Top Stocks To Short Today As Markets Rise From Vaccine News

Stocks rose on Monday to start the week off on a positive note. The Dow Jones rose 220 points, or 0.7%, the S&P 500 gained 0.6%, and the Nasdaq NDAQ advanced 0.7%. The small-cap Russell 2000, meanwhile continued to outperform, and surged 1.6% to hit another all-time high. First and foremost, cautious stimulus optimism helped stocks. While Democrats and Republicans still remain deeply divided on certain matters, a bipartisan stimulus plan could be introduced that is split into two parts in order to improve its chances of approval. The $908 billion bipartisan plan would be split into a $748 billion measure with money for jobless and small business and another part that includes liability protections and state aid- the biggest sources of contention between Democrats and Republicans. Additionally, the rollout of Pfizer’s PFE vaccine in the U.S. finally began today. The FDA is also expected to publish its assessment on Moderna’s vaccine this week. Time will tell what happens with stocks, as this could be a market moving week with further stimulus talks, Pfizer’s vaccine rollout, a Federal Reserve policy meeting, earnings, and Tesla’s TSLA official addition to the S&P 500 on Friday. 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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Chewy Inc (CHWY)

Pet food, supplies, and pet products e-commerce company Chewy Inc CHWY . is our first Top Short of the day for the second consecutive day. Our AI systems rated Chewy D in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 9.02% to $85.11 on volume of 8,774,077 vs its 10-day price average of $76.45 and its 22-day price average of $71.16, and is up 187.34% for the year. Revenue grew by 33.24% in the last fiscal year and grew by 206.89% over the last three fiscal years, Operating Income grew by -31.68% in the last fiscal year and grew by -37.41% over the last three fiscal years, and EPS grew by -31.86% in the last fiscal year and grew by -83.83% over the last three fiscal years. Revenue was $4846.74M in the last fiscal year compared to $2104.29M three years ago, Operating Income was $(252.73)M in the last fiscal year compared to $(275.86)M three years ago, and EPS was $(0.63) in the last fiscal year compared to $(2.67) three years ago. Forward 12M Revenue is also expected to grow by 18.03% over the next 12 months.

MORE FROM FORBESChewy (CHWY)

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Dennys Corp (DENN)

Dennys Corp DENN is our next Top Short today. The company is a diner-style restaurant chain and operates over 1,700 restaurants in the United States, Canada, Central America, Asia, Middle East, and U.K. Our AI systems rated Dennys F in Technicals, D in Growth, D in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.72% to $13.76 on volume of 1,167,423 vs its 10-day price average of $12.91 and its 22-day price average of $11.88, and is down 31.17% for the year. Revenue was $541.39M in the last fiscal year compared to $529.17M three years ago, Operating Income was $73.8M in the last fiscal year compared to $69.78M three years ago, and EPS was $1.9 in the last fiscal year compared to $0.56 three years ago. Forward 12M Revenue is expected to grow by 25.37% over the next 12 months, and the stock is trading with a Forward 12M P/E of 37.36.

MORE FROM FORBESDenny’s (DENN)

Inphi Corp (IPHI)

Inphi Corp is our next Top Short. Inphi Corporation IPHI operates in the semiconductor space, and provides 10G-800G high-speed analog and mixed-signal semiconductor components and optical subsystems to networking original equipment manufacturers, optical module, cloud and telecom service providers. Our AI systems rated Inphi F in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.03% to $149.11 on volume of 647,485 vs its 10-day price average of $150.99 and its 22-day price average of $149.84, and is up 95.55% for the year. Revenue grew by 63.64% in the last fiscal year and grew by 71.83% over the last three fiscal years, Operating Income grew by -63.7% in the last fiscal year and grew by -22.59% over the last three fiscal years, and EPS grew by -21.29% in the last fiscal year and grew by -28.72% over the last three fiscal years. Revenue was $365.64M in the last fiscal year compared to $348.2M three years ago, Operating Income was $(49.45)M in the last fiscal year compared to $(23.18)M three years ago, EPS was $(1.61) in the last fiscal year compared to $(1.78) three years ago, and ROE was (20.44%) in the last year compared to (17.14%) three years ago. Forward 12M Revenue is expected to grow by 13.17% over the next 12 months, and the stock is trading with a Forward 12M P/E of 41.45.

MORE FROM FORBESInphi (IPHI)

Roku Inc (ROKU)

Streaming media company Roku ROKU is our next Top Short today. Roku manufactures digital media players that now integrate with Smart TVs, and offer access to streaming media content from various online services. Our AI systems rated Roku D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.76% to $330.87 on volume of 5,441,740 vs its 10-day price average of $301.13 and its 22-day price average of $273.88, and is up 141.33% for the year. Revenue grew by 36.39% in the last fiscal year and grew by 200.28% over the last three fiscal years, and EPS grew by -63.21% over the last three fiscal years. Revenue was $1128.92M in the last fiscal year compared to $512.76M three years ago, Operating Income was $(61.16)M in the last fiscal year compared to $(19.62)M three years ago, EPS was $(0.52) in the last fiscal year compared to $(2.24) three years ago, and ROE was (12.71%) in the last year compared to (69.93%) three years ago. Forward 12M Revenue is also expected to grow by 24.85% over the next 12 months.

MORE FROM FORBESRoku (ROKU)

Unifi Inc (UFI)

Unifi Inc is our final Top Short today. Unifi is a manufacturing company with a very unique niche- yarns. Unifi processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. Our AI systems rated Unifi D in Technicals, C in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.85% to $16.94 on volume of 109,162 vs its 10-day price average of $16.35 and its 22-day price average of $16.01, and is down 31.86% for the year. Revenue was $606.51M in the last fiscal year compared to $678.91M three years ago, Operating Income was $(6.51)M in the last fiscal year, compared to $30.39M three years ago, EPS was $(3.1) in the last fiscal year compared to $1.7 three years ago, and ROE was (16.15%) in the last year compared to 8.45% three years ago. Forward 12M Revenue is expected to grow by 2.63% over the next 12 months, and the stock is trading with a Forward 12M P/E of 38.5.

MORE FROM FORBESUnifi (UFI)

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