Top Stocks To Short Today As Market Winning Streak Remains Steady

The major indices haven’t had a single down day yet this week. This is a welcome change after last week’s chaos and pullback. So far on Thursday, the Dow has gained 150 points, the S&P 500 has risen 0.4%, and the Nasdaq NDAQ has jumped 0.5%. More strong earnings sent the market higher. Ebay EBAY jumped more than 10% after beating on both the top and bottom lines and issuing a better-than-expected forecast for Q1, while PayPal PYPL gained more than 6% after posting strong quarterly results. Jobless claims also came in better-than-expected, and hit their best levels since early November. Labor market data also showed that we may be trending in the right direction economically. 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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Air Lease Corp (AL)

Our first Top Short today is Air Lease Corp AL . Founded in 2010, Air Lease Corp is a company engaged in leasing aircrafts. Our AI systems rated the company D in Technicals, C in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 3.48% to $43.17 on volume of 517,684 vs its 10-day price average of $41.79 and its 22-day price average of $43.07, and is up 1.84% for the year. Revenue grew by 2.88% in the last fiscal year and grew by 36.83% over the last three fiscal years, and Operating Income grew by 1.03% in the last fiscal year and grew by 31.75% over the last three fiscal years. Revenue was $2016.9M in the last fiscal year compared to $1516.38M three years ago, Operating Income was $1169.7M in the last fiscal year compared to $896.9M three years ago, EPS was $5.09 in the last fiscal year compared  to $6.82 three years ago, and ROE was 11.26% in the last year compared to 20.14% three years ago. Forward 12M Revenue is expected to grow by 4.44% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.51.

MORE FROM FORBESAir Lease (AL)

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Western Digital Corp (WDC)

Computing company Western Digital WDC is a Top Short for the third day in a row. Western Digital is best known for designing, manufacturing, and selling data technology products such as storage devices, data center systems, and cloud storage services. Out AI systems rated the company F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.36% to $57.7 on volume of 3,038,709 vs its 10-day price average of $54.3 and its 22-day price average of $52.94, and is up 10.47% for the year. Operating Income grew by 85.33% in the last fiscal year, while EPS grew by -165.94% in the last fiscal year. Revenue was $16736.0M in the last fiscal year compared to $20647.0M three years ago, Operating Income was $368.0M in the last fiscal year compared to $3830.0M three years ago, EPS was $(0.84) in the last fiscal year compared to $2.2 three years ago, and ROE was (2.56%) in the last year compared to 5.88% three years ago. Forward 12M Revenue is expected to grow by 8.65%  over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.14.

MORE FROM FORBESWestern Digital (WDC)

Chemours Co (CC)

Chemours Co CC is our third Top Short of the day. Chemours Co is a specialty chemicals company that was founded as a spin-off from chemicals giant DuPont. Our AI systems rated Chemours C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.04% to $26.48 on volume of 826,827 vs its 10-day price average of $26.9 and its 22-day price average of $27.12, and is up 6.69% for the year. Revenue was $5526.0M in the last fiscal year compared to $6183.0M three years ago, Operating Income was $447.0M in the last fiscal year compared to $1072.0M three years ago, EPS was $(0.32) in the last fiscal year compared to $3.91 three years ago, and ROE was (6.06%) in the last year compared to 154.18% three years ago. Forward 12M Revenue is expected to grow by 11.73% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.87.

MORE FROM FORBESChemours (CC)

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 1.28% to $22.94 on volume of 1,775,258 vs its 10-day price average of $22.49 and its 22-day price average of $23.21, and is  down 8.61% 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 36.41.

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

Square Inc (SQ)

Square Inc is our final Top Short. Square has been a crucial company during the pandemic and has kept many small businesses afloat. It is a financial services, merchant services aggregator, and mobile payment processor, and markets software and hardware payments products. It has also expanded into small business services. Our AI systems rated Square F in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.14% to $227.94 on volume of 5,142,596 vs its 10-day price average of $218.41 and its 22-day price average of $224.6, and is up 3.07% for the year. Revenue grew by 62.34% in the last fiscal year and grew by 245.58% over the last three fiscal years, Operating Income grew by -13.94% over the last three fiscal years, and EPS grew by -487.55% over the last three fiscal years. Revenue was $4713.5M in the last fiscal year compared to $2214.25M three years ago, Operating Income was $26.56M in the last fiscal year compared to $(54.21)M three years ago, EPS was $0.81 in the last fiscal year compared to $(0.17) three years ago, and ROE was 26.48% in the last year compared to (9.22%) three years ago. Forward 12M Revenue is expected to grow by 35.5% over the next 12 months, and the stock is trading with a Forward 12M P/E of 219.19.

MORE FROM FORBESSquare (SQ)

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