Top Stocks To Short Today As Investors Weigh Unemployment Data Against Stimulus

Markets are performing a tug of war between pessimism and optimism. Pessimism is creeping back into the markets due to stimulus talks, while strong earnings and positive jobless claims data are muting losses. Although markets ended yesterday lower, and continued the slide in after-hours trading, the Dow rose 52 points or .18%, while the S&P rose .26%, and the Nasdaq NDAQ gained .43%. In what seems like endless negotiations that will continue indefinitely, both House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin seem so close yet so far apart from a deal. After Goldman Sachs GS advised yesterday that a stimulus package was unlikely to pass before the election, Pelosi seemed to echo that sentiment at the end of the day yesterday. Although talks will continue today, they are running out of time to reach a deal before the election on November 3rd. Losses were capped today, however, due to positive jobless data, and more strong earnings reports. However, until the hurdles are crossed with this stimulus deal, Americans will not receive much needed aid. A stable consistent market rally is also dependent on a stimulus bill, and until that deal happens, markets will see-saw between good news and bad. Although there is cautious optimism that a deal will pass sooner rather than later, sentiment is starting to fade as negotiations slog onwards. The deep learning algorithms at Q.ai are here for you to navigate these markets, and 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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Brixmor Property Group Inc (BRX)

Shopping Center REIT Brixmor Property Group is our first Top Short of the day. Brixmor owns and operates nearly 400+ open-air retail centers, and partners with nearly 5,000 retailers including The TJX Companies TJX , The Kroger Co KR , Publix Super Markets, Walmart WMT , Ross Stores ROST and L.A. Fitness. Our AI systems rated Brixmor C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.18% to $11.27 on volume of 1,997,006 vs its 10-day price average of $11.72 and its 22-day price average of $11.81, and is down 45.74% for the year. Revenue was $1168.26M in the last fiscal year compared to $1283.56M three years ago, Operating Income was $437.65M in the last fiscal year compared to $495.77M three years ago, EPS was $0.92 in the last fiscal year compared to $0.98 three years ago, and ROE was 9.85% in the last year compared to 10.29% three years ago. Forward 12M Revenue is expected to grow by 0.75% over the next 12 months, and the stock is trading with a Forward 12M P/E of 20.7.

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MORE FROM FORBESBrixmor Property Group (BRX)

Halliburton Co (HAL)

Halliburton is our next Top Short of the day, and the first of several energy companies on today’s list. Houston based Halliburton is one of the world’s largest oil field service companies, and has operations in over 70 countries. Our AI systems rated Halliburton C in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.55% to $12.67 on volume of 11,946,940 vs its 10-day price average of $12.63 and its 22-day price average of $12.37, and is down 48.66% 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 21.45.

MORE FROM FORBESHalliburton (HAL)

Phillips 66 (PSX)

Phillips 66 PSX is our third Top Short of the day and our second big energy stock of the day. Our AI systems have given Phillips 66 ratings of C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.75% to $48.72 on volume of 3,798,361 vs its 10-day price average of $51.38 and its 22-day price average of $51.93, and is down 56.58% for the year. Revenue was $107293.0M in the last fiscal year compared to $89300.0M three years ago, Operating Income was $3269.0M in the last fiscal year compared to $1776.0M three years ago, EPS was $6.77 in the last fiscal year compared to $9.85 three years ago, and ROE was 12.43% in the last year compared to 20.52% three years ago. Forward 12M Revenue is expected to grow by 31.52% over the next 12 months, and the stock is trading with a Forward 12M P/E of 68.32.

MORE FROM FORBESPhillips 66 (PSX)

Texas Roadhouse Inc (TXRH)

Our fourth Top Short of the day is Texas Roadhouse Inc TXRH . Our AI systems have given the large restaurant chain ratings of C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.38% to $73.88 on volume of 985,158 vs its 10-day price average of $72.27 and its 22-day price average of $67.28, and is up 31.37% for the year. Revenue grew by 12.85% over the last three fiscal years and was $2756.16M in the last fiscal year compared to $2219.53M three years ago. Operating Income was also $211.12M in the last fiscal year compared to $201.76M three years ago, EPS was $2.46 in the last fiscal year compared to $1.84 three years ago, and ROE was 19.19% in the last year compared to 17.09% three years ago. Forward 12M Revenue is expected to grow by 13.22% over the next 12 months, and the stock is trading with a Forward 12M P/E of 41.23.

MORE FROM FORBESTexas Roadhouse (TXRH)

WPX Energy Inc (WPX)

Our final Top Short of the day, and third energy stock today, is Wpx Energy Inc WPX . The Oklahoma based hydrocarbon exploration company has been rated C in Technicals, F in Growth, D in Low Volatility Momentum, and C in Quality Value by our AI systems. The stock closed down 3.51% to $4.4 on volume of 7,851,952 vs its 10-day price average of $4.82 and its 22-day price average of $4.82, and is down 67.91% for the year. Revenue grew by 101.44% over the last three fiscal years, while Operating Income grew by 158.43% in the last fiscal year and grew by -780.95% over the last three fiscal years. Revenue was $2445.0M in the last fiscal year compared to $1042.0M three years ago, Operating Income was $166.0M in the last fiscal year compared to $(63.0)M three years ago, EPS was $0.61 in the last fiscal year compared to $(0.08) three years ago, and ROE was 5.85% in the last year compared to 0.63% three years ago. The stock is also trading with a Forward 12M P/E of 63.77.

MORE FROM FORBESWPX Energy, Inc. (WPX)

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