Top Stocks To Short Today As Market Sees Minuscule Drops

Confidence surged to kick this week off after a blowout jobs report saw nonfarm payrolls increase by 916,000 in March. This shattered expectations of the 675,000 economists were expecting. Although stocks somewhat retreated from the previous session’s records, the losses were minuscule and optimistic sentiment was still permeating the markets. The Dow fell 60 points, the S&P 500 dropped 0.2%, and the Nasdaq
NDAQ
fell 0.2%, all while the 10-year yield remained stable at around 1.71%. How long can it last? It will depend on how many more trillions get pumped into the market. If you’re looking for a way to hedge, 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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Chewy Inc (CHWY)

Pet food, supplies, and pet products e-commerce company Chewy Inc
CHWY
  is our first Top Short of the day. Chewy recently saw its stock have a nice 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 down 2.25% to $80.85 on volume of 5,091,617 vs its 10-day price average of $81.48 and its 22-day price average of $82.09, and is down 9.06% 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)

Bandwidth Inc (BAND)

Bandwidth Inc is our next Top Short. Bandwidth Inc is a Communications Platform as a Service company, and sells software application programming interfaces for voice and messaging, using their own IP voice network. Our AI systems rated the company F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.95% to $123.0 on volume of 506,017 vs its 10-day price average of $121.7 and its 22-day price average of $124.93, and is down 22.38% for the year. Revenue was $343.11M in the last fiscal year compared to $204.11M three years ago, Operating Income was $(0.6)M in the last fiscal year compared to $7.44M three years ago, EPS was $(1.83) in the last fiscal year compared to $0.85 three years ago, and ROE was (12.56%) in the last year compared to 19.33% three years ago. 

MORE FROM FORBESBandwidth (BAND)

J & J Snack Foods Corp (JJSF) 

J & J Snack Foods Corp
JJSF
 is today’s next Top Short. The New Jersey based company is a manufacturer, marketer, and distributor of branded niche snack foods and frozen beverages for the food service and retail supermarket industries. Our AI systems rated J & J Snack Foods D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.2% to $158.52 on volume of 91,844 vs its 10-day price average of $156.76 and its 22-day price average of $160.18, and is up 4.5% for the year. Revenue was $1022.04M in the last fiscal year compared to $1138.27M three years ago, Operating Income was $23.66M in the last fiscal year compared to $110.78M three years ago, EPS was $0.96 in the last fiscal year compared to $5.51 three years ago, and ROE was 2.23% in the last year compared to 14.37% three years ago. Forward 12M Revenue is expected to grow by 1.46% over the next 12 months, and the stock is trading with a Forward 12M P/E of 54.15.

MORE FROM FORBESJ&J Snack Foods (JJSF)

Motorcar Parts Of Amer Inc (MPAA) 

Motorcar Parts of America is our fourth Top Short today. The company is a global leader in the remanufacturing and supply of best-in-class under hood and under car components. Our AI systems rated Motorcar Parts of America C in Technicals, C in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.4% to $22.67 on volume of 37,284 vs its 10-day price average of $22.39 and its 22-day price average of $23.09, and is up 16.26% for the year. Revenue grew by 22.42% over the last three fiscal years, Operating Income grew by 24.78% in the last fiscal year, and EPS grew by -266.6% in the last fiscal year. Revenue was $535.83M in the last fiscal year compared to $427.55M three years ago, Operating Income was $16.64M in the last fiscal year compared to $51.1M three years ago, EPS was $(0.39) in the last fiscal year compared to $0.99 three years ago, and ROE was (2.63%) in the last year compared to 7.19% three years ago. Forward 12M Revenue is expected to grow by 9.27% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.5.

MORE FROM FORBESMotorcar Parts Of Amer (MPAA)

Western Digital Corp (WDC)

Computing company Western Digital
WDC
is our final Top Short today. Western Digital is best known for designing, manufacturing, and selling data technology products such as storage devices, data center systems, and cloud storage services. Out AI systems rated the company C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.94% to $72.04 on volume of 4,690,029 vs its 10-day price average of $67.18 and its 22-day price average of $67.94, and is up 37.93% for the year. Operating Income grew by 65.22% in the last fiscal year, while EPS grew by -165.94% in the last fiscal year. Revenue was $16736.0M in the last fiscal year compared to $20647.0M three years ago, Operating Income was $368.0M in the last fiscal year compared to $3830.0M three years ago, EPS was $(0.84) in the last fiscal year compared to $2.2 three years ago, and ROE was (2.56%) in the last year compared to 5.88% three years ago. Forward 12M Revenue is expected to grow by 9.81% over the next 12 months, and the stock is trading with a Forward 12M P/E of 14.01. 

MORE FROM FORBESWestern Digital (WDC)

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