Top Stocks To Short Today As Dow Paces To Hit Record Closing

Although some of the news today was focused on the Senate’s debate raising stimulus checks for Americans to $2,000 from $600, much of the news was focused on Astrazeneca and Oxford University’s COVID-19 vaccine candidate. The U.K. today became the first country in the world to approve it for emergency use. There are now three vaccines in circulation in the U.K., and more countries could soon follow. This is certainly an optimistic development as COVID-19 continues to surge across the globe. The Dow Jones rose 100 points, or 0.4%, the S&P 500 climbed 0.4%, and the Nasdaq NDAQ gained 0.6%. The Russell 2000 also recovered some of its losses the last three sessions and gained 1.14%. With just two trading days left in 2020, the major indices are remarkably on track to end 2020 with strong gains despite the pandemic and market crash in March. The Dow is up 6.3% for the year, the S&P 500 has gained 15.36%, and the Nasdaq is up a whopping 43%. Despite some recent pullbacks, the Russell 2000 is up 17.4% for the year. 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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Elastic Nv (ESTC)

Elastic NV is our first Top Short today. Elastic NV is an American-Dutch search company that builds self-managed and SaaS offerings for search, logging, security, and analytics use cases. Our AI systems rated the company F in Technicals, C in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.91% to $147.87 on volume of 856,182 vs its 10-day price average of $151.07 and its 22-day price average of $141.89, and is up 124.76% for the year. Revenue grew by 19.4% in the last fiscal year and grew by 219.23% over the last three fiscal years, Operating Income grew by -12.99% in the last fiscal year, and EPS grew by -30.09% in the last fiscal year and grew by -9.9% over the last three fiscal years. Revenue was $427.62M in the last fiscal year compared to $159.94M three years ago, Operating Income was $(153.13)M in the last fiscal year compared to $(46.73)M three years ago, EPS was $(2.12) in the last fiscal year compares to $(1.65) three years ago, and ROE was (49.41%) in the last year compared to (88.04%) three years ago. Forward 12M Revenue is also expected to grow by 10.61% over the next 12 months.

MORE FROM FORBESElastic (ESTC)

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Maxar Technologies Inc (MAXR)

Space technology company Maxar Technologies MAXR is our next Top Short for the second day in a row. The Colorado-based company specializes in manufacturing communication, Earth observation, radar, on-orbit servicing satellites, satellite products, and related services. Our AI systems rated Maxar C in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 1.46% to $34.4 on volume of 817,249 vs its 10-day price average of $34.59 and its 22-day price average of $32.65, and is up 108.86% for the year. Operating Income grew by -85.11% over the last three fiscal years, while EPS grew by 243.48% in the last fiscal year and grew by 327.58% over the last three fiscal years. Revenue was $1666.0M in the last fiscal year compared to $1257.0M three years ago, Operating Income was $(7.0)M in the last fiscal year compared to $(94.0)M three years ago, EPS was $1.81 in the last fiscal year compared to $1.46 three years ago, and ROE was 11.62% in the last year compared to (4.15%) three years ago. Forward 12M Revenue is also expected to grow by 4.74% over the next 12 months.

MORE FROM FORBESMaxar Technologies (MAXR)

Redfin Corp (RDFN)

Our third Top Short for the second consecutive day is Redfin Corp RDFN . Redfin is a Seattle-based real estate brokerage, and operates with a unique business model. With Redfin’s business model, sellers pay Redfin a small fee to list the seller’s home, in addition to another small fee charged to the seller to compensate the brokerage representing the buyer. Customers who buy with Redfin are only charged 1% to list their home, and also receive a portion of the brokerages commission back (called the Redfin Refund). Our AI systems rated Redfin D in Technical, D in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed down 1.52% to $72.34 on volume of 1,273,034 vs its 10-day price average of $75.65 and its 22-day price average of $63.69, and is up 234.6342% for the year. Revenue grew by 12.18% in the last fiscal year and grew by 136.4% over the last three fiscal years, while Operating Income grew by -68.25% in the last fiscal year, and EPS grew by -49.13% in the last fiscal year and grew by -89.96% over the last three fiscal years. Revenue was $779.8M in the last fiscal year compared to $370.04M three years ago, Operating Income was $(79.25)M in the last fiscal year compared to $(15.97)M three years ago, EPS was $(0.88) in the last fiscal year, compared to $(4.47) three years ago, and ROE was (22.98%) in the last year compared to (9.17%) three years ago. Forward 12M Revenue is also expected to grow by 25.6% over the next 12 months.

MORE FROM FORBESRedfin (RDFN)

2U Inc (TWOU)

2U Inc TWOU is our fourth Top Short for today. 2U is an EdTech company that contracts with non-profit colleges and universities to offer online degree programs. Our AI systems rated 2U F in Technicals, C in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.91% to $39.64 on volume of 1,048,486 vs its 10-day price average of $39.52 and its 22-day price average of $36.05, and is up 68.47% for the year. Revenue grew by 25.71% in the last fiscal year and grew by 151.93% over the last three fiscal years, while EPS grew by -11.18% in the last fiscal year. Revenue was $574.67M in the last fiscal year compared to $286.75M three years ago, Operating Income was $(157.51)M in the last fiscal year compared to $(30.14)M three years ago, EPS was $(3.83) in the last fiscal year compared to $(0.6) three years ago, and ROE was (33.22%) in the last year compared to (10.09%) three years ago. Forward 12M Revenue is also expected to grow by 14.0% over the next 12 months.

MORE FROM FORBES2U (TWOU)

U.S. Foods Holding Corp (USFD)

U.S. Foods Holding Corp is our final Top Short today. The company is a leading foodservice distributor in the United States, and markets/primarily distributes fresh, frozen and dry food and non-food products. Our AI systems rated U.S. Foods C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.7% to $32.93 on volume of 791,875 vs its 10-day price average of $33.27 and its 22-day price average of $33.14, and is down 19.64% for the year. Revenue was $25939.0M in the last fiscal year compared to $24147.0M three years ago, Operating Income was $759M in the last fiscal year compared to $573M three years ago, EPS was $1.75 in the last fiscal year compared to $1.97 three years ago, and ROE was 11.1% in the last year compared to 16.79% three years ago. Forward 12M Revenue is expected to grow by 11.26% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.98..

MORE FROM FORBESUS Foods (USFD)

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