The indices continued last week’s gains with the Dow Jones joining the S&P, Nasdaq NDAQ , and Russell in hitting a record high. Further Covid stimulus optimism and hopes of an economic recovery sent the indices higher for a sixth straight day. The Dow Jones rose 200 points, the S&P 500 gained 0.5%, and the Nasdaq rose 0.6%. Last week, both the Senate and House passed a budget resolution that essentially fast-tracked President Biden’s aggressive $1.9 trillion stimulus package. Treasury Secretary Janet Yellen encouraged the passing of this bill and stated that she believes full employment could return by 2022 if this passes. Meanwhile, bitcoin surged to an all-time high above $44,000 after Tesla TSLA said it would accept bitcoin as payment for its products and revealed that it bought $1.5 billion worth of the cryptocurrency. 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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Olin Corp (OLN)
Olin Corp OLN is today’s first Top Short. Olin Corp is a manufacturer of ammunition, chlorine, and sodium hydroxide. Our AI systems rated the company B in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.37% to $27.26 on volume of 1,086,474 vs its 10-day price average of $25.73 and its 22-day price average of $26.32, and is up 12.27% for the year. Revenue was $5758.0M in the last fiscal year compared to $6946.1M three years ago, Operating Income was $(19.8)M in the last fiscal year compared to $604.5M three years ago, EPS was $(6.14) in the last fiscal year compared to $1.95 three years ago, and ROE was (50.13%) in the last year compared to 11.74% three years ago. The stock is also trading with a Forward 12M P/E of 26.35.
MORE FROM FORBESOlin (OLN)
Simple moving average of Olin Corp (OLN)
Stock charts
Seaworld Entertainment Inc (SEAS)
Seaworld Entertainment Inc SEAS is our next 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 C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.87% to $34.3 on volume of 1,288,501 vs its 10-day price average of $30.73 and its 22-day price average of $30.94, and is up 13.16% for the year. Revenue was $1398.24M in the last fiscal year compared to $1263.32M three years ago, Operating Income was $273.38M in the last fiscal year compared to $80.97M three years ago, EPS was $1.1 in the last fiscal year compared to $(2.36) three years ago, and ROE was 37.59% in the last year compared to (54.06%) three years ago. Forward 12M Revenue is also expected to grow by 111.79% over the next 12 months.
MORE FROM FORBESSeaworld Entertainment (SEAS)
Simple moving average of Seaworld Entertainment Inc (SEAS)
Stock charts
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 3.67% to $47.18 on volume of 485,552 vs its 10-day price average of $42.4 and its 22-day price average of $44.04, and is up 19.53% 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)
Simple moving average of Scientific Games Corp (SGMS)
Stock charts
Spirit Aerosystems Holdings (SPR)
Spirit Aerosystems SPR is our fourth Top Short of the day. The Kansas based company is the world’s largest first-tier aerostructures manufacturer, and builds components for Boeing BA aircrafts such as the 737’s fuselage, portions of the 787’s fuselage, and the cockpit for nearly all of Boeing’s airliners. Our AI systems rated the company C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.71% to $38.47 on volume of 1,983,749 vs its 10-day price average of $36.68 and its 22-day price average of $38.34, and is up 4.91% for the year. Revenue was $7863.1M in the last fiscal year compared to $6983.0M three years ago, Operating Income was $816.4M in the last fiscal year compared to $597.2M three years ago, EPS was $5.06 in the last fiscal year compared to $3.01 three years ago, and ROE was 35.34% in the last year compared to 19.03% three years ago. Forward 12M Revenue is also expected to grow by 8.72% over the next 12 months.
MORE FROM FORBESSpirit AeroSystems (SPR)
Simple moving average of Spirit Aerosystems Holdings (SPR)
Stock charts
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 F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.81% to $59.74 on volume of 3,004,263 vs its 10-day price average of $55.78 and its 22-day price average of $53.56, and is up 14.38% 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 8.61% over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.61.
MORE FROM FORBESWestern Digital (WDC)
Simple moving average of Western Digital Corp (WDC)
Stock charts
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