Top Stocks To Short Today As Major Indices Keep Up Winning Streak

Markets opened with news that the Labor Department reported that the U.S. added 49,000 jobs in January compared to estimates of 50,000. However, investors largely overlooked this on Friday, and sent the indices to what could be their fifth winning day in a row. Unemployment fell to 6.3% and beat projections of 6.7%, jobless claims came in better than expected on Thursday, and earnings continue to shatter expectations. The Senate also passed a budget resolution and moved closer towards passing a $1.9 trillion stimulus bill. On all of this news, the Dow gained 180 points, the S&P 500 rose 0.5%, and the Nasdaq
NDAQ
NDAQ
jumped 0.2%. So far this week, the major indices are on pace for their best week since November. The Dow has gained 2%, the S&P 500 has gained 4.6%, and the Nasdaq has gained 5.6%. Last week’s Reddit trading mania feels so long ago. 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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E.L.F. Beauty Inc (ELF) 

E.L.F. Beauty is our first Top Short of the day. E.L.F. Beauty is a cosmetics company that includes products such as bath and skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes, mascara, and more. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.78% to $23.12 on volume of 2,079,392 vs its 10-day price average of $22.48 and its 22-day price average of $23.12, and is down 7.89% for the year. Revenue grew by 6.12% in the last fiscal year and grew by 12.23% over the last three fiscal years, and was $282.85M in the last fiscal year compared to $267.44M three years ago. Operating Income was $23.97M in the last fiscal year compared to $26.16M three years ago, EPS was $0.35 in the last fiscal year compared to $0.32 three years ago, and ROE was 7.82% in the last year compared to 7.34% three years ago. Forward 12M Revenue is expected to grow by 4.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 36.77.

MORE FROM FORBESE.L.F. Beauty (ELF)

Eog Resources Inc (EOG)

Eog Resources
EOG
 is our second Top Short of the day. The Texas company, which was spun off from the notorious Enron in 1999, is in the hydrocarbon exploration and energy space. Our AI systems rated Eog C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.85% to $57.47 on volume of 5,451,140 vs its 10-day price average of $53.92 and its 22-day price average of $56.49, and is up 15.96% for the year. Revenue grew by 0.07% over the last three fiscal years, and was $17076.08M in the last fiscal year compared to $11287.59M three years ago. Operating Income was $3666.29M in the last fiscal year compared to $1069.74M three years ago, EPS was $4.71 in the last fiscal year compared to $4.46 three years ago, and ROE was 13.34% in the last year compared to 17.07% three years ago. Forward 12M Revenue is expected to grow by 5.6% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.58.

MORE FROM FORBESEOG Resources (EOG)

Cedar Fair-Lp (FUN)

Cedar Fair-Lp is our next Top Short. Cedar Fair is an amusement park and entertainment holding company best known for its Cedar Point amusement park in Sandusky, Ohio. Our AI systems rated Cedar Fair C in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 4.63% to $44.32 on volume of 744,633 vs its 10-day price average of $41.11 and its 22-day price average of $41.36, and is up 11.81% for the year. Revenue was $1474.92M in the last fiscal year compared to $1321.97M three years ago,Operating Income was $320.92M in the last fiscal year compared to $306.06M three years ago, EPS was $3.03 in the last fiscal year, and compared to $3.79 three years ago, ROE was 1535.55% in the last year compared to 300.39% three years ago. Forward 12M Revenue is expected to grow by 346.91% over the next 12 months.

MORE FROM FORBESCedar Fair -Lp (FUN)

Nektar Therapeutics (NKTR)

Nektar Therapeutics is our fourth Top Short of the day. Nektar Therapeutics is a biotech company that discovers and develops innovative medicines for high unmet medical needs, such as investigational drugs for cancer, auto-immune diseases, and chronic pain. Our AI systems rated the company B in Technicals, C in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 3.52% to $20.6 on volume of 1,991,509 vs its 10-day price average of $19.02 and its 22-day price average of $18.42, and is up 16.65% for the year. Revenue grew by 42.49% in the last fiscal year, Operating Income grew by -13.91% in the last fiscal year, and EPS grew by -1.8% in the last fiscal year. Revenue was $114.62M in the last fiscal year compared to $307.71M three years ago, Operating Income was $(440.04)M in the last fiscal year compared to $(43.66)M three years ago, EPS was $(2.52) in the last fiscal year compared to $(0.62) three years ago, and ROE was (28.22%) in the last year compared to (109.91%) three years ago.

MORE FROM FORBESNektar Therapeutics (NKTR)

Scientific Games Corp (SGMS)

Scientific Games Corp
SGMS
is our final Top Short today. Scientific Games provides gambling products and services to lottery and gambling organizations globally. Our AI systems rated the company A in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 7.67% to $45.51 on volume of 1,287,920 vs its 10-day price average of $42.19 and its 22-day price average of $43.78, and is up 15.3% for the year. Revenue was $3400.0M in the last fiscal year compared to $3084.0M three years ago, Operating Income was $583.0M in the last fiscal year compared to $440.0M three years ago, and EPS was $(1.4) in the last fiscal year compared to $(2.72) three years ago. Forward 12M Revenue is also expected to grow by 12.45% over the next 12 months. 

MORE FROM FORBESScientific Games (SGMS)

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