Top Stocks To Short Today As Bank Shares Lead The Markets

Bank shares led the market today on tamer than expected inflation fears and the Fed’s allowance for banks to buy back shares and raise dividends by the end of June. JPMorgan 
JPM
rose 1.5%, while Bank of America
BAC
advanced 2%, and Goldman Sachs
GS
gained 1%. The inflation data, though, was the most encouraging catalyst for today’s session. Data showed the core personal consumption expenditure price index, which excludes volatile food and energy prices, rose 0.1% month over month and matched expectations. However, year over year, the gauge climbed 1.4% and was lower than the 1.5% estimate. Based on this news, the Dow continued its best month since November and rose 150 points. The S&P 500 also rose 0.4%, and the Nasdaq
NDAQ
ticked up 0.2%. 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.

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.

Zovio Inc (ZVO)

Zovio Inc is today’s first 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 up 2.9% to $4.61 on volume of 152,572 vs its 10-day price average of $5.3 and its 22-day price average of $5.27, and is flat 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 15.37.

MORE FROM FORBESZovio (ZVO)

Arvinas Inc (ARVN)

Arvinas Inc is today’s next Top Short. Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients suffering from debilitating and life-threatening diseases. Our AI systems rated the company F in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.34% to $62.82 on volume of 411,591 vs its 10-day price average of $68.74 and its 22-day price average of $71.96, and is down 25.07% for the year. Revenue was $21.8M in the last fiscal year compared to $14.32M three years ago, Operating Income was $(124.86)M in the last fiscal year compared to $(43.8)M three years ago, EPS was $(3.02) in the last fiscal year compared to $(25.45) three years ago, and ROE was (27.47%) in the last year compared to (60.57%) three years ago.

MORE FROM FORBESArvinas (ARVN)

Par Technology Corp (PAR)

Par Technology Corp is our third and final Top Short of the day. The company provides professional services and enterprise intelligence software, specifically for the quick service restaurant market. Our AI systems rated Par Technology Corp F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.27% to $70.5 on volume of 216,628 vs its 10-day price average of $75.83 and its 22-day price average of $77.78, and is up 17.05% for the year. Revenue was 213.79M in the last fiscal year compared to $201.25M three years ago, Operating Income was $(23.39)M in the last fiscal year compared to $(9.14)M three years ago, EPS was $(1.92) in the last fiscal year compared to $(1.5) three years ago, and ROE was (27.99%) in the last year compared to (41.98%) three years ago. 

MORE FROM FORBESPar Technology (PAR)

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.