Top Stocks To Short Today As Markets Recoup Last Week’s Losses

Things are finally getting back to normal in the stock market. Investors are back to focusing on earnings from companies such as Amazon
AMZN
and Alphabet, stimulus progress, and how the blizzard that bombarded the Northeast could affect vaccines. No longer are memes, GameStop
GME
, and AMC garnering the attention, and no longer does the Reddit vs. Hedge Fund war seem to be a thing. On the perceived easing of this “class war,” the Dow Jones gained about 500 points, the S&P 500 gained 1.4%, and the Nasdaq
NDAQ
rose 1.2%. Almost all of last week’s losses have been recovered now. Meanwhile, GameStop has lost over half its value in the last two days, while AMC declined about 30%. With all of this news, 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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Liberty Media Braves Group (BATRK) 

Liberty Media Braves Group is our first Top Short today. The company is a mass media and entertainment group, and has three divisions and ownership stakes in Formula One, SiriusXM, and the MLB’s Atlanta Braves. Our AI systems rated the media conglomerate D in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.64% to $27.22 on volume of 114,753 vs its 10-day price average of $26.3 and its 22-day price average of $25.9, and is up 7.72% for the year. Revenue was $476.0M  in the last fiscal year compared to $386.0M three years ago, Operating Income was $(39.0)M in the last fiscal year compared to $(113.0)M three years ago, EPS was $(1.51) in the last fiscal year compared to $(0.51) three years ago, and ROE was (18.87%) in the last year compared to (6.29%) three years ago. Forward 12M Revenue is also expected to grow by 126.69%  over the next 12 months.

MORE FROM FORBESLiberty Media Formula One (FWON.K:)

Cedar Fair-Lp (FUN)

Cedar Fair-Lp is our second Top Short today. 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 0.25% to $40.2 on volume of 218,842 vs its 10-day price average of $40.73 and its 22-day price average of $40.91, and is up 1.41% 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 also expected to grow by 346.91% over the next 12 months. 

MORE FROM FORBESCedar Fair -Lp (FUN)

Western Digital Corp (WDC)

Computing company Western Digital
WDC
is our next Top Short of the day. 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 F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.06% to $57.59 on volume of 4,568,772 vs its 10-day price average of $53.12 and its 22-day price average of $52.45, and is up 10.26% for the year. Operating Income grew by 85.33% 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 8.65%  over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.12.

MORE FROM FORBESWestern Digital (WDC)

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 5.03% to $20.69 on volume of 2,976,804 vs its 10-day price average of $18.09 and its 22-day price average of $18.08, and is up 17.16% 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)

Resideo Technologies (REZI) 

Resideo Technologies is today’s final Top Short. The company is involved in providing Smart Home products and systems, and offers home comfort and security solutions. Our AI systems rated Resideo Technologies D in Technicals, C in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 5.15% to $24.29 on volume of 973,790 vs its 10-day price average of $24.79 and its 22-day price average of $23.97, and is up 14.09% for the year. Revenue grew by 7.86% over the last three fiscal years, while EPS grew by -92.18% over the last three fiscal years. Revenue was $4988.0M in the last fiscal year compared to $4519.0M three years ago, Operating Income was $359.0M in the last fiscal year compared to $445.0M three years ago, EPS was $0.29 in the last fiscal year compared to $(3.22) three years ago, and ROE was 2.3% in the last year compared to (14.39%) three years ago. Forward 12M Revenue is expected to grow by 7.01% over the next 12 months, and the stock is trading with a Forward 12M P/E of 8.8.

MORE FROM FORBESResideo Technologies (REZI)

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