Top Stocks To Short Today As Investors Wait On The Fed

Nervous energy permeated the markets on Tuesday, as the major indices opened the day mixed. The 10-year yield remained stable at around 1.6%. However, anxious investors are focused on the Fed’s two-day meeting where interest rates and inflation will surely be a hot topic. Although the rally for stocks has sent the Dow, S&P, and Russell to record highs, this could all go away if Jay Powell says something that investors don’t like tomorrow. With investors in essentially wait-and-see mode for the next day, market moves were relatively muted on Tuesday. The Dow slipped 32 points or 0.1%, the S&P 500 rose 0.1% and set another intraday record, and the Nasdaq
NDAQ
outperformed, rising 0.6%. 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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Cal-Maine Foods Inc (CALM)

Cal-Maine Foods
CALM
 is our first Top Short today. Cal-Maine is a Mississippi-based producer of fresh eggs, and is responsible for nearly 25% of all egg consumption in the US. Our AI systems rated the company C in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.59% to $42.64 on volume of 187,012 vs its 10-day price average of $41.45 and its 22-day price average of $40.03, and is up 14.47% for the year. Revenue grew by 6.47% in the last fiscal year, Operating Income grew by 1027.3% in the last fiscal year, and EPS grew by 262.69% in the last fiscal year. Revenue was $1351.61M in the last fiscal year compared to $1502.93M three years ago, Operating Income was $6.27M in the last fiscal year compared to $181.73M three years ago, EPS was $0.38 in the last fiscal year compared to $2.6 three years ago, and ROE was 1.83% in the last year compared to 14.02% three years ago. Forward 12M Revenue is expected to grow by 3.28% over the next 12 months, and the stock is trading with a Forward 12M P/E of 165.59. 

MORE FROM FORBESCal-Maine Foods (CALM)

Hess Corp (HES)

Hess Corp
HES
 is our second Top Short of the day. Hess is a large energy company involved in the exploration and production of crude oil and natural gas. Our AI systems rated Hess C in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.39% to $71.48 on volume of 1,645,619 vs its 10-day price average of $71.05 and its 22-day price average of $67.13, and is up 35.38%  for the year. Revenue was $4543.0M in the last fiscal year compared to $6152.0M three years ago, Operating Income was $(259.0)M in the last fiscal year compared to $755.0M three years ago, EPS was $(10.15) in the last fiscal year compared to $(1.1) three years ago, and ROE was (35.4%) in the last year compared to (0.99%) three years ago.

MORE FROM FORBESHess (HES)

Sabre Corp (SABR)

Our third Top Short of the day is Sabre Corp
SABR
. Sabre, which was initially founded by American Airlines
AAL
in 1960, is the largest global distribution systems provider for air bookings in North America. Our AI systems rated Sabre F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.95% to $16.75 on volume of 6,967,110 vs its 10-day price average of $15.66 and its 22-day price average of $14.52, and is up 49.42% for the year. Revenue was $1334.1M in the last fiscal year compared to $3866.96M three years ago, Operating Income was $(912.96)M in the last fiscal year compared to $570.34M three years ago, EPS was $(4.42) in the last fiscal year compared to $1.22 three years ago, and ROE was (194.51%) in the last year compared to 40.76% three years ago.

MORE FROM FORBESSabre (SABR)

Tripadvisor Inc (TRIP)

Tripadvisor is our next Top Short. The company is an online travel company that operates both a website and mobile app with user-generated content and ratings. Its platform also offers online hotel reservations and bookings for transportation, lodging, travel experiences, and restaurants. Our AI systems rated Tripadvisor F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.77% to $60.85 on volume of 6,999,456 vs its 10-day price average of $53.5 and its 22-day price average of $47.54, and is up 114.94% for the year. Revenue was $604.0M in the last fiscal year compared to $1615.0M three years ago, Operating Income was $(297.0)M in the last fiscal year compared to $183.0M three years ago, EPS was $(2.14) in the last fiscal year compared to $0.81 three years ago, and ROE was (28.24%) in the last year compared to 7.97% three years ago.

MORE FROM FORBESTripAdvisor (TRIP)

Seaworld Entertainment Inc (SEAS)

Seaworld Entertainment Inc
SEAS
 is today’s final Top Short. Seaworld Entertainment is best known for its theme parks and water parks, most notably SeaWorld and Busch Gardens. The company owns and operates twelve locations in the United States. Our AI systems rated Seaworld Entertainment F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.46% to $50.0 on volume of 773,640 vs its 10-day price average of $49.52 and its 22-day price average of $44.35, and is up 64.96% for the year. Revenue was $431.78M in the last fiscal year compared to $1372.29M three years ago, Operating Income was $(245.94)M in the last fiscal year compared to $186.65M three years ago, EPS was $(3.99) in the last fiscal year compared to $0.52 three years ago, and ROE was (594.39%) in the last year compared to 16.21% three years ago. 

MORE FROM FORBESSeaworld Entertainment (SEAS)

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