Top Stocks To Short Today As Markets Rise Despite Goldman Pessimism

Goldman Sachs GS advised that a stimulus package was unlikely to pass before the election, however stocks were set to continue yesterday’s rally. The Dow rose 100 points, or 0.3%, while the S&P 500 climbed 0.5% and the Nasdaq NDAQ advanced 0.7%. Although House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” in a phone call yesterday, Goldman Sachs said that the biggest hurdles still have not been crossed, and aid for Americans was unlikely before the election. While markets are moving higher at the moment, a further market rally is dependent on a stimulus. Until that happens, volatility will remain. Earnings so far have been positive, however, economic data continues to come in with mixed results. Today it was announced that Mortgage demand from homebuyers fell for the fourth straight week, for example. Although there is cautious optimism that a deal will pass sooner rather than later, only time will tell. 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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Cal-Maine Foods Inc (CALM)

Egg producing giant Cal-Maine Foods Inc CALM is our first Top Short of the day. The company, which is responsible for over ¼ of egg consumption in the US, has been rated D in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value by our AI systems. The stock closed down 0.08% to $38.14 on volume of 226,010 vs its 10-day price average of $38.09 and its 22-day price average of $38.34, and is down 9.23% for the year. Revenue grew by 3.82% in the last fiscal year, while Operating Income grew by 533.99% in the last fiscal year, and EPS grew by 141.86% in the last fiscal year. Revenue was $1351.61M in the last fiscal year compared to $1502.93M three years ago, Operating Income was $6.27M in the last fiscal year compared to $181.73M three years ago, EPS was $0.38 in the last fiscal year compared to $2.6 three years ago, and ROE was 1.83% in the last year compared to 14.02% three years ago. Forward 12M Revenue is expected to grow by 2.53% over the next 12 months, and the stock is trading with a Forward 12M P/E of 34.15. 

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MORE FROM FORBESCal-Maine Foods (CALM)

Goodyear Tire & Rubber Co (GT)

Goodyear Tire & Rubber Co is returning to our list of Top Shorts today. The Ohio based tire manufacturer has had a difficult year, with a C rating in Technicals, and F ratings everywhere else according to our AI systems- F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.23% to $9.84 on volume of 3,367,073 vs its 10-day price average of $9.68 and its 22-day price average of $8.75, and is down 36.02% 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 6.21% over the next 12 months, and the stock is trading with a Forward 12M P/E of 61.42.

MORE FROM FORBESGoodyear (GT)

Sabre Corp (SABR)

Our next Top Short of the day is another familiar name returning to our list-Sabre Corp SABR . Sabre, which was founded by American Airlines AAL in 1960, is a travel technology company and the largest global distribution systems provider for air bookings in North America. Our AI systems rated Sabre C in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 5.23% to $6.84 on volume of 6,282,654 vs its 10-day price average of $6.7 and its 22-day price average of $6.54, and is down 69.93% for the year. Revenue was $3974.99M in the last fiscal year compared to $3598.48M three years ago, Operating Income was $379.88M in the last fiscal year compared to $563.02M three years ago, EPS was $0.57 in the last fiscal year compared to $0.87 three years ago, and ROE was 17.1% in the last year compared to 37.7% three years ago. Forward 12M Revenue is also expected to grow by 29.05% over the next 12 months.

MORE FROM FORBESSabre (SABR)

Sunpower Corp (SPWR)

Sunpower Corp SPWR is our next Top Short for today for the second consecutive day. The solar power company, which is owned by French energy giant Total, has been rated F in Technicals, C in Growth, F in Low Volatility Momentum, and C in Quality Value by our AI systems. The stock closed up 0.97% to $17.69 on volume of 11,920,760 vs its 10-day price average of $17.09 and its 22-day price average of $14.38, and is up 125.93% for the year. Revenue grew by 0.94% in the last fiscal year and grew by 4.89% over the last three fiscal years, Operating Income grew by -43.85% in the last fiscal year and grew by -70.36% over the last three fiscal years, and EPS grew by -100.72% over the last three fiscal years. Revenue was $1864.22M in the last fiscal year compared to $1794.05M three years ago, Operating Income was $(200.39)M in the last fiscal year compared to $(379.54)M three years ago, EPS was $0.15 in the last fiscal year compared to $(6.67) three years ago, and ROE was (123.34%) three years ago. Forward 12M Revenue is expected to grow by 3.23% over the next 12 months, and the stock is trading with a Forward 12M P/E of 163.64.

MORE FROM FORBESSunpower (SPWR)

Marathon Petroleum Corp (MPC)

Our final Top Short of the day is another important Ohio based company- Marathon Petroleum Corp MPC . Marathon Petroleum is in the energy sector, and focuses on petroleum refining, marketing, and transportation. Our AI systems rated Marathon C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 3.5% to $29.24 on volume of 6,049,696 vs its 10-day price average of $29.76 and its 22-day price average of $29.48, and is down 52.77% for the year. Revenue grew by 36.76% over the last three fiscal years and was $124112.0M in the last fiscal year compared to $75053.0M three years ago. Operating Income was $6069.0M in the last fiscal year compared to $3653.0M three years ago, EPS was $3.97 in the last fiscal year compared to $6.7 three years ago, and ROE was 7.38% in the last year compared to 17.68% three years ago. Forward 12M Revenue is also expected to grow by 1.73% over the next 12 months.

MORE FROM FORBESMarathon Petroleum (MPC)

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