After the market rose on Wednesday and snapped a potential 3-day losing streak, the indices mainly traded mixed. This was despite lower than expected jobless claims and stronger than expected reports from airlines like Southwest CSWC and American. The Labor Department reported 547,000 jobless claims, which was below the Dow Jones estimate of 603,000. Southwest also rose 1.6% after reporting that bookings continue to increase and that it expects to break even “or better” by June. American Airlines also rose 3% after it said that its cash flow turned positive by the end of the quarter. Despite this, the Dow Jones fell 110 points, the S&P 500 dipped 0.1%, and the Nasdaq NDAQ was flat. Could we be continuing the 2021 trend with months starting off hot and sharply cooling off? 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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Cracker Barrel (CBRL)
Cracker Barrel CBRL is our first Top Short today. The Tennessee based chain is a restaurant/gift store hybrid with a Southern country theme. While the vaccine rollout has significantly bolstered restaurant stocks, we still have to see what happens with the course of the pandemic. Our AI systems rated the company D in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.69% to $170.07 on volume of 214,775 vs its 10-day price average of $173.05 and its 22-day price average of $170.87, and is up 34.41% for the year. EPS grew by -248.1% in the last fiscal year. Revenue was $2522.79M in the last fiscal year compared to $3030.44M three years ago, Operating Income was $61.38M in the last fiscal year compared to $293.59M three years ago, EPS was $(1.36) in the last fiscal year compared to $10.29 three years ago, and ROE was (6.35%) in the last year compared to 43.97% three years ago. Forward 12M Revenue is expected to grow by 10.16% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.82.
MORE FROM FORBESCracker Barrel Old Ctry Stor (CBRL)
Simple moving average of Cracker Barrel (CBRL)
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Chewy Inc (CHWY)
Pet food, supplies, and pet products e-commerce company Chewy Inc. CHWY is our next Top Short. Chewy recently saw its stock pop after beating its Q4 earnings expectations, and impressing investors everywhere. Our AI systems rated Chewy C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 4.21% to $80.24 on volume of 4,924,026 vs its 10-day price average of $82.99 and its 22-day price average of $82.23, and is down 9.74% for the year. Revenue was $7146.26M in the last fiscal year compared to $3532.84M three years ago, Operating Income was $(90.46)M in the last fiscal year compared to $(267.77)M three years ago, and EPS was $(0.23) in the last fiscal year compared to $(0.68) three years ago.
MORE FROM FORBESChewy (CHWY)
Simple moving average of Chewy Inc (CHWY)
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Liveperson Inc (LPSN)
Software company Liveperson Inc LPSN is our next Top Short for the third 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 up 2.83% to $55.17 on volume of 352,425 vs its 10-day price average of $56.81 and its 22-day price average of $55.01, and is down 9.73% 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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Pinterest Inc (PINS)
Our fourth Top Short for today is social media platform Pinterest. 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 1.67% to $72.51 on volume of 9,912,440 vs its 10-day price average of $80.13 and its 22-day price average of $76.76, and is up 6.52% 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 88.04.
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 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. Unfortunately, though, the stock has been hit very hard over the last few months. Our AI systems rated Plug Power C in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 7.49% to $27.14 on volume of 39,428,377 vs its 10-day price average of $28.32 and its 22-day price average of $31.65, and is down 15.64% 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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