Top Stocks To Short Today As Markets Rebound After Difficult Week

The stock market dealt a blow to the bears today, as it reversed course on its most difficult week since the height of the pandemic. At the opening bell, the Dow Jones Industrial Average was up 200 points, while the S&P 500 rose 1.3%. The Nasdaq Composite, which is dominated by the volatile tech sector, also climbed 1.9% in opening. That index had previously dipped into corrections territory, after plunging 10% in the past three trading sessions. More specifically, investors gave Tesla TSLA another look today – shares rose 7% after it suffered the single steepest decline in the company’s history. And Apple AAPL jumped 4% on open as well, potentially bookending a drumbeat of negative news. In the macro space, AstraZeneca announced that it had pause its play for a COVID vaccine over safety concerns. The AstraZeneca/Oxford vaccine was one of the most promising candidates, and its suspension is undoubtedly a setback for investors as well as general bulls. For investors looking to make sense of a volatile and potentially overheated market, the deep learning algorithms at Q.ai have crunched the data to give you a curated 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.

Craft Brew Alliance Inc (BREW)

Headquartered in Portland, OR- Craft Brew Alliance Inc BREW is a top 10 brewery in the United States, and was only late last year the subject of acquisition talks by Anheuser-Busch. Our AI networks graded the company a C in Technical, F in Growth, D in Momentum Volatility, and D in Quality Value. Shares closed up 0.13% over the last week to $15.68 on a volume of 59,846 against a 10-day price average of $15.75 and a 22-day price average of $15.56. The stock is down mildly for the year at 4.39%, and EPS fell by -44.49% in the last fiscal year. Revenue was $192.97M in FY19, which compares to $207.46M three years ago. Operating income was -$13.42M for FY19, compared to $4.65M three years ago. EPS was -$0.66 in FY19, and compares to $0.49 three years ago. ROE was -9.87% in the last year, compared to 7.6% three years ago. Forward 12M Revenue is expected to grow by 2.73% over the next 12 months.

MORE FROM FORBESCraft Brew Alliance (BREW)

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Matador Resources Co (MTDR)

A Delaware-based resources and energy company that specializes in oil and natural gas, Matador Resources Inc (MTDR) was in the news last week after shares plunged 8.1% yesterday. Our AI technology assessed the company as a C in Technical, F in Growth, F in Momentum Volatility, and D in Quality Value. Shares closed down 8.1%, falling to $8.74 on a volume of 2,203,734. The stock’s 10-day price average and 22-day average are roughly flat, at $9.63 and $9.65 respectively. The stock is down for the year at 51.85%, but revenue grew by 64.02% over the past three fiscal years. Revenue was $962.9M in FY19, which compares to $538.88M three years ago. Operating income was $235.48M in FY19, and compares to $160.84M three years ago. EPS was $0.75 in FY19, which compares to 1.23 three years ago. ROE was 6.56% in the last year, compared to 14.16% three years ago. Forward 12M revenue is expected to grow by 3.12% over the next 12 months. Shares have been trading with a Forward 12M P/E Ratio of 37.08.

MORE FROM FORBESMatador Resources (MTDR)

Ovintiv Inc (OVV)

Based in Denver, CO- Ovintiv Inc (OVV) is another hydrocarbon exploration, extraction, and refining company on our list of Top Shorts. Our AI deep learning methods rated the company as a C in Technical, F in Growth, F in Momentum Volatility, and F in Quality Value. Shares closed down 8.37%, falling to $12.48 on a volume of 1,247,115. The stock’s 10-day price average and 22-day average are both higher, at $14.3 and $14.97. The stock is down for the year at 59.48%, and revenue grew by 58.94% over the past three years. Revenue was $7013.0M in FY19, compared to $3892.0M three years ago. Operating revenue was $729.0M in FY19, which compares to $1074.0M three years ago. EPS was $0.9 in the past fiscal year, versus $4.25 three years ago. ROE was 2.69% in the last year, which compares to 12.87% three years ago.

MORE FROM FORBESOvintiv (OVV)

Plug Power Inc (PLUG)

Headquartered in Latham, NY- Plug Power Inc PLUG is an innovative hydrogen fuel cell company that is seeking to replace conventional batteries and engines in a wide range of equipment. Our AI systems assessed the stock as a D in Technical, D in Growth, D in Momentum Volatility, and D in Quality Value. Shares closed down 0.26% to $12.72 on a volume of 25,860,390, compared to a 10-day price average of $12.72 and a 22-day price average of $12.4. Shares are up 262.04% for the year, and revenue has also been trending up – 12.93% in FY19, and 159.61% over the past three years. EPS was -$0.36 in the last fiscal year, compared to -$0.6 three years ago. Operating income was -$50.04M in the last fiscal year, which compares to -$101.79M three years ago. ROE was -100.44% in the last year, which compares to -150.33% three years ago. Forward 12M Revenue is expected to grow by 8.64% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Ventas Inc (VTR)

The Chicago, IL-based real estate investment trust Ventas Inc VTR  provides owns a diverse portfolio including nursing homes, medical office buildings, laboratories, and surgical clinics. Our deep artificial intelligence (AI) networks assessed the stock as a C in Technical, D in Growth, F in Momentum Volatility, and F in Quality Value. Shares closed down 1.64% to $43.83 on a volume of 2,769,296, compared to a 10-day price average of $41.61 and a 22-day price average of $41.84. Shares are down 22.27% for the year, and revenue has been trending up – 1.33% in FY19, despite the impact of COVID-19, and 9.62% over the past three years. Operating income was $837.17M in FY19, compared to $1057.65M three years ago. EPS was $1.17 in the last fiscal year, compared to $3.78 three years ago. ROE was 4.13% in the last year, which compares to 12.48% three years ago. Shares trade with a Forward 12M P/E of 152.88.

MORE FROM FORBESVentas (VTR)

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