Top Stocks To Short Today As Markets Pace To End Week With Losses

Markets were set to continue yesterday’s rally, however, the morning rally was not enough to eke out a weekly gain. The Dow rose 50 points or .18%, while the S&P rose .30%, and the Nasdaq  NDAQ gained .10%. Markets have been see-sawing between stimulus pessimism and corona fears, while noting strong earnings, improving jobless data, and positive COVID treatment/vaccine news. Although stimulus talks seem endless and time is running out of time to reach a deal before the November 3rd election, market sentiment was overall positive today. After the FDA approved Gilead Sciences GILD ’ remdesivir treatment for COVID, investors largely cheered the news. The US presidential debate last night also went considerably better than the first debate, putting some anxious investors at ease. While there still are significant hurdles to cross with this stimulus deal, there is still cautious optimism that a deal will pass eventually. In the meantime, investors will take all the positive news they can get. 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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American International Group (AIG)

American International Group, more commonly known as AIG AIG , is our first Top Short of the day. The insurance corporation, which is headquartered in New York City, has operations in over 80 countries. 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 1.07% to $32.01 on volume of 5,412,032 vs its 10-day price average of $30.45 and its 22-day price average of $29.13, and is down 38.16% for the year. Operating Income grew by 97.28% over the last three fiscal years, while EPS grew by -19.09% over the last three fiscal years. Revenue was $49778.0M in the last fiscal year compared to $49448.0M three years ago, Operating Income was $7061.0M in the last fiscal year compared to $2902.0M three years ago, EPS was $3.74 in the last fiscal year compared to $(6.54) three years ago, and ROE was 6.61% in the last year compared to (8.5%) three years ago. The stock is also trading with a Forward 12M P/E of 8.65.

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SPX Flow Inc (FLOW)

Returning to our list as a Top Short is SPX Flow. The manufacturing company, which provides equipment for HVAC, has been rated D in Technicals, C in Growth, D in Low Volatility Momentum, and D in Quality Value by our AI systems. The stock closed up 0.39% to $46.21 on volume of 139,589 vs its 10-day price average of $45.8 and its 22-day price average of $44.48, and is down 7.45% for the year. Operating Income grew by 1.54% over the last three fiscal years. Revenue was $1506.6M in the last fiscal year compared to $1483.2M three years ago, Operating Income was $130.5M in the last fiscal year compared to $97.6M three years ago, EPS was $(2.24) in the last fiscal year compared to $1.08 three years ago, and ROE was 6.16% in the last year compared to 4.01% three years ago. Forward 12M Revenue is expected to grow by 2.47% over the next 12 months, and the stock is trading with a Forward 12M P/E of 34.06.

MORE FROM FORBESSpx Flow (FLOW)

General Motors Co (GM)

General Motors GM is our third Top Short for today. The car manufacturer, which is home to brands such as Buick, Cadillac, GMC and Chevrolet, has been rated F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value by our AI systems. The stock closed up 4.58% to $37.41 on volume of 23,288,870 vs its 10-day price average of $33.61 and its 22-day price average of $31.7, and is up 0.08% for the year. EPS grew by -140.65% over the last three fiscal years. Revenue was $137237.0M in the last fiscal year compared to $145588.0M three years ago, Operating Income was $6444.0M in the last fiscal year compared to $10150.0M three years ago, EPS was $4.57 in the last fiscal year compared to $(2.6) three years ago, and ROE was 15.03% in the last year compared to 0.82% three years ago. Forward 12M Revenue is expected to grow by 13.16% over the next 12 months, and the stock is trading with a Forward 12M P/E of 7.53.

MORE FROM FORBESGeneral Motors (GM)

Goodyear Tire & Rubber Co (GT)

Goodyear Tire & Rubber Co is back on our list today as our fourth Top Short of the day. Goodyear, which is based in Ohio, is one of the largest tire manufacturers in the world, yet has seen a year full of ups and downs amidst controversies with President Trump. Our AI systems rated Goodyear C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 5.13% to $10.46 on volume of 4,907,148 vs its 10-day price average of $9.8 and its 22-day price average of $8.96, and is down 31.99% for the year. Revenue was $14745.0M in the last fiscal year compared to $15377.0M three years ago Operating Income was $703.0M in the last fiscal year compared to $1393.0M three years ago, EPS was $(1.33) in the last fiscal year compared to $1.37 three years ago, and ROE was (6.18%) in the last year compared to 7.62% three years ago. Forward 12M Revenue is expected to grow by 5.81% over the next 12 months, and the stock is trading with a Forward 12M P/E of 81.34.

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Xerox Holdings Corp (XRX)

Our final Top Short is mostly known for its copy machines, yet nowadays, is involved in many other types of technology based business solutions- Xerox. Xerox has been rated D in Technicals, D in Growth, D in Low Volatility Momentum, and C in Quality Value by our AI systems. The stock closed up 1.79% to $19.89 on volume of 1,454,693 vs its 10-day price average of $19.89 and its 22-day price average of $19.35, and is down 46.14% for the year. EPS grew by 567.44% over the last three fiscal years. Revenue was $9066.0M in the last fiscal year compared to $9991.0M three years ago, Operating Income was $1129.0M in the last fiscal year compared to $892.0M three years ago, EPS was $5.8 in the last fiscal year compared to $0.71 three years ago, and ROE was 11.77% in the last year compared to 1.34% three years ago. Forward 12M Revenue is expected to grow by 1.08% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.93.

MORE FROM FORBESXerox (XRX)

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