE FROM FORBESPinterest (PINS)
Simple moving average of Pinterest Inc (PINS)
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Plug Power Inc (PLUG)
Our final Top Short today is the much hyped 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 C in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.07% to $32.62 on volume of 27,881,159 vs its 10-day price average of $33.67 and its 22-day price average of $37.7, and is up 1.4% for the year. Revenue was $-100.47M in the last fiscal year compared to $174.63M three years ago, Operating Income was $(550.26)M in the last fiscal year compared to $(69.48)M three years ago, EPS was $(1.58) in the last fiscal year compared to $(0.36) three years ago, and ROE was (68.42%) in the last year compared to (143.71%) three years ago.
MORE FROM FORBESPlug Power (PLUG)
Simple moving average of Plug Power Inc (PLUG)
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