Stocks rebounded from another sharp sell-off yesterday thanks to a stronger-than-expected jobs report that boosted sentiment about a faster-than-expected economic reopening. Although bond yields and inflation remained a concern, especially after Jay Powell’s comments yesterday, much of the market’s focus to close out the week was on the jobs. Stocks that would benefit from a rapid economic comeback, such as energy stocks, bank stocks, and retail stocks, gained, while high-flying growth names like Peloton and Tesla TSLA continued to struggle. Through digesting all of this news, the Dow Jones rose 310 points, the S&P 500 rose 1.1%, and the Nasdaq NDAQ gained 0.8%. 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 for the second day in a row. 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 1.8% to $40.09 on volume of 320,884 vs its 10-day price average of $38.8 and its 22-day price average of $38.91, and is up 6.47% 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 155.69.
MORE FROM FORBESCal-Maine Foods (CALM)
Simple moving average of Cal-Maine Foods Inc (CALM) Cal-Maine Foods Inc (CALM)
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Carvana Co (CVNA)
Carvana is our next Top Short. The company is a major innovator and disruptor in the car industry, and is a robust online used car dealer. Our AI systems rated Carvana F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 6.3% to $269.99 on volume of 2,441,743 vs its 10-day price average of $288.79 and its 22-day price average of $290.08, and is up 14.27% for the year. Revenue was $5586.56M in the last fiscal year compared to $1955.47M three years ago, Operating Income was $(332.4)M in the last fiscal year compared to $(220.73)M three years ago, EPS was $(2.63) in the last fiscal year compared to $(2.03) three years ago, and ROE was (93.05%) in the last year compared to (100.5%) three years ago.
MORE FROM FORBESCarvana (CVNA)
Simple moving average of Carvana Co (CVNA)
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Hess Corp (HES)
Hess Corp HES is our third 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 up 4.66% to $70.79 on volume of 3,405,822 vs its 10-day price average of $66.72 and its 22-day price average of $62.53, and is up 34.07% 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)
Simple moving average of Hess Corp (HES)
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Tripadvisor Inc (TRIP)
Tripadvisor TRIP is our final Top Short of the day. 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 down 3.24% to $51.69 on volume of 7,351,690 vs its 10-day price average of $48.05 and its 22-day price average of $41.7, and is up 82.59% 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)
Simple moving average of Tripadvisor Inc (TRIP)
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