Top Stocks To Short Today As Markets Look For First Gain In Weeks

Markets opened mixed as the indices looked to squeak out their first weekly gain in the last 3 weeks. The Dow opened down 120 points, while the S&P 500 opened .12% higher and the Nasdaq NDAQ opened up 0.6% higher. Downgrades of Lowe’s LOW and Home Depot HD , an increased price target for Tesla TSLA by Piper Sandler, Trump’s blocking of TikTok and WeChat set to take place on Sunday, and Bank of America’s BAC recommendation to increase Small Cap exposure all moved markets today. There are also several doubts that the Fed can meet its inflation objective. For investors looking to make sense of this unpredictable 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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Bed Bath & Beyond Inc (BBBY)

The first on our list of Top Shorts today is struggling retailer Bed Bath & Beyond BBBY . The home and personal care retailer, which has closed 200 of its stores this year, has been rated D in Technical, C in Growth, F in Momentum Volatility, and F in Quality Value by our AI systems. The stock closed down 0.78% to $12.73 on volume of 4,488,278 vs its 10-day price average of $12.11 and its 22-day price average of $12.14, and is down 22.05% for the year. Revenue was $11158.58M in the last fiscal year compared to $12349.3M three years ago, and Operating Income was $(55.24)M in the last fiscal year compared to $778.22M three years ago. EPS grew by -10.57% in the last fiscal year and was $(4.94) in the last fiscal year compared to $3.04 three years ago. ROE was (28.38%) in the last year vs 15.15% three years ago, while Forward 12M Revenue is expected to grow by 8.25% over the next 12 months.

MORE FROM FORBESBed Bath & Beyond (BBBY)

Grubhub Inc (GRUB)

Food delivery leader Grubhub GRUB is next on our list of Top Shorts. Our AI systems have rated Grubhub rated C in Technical, F in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed down 0.15% to $68.83 on volume of 2,947,077 vs its 10-day price average of $69.26 and its 22-day price average of $72.28, however it is up 45.7% for the year. Revenue grew by 13.22% in the last fiscal year and grew by 117.49% over the last three fiscal years, and was $1312.15M in the last fiscal year compared to $683.07M three years ago. Operating Income was $(0.58)M in the last fiscal year compared to $99.39M three years ago, EPS was $(0.2) in the last fiscal year compared to $1.12 three years ago, and ROE was (1.26%) in the last year compared to 9.47% three years ago. Forward 12M Revenue is also expected to grow by 7.35% over the next 12 months.

MORE FROM FORBESGrubhub (GRUB)

Pinterest Inc (PINS)

Social media platform Pinterest Inc PINS is third on our list of today’s Top Shorts. Our AI systems have given Pinterest ratings of F in Technical, C in Growth, F in Momentum Volatility, and F in Quality Value. The stock closed down 1.45% to $36.59 on volume of 11,343,650 vs its 10-day price average of $35.63 and its 22-day price average of $35.48, however the stock is up big for the year with a gain of 94.63%. Revenue grew by 7.11% in the last fiscal year and grew by 158.86% over the last three fiscal years, however Operating Income grew by -69.22% in the last fiscal year,and EPS grew by -78.13% in the last fiscal year and by -31.08% over the last three fiscal years. Revenue was $1142.76M in the last fiscal year compared to $472.85M three years ago, while Operating Income was $(1388.87)M in the last fiscal year compared to $(137.93)M three years ago, EPS was $(3.24) in the last fiscal year compared to $(1.03) three years ago, and ROE was (93.9%) in the last fiscal year. Forward 12M Revenue is also expected to grow by 15.75% over the next 12 months.

MORE FROM FORBESPinterest (PINS)

Terex Corp (TEX)

Construction materials manufacturing company Terex TEX is once again on our list of Top Shorts. The company has been scored D in Technical, F in Growth, D in Momentum Volatility, and C in Quality Value by our AI systems. Terex closed up 3.53% to $21.68 on volume of 935,178 vs its 10-day price average of $20.01 and its 22-day price average of $19.95, however it is down 28.14% for the year. Revenue was $4353.1M in the last fiscal year compared to $3793.7M three years ago, Operating Income was $335.1M in the last fiscal year compared to $232.9M three years ago, and EPS was $0.76 in the last fiscal year compared to $1.36 three years ago. ROE was also 23.39% in the last year vs 8.09% three years ago. Forward 12M Revenue is expected to grow by 6.94% over the next 12 months, and the stock is trading with a Forward 12M P/E of 50.44.

MORE FROM FORBESTerex (TEX)

Spirit Airlines Inc (SAVE)

Spirit Airlines Inc SAVE is our final Top Short of the day, and is on our Top Shorts list for the 2nd day in a row. The struggling airliner is rated C in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. The stock closed down 2.43% to $18.1 on volume of 5,784,758 vs its 10-day price average of $17.88 and its 22-day price average of $17.79, and is down 55.47% for the year. Revenue grew by 8.62% over the last three fiscal years, while it was $3830.54M in the last fiscal year compared to $2643.55M three years ago. Operating Income was $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 25.0% over the next 12 months.

MORE FROM FORBESSpirit Airlines (SAVE)

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