Top Stocks To Short Today As Dow Rises For Second Day In A Row

After yesterday’s furious rally due to President Trump’s positive health prognosis, the Dow Jones continued with mild gains of 35 points, or .12%. Both the S&P and Nasdaq NDAQ were relatively flat, up .03% and down .1% respectively. The small cap Russell 2000 index also gained for the 6th time in 7 days. Investors cooled off slightly after yesterday’s gains, while they remained cautiously optimistic about a second stimulus package passing. The markets are in somewhat of a sideways holding pattern today, as they also anxiously anticipate words from Federal Reserve Chairman Jerome Powell about the need for stimulus. While there are still a myriad of concerns about the election and a slowing job recovery, there is cautious optimism permeating the market. Recovery stocks such as Boeing BA and Goldman Sachs GS rose more than 1% each, while cruise stocks such as Carnival, Norwegian Cruise Line NCLH and Royal Caribbean RCL all rose more than 2%. Big Tech, however, was under pressure as the House hinted that they could break up Big Tech. Facebook, Amazon AMZN , Apple AAPL , Netflix NFLX , Alphabet and Microsoft MSFT were all down around 0.5%. For investors looking to make sense of this wild market, 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 Technical, Growth, Momentum Volatility, and Quality Value to find the best short plays.

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Cinemark Holdings Inc (CNK)

First on our list of Top Shorts is Cinemark Holdings. Amidst the news of Regal Cinema’s shutdown, Cinemark Holdings, a fellow movie theatre chain, is under even more significant pressure today. Our AI systems have rated Cinemark F in Technical, F in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed down 17.44% to $8.33 on volume of 29,289,710 vs its 10-day price average of $10.07 and its 22-day price average of $11.68, and is down 75.55% for the year. Revenue was $3283.1M in the last fiscal year compared to $2991.55M three years ago, Operating Income was $407.4M in the last fiscal year compared to $430.18M three years ago, EPS was $1.63 in the last fiscal year compared to $2.26 three years ago, and ROE was 13.57% in the last year compared to 19.86% three years ago. Forward 12M Revenue is also expected to grow by 59.97% over the next 12 months.

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MORE FROM FORBESCinemark Holdings (CNK)

Halliburton Co (HAL)

Next on our list of Top Shorts is Halliburton HAL , one of the largest oil field operators in the world. The oil and energy industry has greatly suffered this year, and Halliburton is no exception. Our AI systems have rated Halliburton C in Technical, D in Growth, F in Momentum Volatility, and C in Quality Value. The stock closed up 5.48% to $11.93 on volume of 13,796,450 vs its 10-day price average of $12.22 and its 22-day price average of $13.59, and is down 51.66% for the year. Revenue was $22408.0M in the last fiscal year compared to $20620.0M three years ago, Operating Income was $1481.0M in the last fiscal year compared to $2021.0M three years ago, EPS was $(1.29) in the last fiscal year compared to $(0.53) three years ago, and ROE was (12.85%) in the last year compared to (5.05%) three years ago. The stock is also trading with a Forward 12M P/E of 37.4.

MORE FROM FORBESHalliburton (HAL)

Macerich Co (MAC)

Next on our list of Top Shorts is our first of two shopping center REITS- Macerich Co MAC . Our AI systems have rated Macerich C in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. The stock closed up 0.81% to $7.47 on volume of 2,343,116 vs its 10-day price average of $6.97 and its 22-day price average of $7.35, and is down 71.19% for the year. Revenue was $976.43M in the last fiscal year compared to $1057.44M three years ago, Operating Income was $255.12M in the last fiscal year compared to $298.46M three years ago, EPS was $0.68 in the last fiscal year compared to $1.02 three years ago, and ROE was 3.41% in the last year compared to 3.85% three years ago. Forward 12M Revenue is also expected to grow by 0.56% over the next 12 months.

MORE FROM FORBESMacerich (MAC)

Spirit Airlines Inc (SAVE)

Back on our list of Top Shorts is low cost airline Spirit Airlines SAVE . The airline industry has been hit hard from COVID-19, however, Spirit has underperformed even more than the broader airline sector. Our AI systems have rated Spirit Airlines B in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. Spirit’s stock closed down 1.97% to $16.38 on volume of 8,062,968 vs its 10-day price average of $16.27 and its 22-day price average of $17.07, and is down 59.7% for the year. Revenue grew by 8.62% over the last three fiscal years and was $3830.54M in the last fiscal year compared to $2643.55M three years ago. Operating Income was also $519.11M in the last fiscal year compared to $401.62M three years ago, EPS was $4.89 in the last fiscal year compared to $5.99 three years ago, and ROE was 16.0% in the last year compared to 26.32% three years ago. Forward 12M Revenue is also expected to grow by 24.7% over the next 12 months.

MORE FROM FORBESSpirit Airlines (SAVE)

Taubman Centers Inc (TCO)

Taubman Centers TCO is our final Top Short for the day, and is our second shopping center REIT on the list. Our AI systems have rated Taubman Centers D in Technical, F in Growth, C in Momentum Volatility, and D in Quality Value. The stock closed up 0.77% to $35.4 on volume of 1,033,735 vs its 10-day price average of $34.16 and its 22-day price average of $35.5, and is up 18.55% for the year. EPS also grew by 202.65% over the last three fiscal years. Revenue was $661.05M in the last fiscal year compared to $629.16M three years ago, Operating Income was $180.17M in the last fiscal year compared to $165.48M three years ago, and EPS was $3.32 in the last fiscal year compared to $0.91 three years ago. 

MORE FROM FORBESTaubman Centers (TCO)

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