Top Stocks To Short Today As Investors Consider COVID Without Stimulus

Stocks continued yesterday’s fall amid record coronavirus numbers, economic shutdowns, and a lag in stimulus negotiations. This morning, the Dow fell 81 points, or 0.2%, the S&P 500 slipped 0.2%, and the Nasdaq NDAQ pulled back by 0.1%. Although there is renewed vaccine optimism today after the U.K. started vaccinating people with Pfizer PFE and BioNTech’s vaccine, and the U.S. F.D.A. said that the vaccine is safe and could be approved any day, investors still have near-term worries. Although Democrats and Republicans are speaking again regarding a stimulus package, and indications show that while the ice is thawing, they are still far apart on a deal. Some believe a deal could pass as early as this week, while others believe it won’t happen until 2021. 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.

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Hannon Armstrong Sust Infr (HASI)

Hannon Armstrong is our first Top Short today and back on our list once again. The company is focused on investing in sustainable infrastructure and climate change solutions. In fact, according to Hannon Armstrong’s website, they are the first public U.S. company solely dedicated to investments in climate change solutions. Our AI systems rated Hannon Armstrong C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.29% to $54.1 on volume of 652,032 vs its 10-day price average of $53.94 and its 22-day price average of $51.71, and is up 78.96% for the year. Revenue grew by 23.45% in the last fiscal year and grew by 135.67% over the last three fiscal years, Operating Income grew by 34.94% in the last fiscal year and grew by 374.56% over the last three fiscal years, and EPS grew by 16.28% in the last fiscal year and grew by 152.95% over the last three fiscal years. Revenue was $77.34M in the last fiscal year compared to $40.52M three years ago, Operating Income was $33.87M in the last fiscal year compared to $9.63M three years ago, EPS was $1.24 in the last fiscal year compared to $0.57 three years ago, and ROE was 9.39% in the last year compared to 5.1% three years ago. The stock is also trading with a Forward 12M P/E of 36.37.

MORE FROM FORBESHannon Armstrong Sust Infr (HASI)

MORE FOR YOU

Dave & Buster’s Entmt Inc (PLAY)

Restaurant/video game arcade hybrid Dave & Buster’s is our next Top Short today. The unique chain has about 137 locations across the U.S. and Canada and has been rated D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value by our AI systems. The stock closed down 6.49% to $24.94 on volume of 2,921,015 vs its 10-day price average of $26.01 and its 22-day price average of $24.1, and is down 38.45% for the year. Revenue was $1354.69M in the last fiscal year compared to $1139.79M three years ago, Operating Income was $148.08M in the last fiscal year compared to $168.32M three years ago, EPS was $2.94 in the last fiscal year compared to $2.84 three years ago, and ROE was 35.97% in the last year compared to 28.09% three years ago. Forward 12M Revenue is also expected to grow by 60.66% over the next 12 months.

MORE FROM FORBESDave & Buster’S Entmt (PLAY)

Plug Power Inc (PLUG)

Our third Top Short today is Plug Power Inc PLUG . Plug Power is a company at the forefront of automotive innovation with its development of hydrogen fuel cell systems. The goal of this company is to develop mechanisms to eventually replace conventional batteries in equipment and vehicles powered by electricity. Our AI systems rated Plug Power C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.4% to $24.75 on volume of 16,997,551 vs its 10-day price average of $25.44 and its 22-day price average of $23.71, and is up 663.89% for the year. Revenue grew by 33.57% in the last fiscal year and grew by 207.07% over the last three fiscal years, Operating Income grew by -14.23% over the last three fiscal years, and EPS grew by -8.08% in the last fiscal year and grew by -44.91% over the last three fiscal years. Revenue was $230.24M in the last fiscal year compared to $100.15M three years ago, Operating Income was $(50.04)M in the last fiscal year compared to $(101.79)M three years ago, EPS was $(0.36) in the last fiscal year compared to $(0.6) three years ago, and ROE was (100.44%) in the last year compared to (150.33%) three years ago. Forward 12M Revenue is also expected to grow by 17.87% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Zillow Group Inc (Z)

Our final Top Short for the day is Zillow Z . Zillow is a large online real estate marketplace, and considers to increase its market share and diversify its business. Our AI systems rated Zillow D in Technicals, D in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed up 4.63% to $111.92 on volume of 4,382,368 vs its 10-day price average of $108.45 and its 22-day price average of $107.65, and is up 147.56% for the year. Revenue grew by 27.42% in the last fiscal year and grew by 224.56% over the last three fiscal years, while Operating Income grew by -50.49% in the last fiscal year, and EPS grew by -3.27% in the last fiscal year. Revenue was $2742.84M in the last fiscal year compared to $1076.79M three years ago, Operating Income was $(246.84)M in the last fiscal year compared to $12.59M three years ago, EPS was $(1.48) in the last fiscal year compared to $(0.51) three years ago, and ROE was (9.11%) in the last year compared to (3.64%) three years ago. Forward 12M Revenue is expected to grow by 21.5% over the next 12 months, and the stock is also trading with a Forward 12M P/E of 203.36. 

MORE FROM FORBESZillow Group (Z)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Comments are closed.