The forced liquidation of positions held by multibillion-dollar family office Archegos Capital Management continued hurting media stocks and bank stocks for another day. But the primary headwind for markets remained: bond yields vs. growth stocks. With the 10-year yield touching 1.77% for the first time in 14 months, stocks like Apple
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.
Progyny Inc (PGNY)
Our first Top Short of the day is Progyny Inc. Progyny Inc is a leading U.S. fertility benefits management company. Our AI systems rated the company F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.71% to $43.14 on volume of 637,746 vs its 10-day price average of $46.63 and its 22-day price average of $45.4, and is up 0.47% for the year. Revenue was $344.86M in the last fiscal year compared to $105.4M three years ago, Operating Income was $17.67M in the last fiscal year compared to $(3.45)M three years ago, EPS was $0.47 in the last fiscal year compared to $0.04 three years ago, and ROE was 33.04% in the last year compared to (46.91%) three years ago. The stock is also trading with a Forward 12M P/E of 99.55.
Laureate Education Inc (LAUR)
Laureate Education Inc is our next Top Short. Laureate Education is a Baltimore-based education company, and owns and operates universities with campuses in Mexico and Peru. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.36% to $13.63 on volume of 575,135 vs its 10-day price average of $13.94 and its 22-day price average of $13.91, and is down 4.75% for the year. Revenue was $1024.92M in the last fiscal year compared to $1144.57M three years ago, Operating Income was $112.32M in the last fiscal year compared to $48.42M three years ago, EPS was $(2.93) in the last fiscal year compared to $1.74 three years ago, and ROE was (12.62%) in the last year compared to (9.41%) three years ago.
Zovio Inc (ZVO)
Zovio Inc is today’s third Top Short. Zovio Inc is an education technology services company, and provides data management and software to curriculum and financial aid, including enrollment, retention, academic, and tuition for higher educational institutions, upskilling courses, degree programs, and certifications for employers. Our AI systems rated the company C in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 9.38% to $4.25 on volume of 386,419 vs its 10-day price average of $5.05 and its 22-day price average of $5.14, and is down 7.81% for the year. Revenue was $397.12M in the last fiscal year compared to $443.37M three years ago, Operating Income was $(2.26)M in the last fiscal year compared to $3.94M three years ago, EPS was $(1.53) in the last fiscal year compared to $0.17 three years ago, and ROE was (61.9%) in the last year compared to 3.7% three years ago. The stock is also trading with a Forward 12M P/E of 14.17.
Pinterest Inc (PINS)
Our next Top Short today is social media platform Pinterest
Redfin Corp (RDFN)
Our final Top Short is Redfin Corp
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.