Top Stocks To Short Today Amid Reddit Mania And Disappointing Johnson & Johnson Data

Stocks are on pace for their worst weekly declines in nearly three months. The Dow Jones lost 370 points, or 1.2%, the S&P 500 lost 0.9% with all 11 sectors in the red, and the Nasdaq NDAQ slid 1%. The continued war between retail investors and Wall Street continued, with heavily shorted names like Gamestop GME , AMC, and Blackberry surging once again. Regulators, brokerages, and financial institutions have been spooked, with platforms like Robinhood sparking controversy by temporarily halting the trading of these names. Data from Johnson and Johnson’s JNJ one-dose vaccine candidate also disappointed many investors. Despite claiming to offer complete protection from COVID-related hospitalizations, JNJ said its vaccine demonstrated 66% effectiveness in protecting against Covid-19. The Dow has now declined in 5 of the last 6 trading days. 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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Aramark (ARMK)

Aramark ARMK is today’s first Top Short. Aramark is a leading food service, facilities, and uniform services provider for clients in sectors including education, healthcare, business, prisons, and leisure. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The closed up 3.79% to $35.64 on volume of 1,951,553 vs its 10-day price average of $35.84 and its 22-day price average of $36.92, and is down 5.51% for the year. Revenue was $12829.56M in the last fiscal year compared to $15789.63M three years ago, Operating Income was $(82.62)M in the last fiscal year compared to $842.61M three years ago, EPS was $(1.83) in the last fiscal year compared to $2.24 three years ago, and ROE was (15.19%) in the last year compared to 20.64% three years ago.

MORE FROM FORBESAramark (ARMK)

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Liberty Media Formula One (FWONK)

Liberty Media Formula One FWONK  is our second Top Short today. The company, which also has interests with Sirius XM Radio SIRI and the MLB’s Atlanta Braves, owns iconic global motorsports franchise Formula One. Our AI systems rated the media conglomerate C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.54% to $40.88 on volume of 869,263 vs its 10-day price average of $40.84 and its 22-day price average of $41.2, and is up 0.02% for the year. Revenue was $2022.0M in the last fiscal year compared to $1783.0M three years ago, Operating Income was $(35.0)M in the last fiscal year compared to $(40.0)M three years ago, EPS was $(1.34) in the last fiscal year compared to $1.1 three years ago, and ROE was (5.76%) in the last year compared to 7.39% three years ago. Forward 12M Revenue is also expected to grow by 69.52% over the next 12 months. 

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

Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise Co. HPE our third Top Short today. The company engages in the provision of information technology, technology and enterprise products, solutions, and services. Our AI systems rated Hewlett Packard Enterprise Co. D in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.9% to $12.56 on volume of 10,760,499 vs its 10-day price average of $12.42 and its 22-day price average of $12.12, and is up 8.56% for the year. Revenue was $26982.0M in the last fiscal year compared to $30852.0M three years ago, Operating Income was $1659.0M in the last fiscal year compared to $1133.0M three years ago, EPS was $(0.25) in the last fiscal year compared to $1.23 three years ago, and ROE was (1.94%) in the last year compared to 8.99% three years ago. The stock is also trading with a Forward 12M P/E of 7.61.

MORE FROM FORBESHewlett Packard Enterprise (HPE)

Trupanion Inc (TRUP)

Pet insurance company Trupanion TRUP is our next Top Short of the day. Trupanion certainly has a unique niche in the insurance space as its one simple plan claims to cover 90% of veterinary costs with no payout limits. Our AI systems rated Trupanion C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.03% to $116.11 on volume of 347,877 vs its 10-day price average of $118.25 and its 22-day price average of $117.73, and is up 1.46% for the year. Revenue grew by 21.07% in the last fiscal year and grew by 90.73% over the last three fiscal years, and Operating Income grew by -34.95% in the last fiscal year and grew by -36.49% over the last three fiscal years. Revenue was $383.94M in the last fiscal year compared to $243.7M three years ago, Operating Income was $(1.57)M in the last fiscal year compared to $(1.61)M three years ago, EPS was $(0.05) in the last fiscal year compared to $(0.05) three years ago, and ROE was (1.36%) in the last year compared to (3.23%) three years ago. Forward 12M Revenue is also expected to grow by 20.21% over the next 12 months.

MORE FROM FORBESTrupanion (TRUP)

Western Digital Corp (WDC)

Computing company Western Digital WDC  is our final Top Short of the day for the second day in a row. 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, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.02% to $52.65 on volume of 5,991,202 vs its 10-day price average of $51.88 and its 22-day price average of $51.74, and is up 0.8% for the year. Operating Income grew by 85.6% 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 7.88% over the next 12 months, and the stock is trading with a Forward 12M P/E of 11.26.

MORE FROM FORBESWestern Digital (WDC)

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