Top Stocks To Short Today As Bond Yields Clobber Tech Shares Again

Growth stocks, especially tech, plummeted once again thanks to rising bond yields and interest rate fears. Anxious investors are waiting for Fed Chair Jerome Powell’s statement today on the state of the economy and interest rates. Fears of inflation are certainly palpable right now thanks to bond yields hitting their highest levels in over a year, and there are worries that Powell may have no choice but to hike the Fed Funds Rate sooner than expected. For now, the Fed still plans on keeping its targeted interest rate low. However, if bond yields continue to rise, high-growth companies reliant on low borrowing rates could continue their downturn. The Dow Jones dropped 300 points or 1%, the S&P 500 fell 1.6%, and the Nasdaq NDAQ plummeted by 3% and fell below its 50-day moving average. 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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Greenbrier Cos Inc (The) (GBX)

Greenbrier Cos Inc is today’s first Top Short for the third day in a row. Greenbrier Cos is heavily involved in the railroad industry, and builds, leases, repairs, supplies, and manages railcars in North America, South America, Europe, and the Middle East. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and C in Quality Value. The stock closed up 5.29% to $47.99 on volume of 1,357,182 vs its 10-day price average of $44.9 and its 22-day price average of $40.8, and is up 36.49% for the year. Revenue was $2792.19M in the last fiscal year compared to $2519.46M three years ago, Operating Income was $148.43M in the last fiscal year compared to $208.62M three years ago, EPS was $1.46 in the last fiscal year compared to $4.68 three years ago, and ROE was 5.88% in the last year compared to 13.09% three years ago. Forward 12M Revenue is expected to grow by 9.66% over the next 12 months, and the stock is trading with a Forward 12M P/E of 71.02.

MORE FROM FORBESGreenbrier Cos (The) (GBX)

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Olin Corp (OLN)

Olin Corp is once again on our list of Top Shorts. 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 up 5.34% to $31.58 on volume of 3,125,258 vs its 10-day price average of $29.03 and its 22-day price average of $27.26, and is up 30.07%  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 30.53.

MORE FROM FORBESOlin (OLN)

E.L.F. Beauty Inc (ELF)

E.L.F. Beauty is our next Top Short. E.L.F. Beauty is a cosmetics company that includes products such as bath and skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes, mascara, and more. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.55% to $25.38 on volume of 863,664 vs its 10-day price average of $24.06 and its 22-day price average of $23.25, and is up 1.12% for the year. Revenue grew by 6.12% in the last fiscal year and grew by 12.23% over the last three fiscal years, and was $282.85M in the last fiscal year compared to $267.44M three years ago. Operating Income was $23.97M in the last fiscal year compared to $26.16M three years ago, EPS was $0.35 in the last fiscal year compared to $0.32 three years ago, and ROE was 7.82% in the last year compared to 7.34% three years ago. Forward 12M Revenue is expected to grow by 4.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 40.17.

MORE FROM FORBESE.L.F. Beauty (ELF)

Eog Resources Inc (EOG)

Eog Resources EOG  is our fourth Top Short of the day. The Texas company, which was spun off from the notorious Enron in 1999, is in the hydrocarbon exploration and energy space. Our AI systems rated Eog C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 5.74% to $66.1 on volume of 4,638,760 vs its 10-day price average of $61.43 and its 22-day price average of $57.51, and is up 33.37% for the year. Revenue grew by 0.07%  over the last three fiscal years, and was $17076.08M in the last fiscal year compared to $11287.59M three years ago. Operating Income was $3666.29M in the last fiscal year compared to $1069.74M three years ago, EPS was $4.71 in the last fiscal year compared to $4.46 three years ago, and ROE was 13.34% in the last year compared to 17.07% three years ago. Forward 12M Revenue is expected to grow by 5.6% over the next 12 months, and the stock is trading with a Forward 12M P/E of 24.29.

MORE FROM FORBESEOG Resources (EOG)

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 1.08% to $47.74 on volume of 426,676 vs its 10-day price average of $46.84 and its 22-day price average of $44.64, and is up 20.95% 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. 

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