Top Stocks To Short Today As Markets Trade Higher

Markets closed last week higher for the second week in a row, yet ended the week down amid news of President Trump and the first lady testing positive for the coronavirus. However, the indices opened today firmly in the green with news that Trump could be out of hospital as early as today. He was active on twitter new signifying that he could be feeling a lot better. The Dow opened up 250 pts or .9%, while the S&P 500 also rose 0.9% and the Nasdaq rose 1%. While there are very real concerns about the election and a slowing job recovery, there is cautious optimism about a stimulus package passing. Pharmaceutical company Regeneron also rose 5% amid reports that their antibody cocktail has been a huge component of Trump’s medical treatment. For investors looking to make sense of this wild 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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CIT Group Inc (CIT)

First on our list of Top Shorts is CIT Group. The struggling bank holding company has been rated D in Technical, F in Growth, F in Momentum Volatility, and F in Quality Value by our AI systems. The stock closed up 2.56% to $19.2 on volume of 2,253,882 vs its 10-day price average of $17.28 and its 22-day price average of $18.02, and is down 58.25% for the year. Revenue was $2228.9M in the last fiscal year compared to $2375.9M three years ago, Operating Income was $641.5M in the last fiscal year compared to $721.2M three years ago, EPS was $5.28 in the last fiscal year compared to $2.79 three years ago, and ROE was 8.62% in the last year compared to 2.99% three years ago. Forward 12M Revenue is expected to grow by 0.45% over the next 12 months, and the stock is trading with a Forward 12M P/E of 19.71.

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Chevron Corp (CVX)

Next on our list of Top Shorts is oil and energy giant Chevron. A major component of the beaten down and struggling energy sector, our AI systems have rated Chevron C in Technical, F in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed up 1.09% to $71.19 on volume of 9,854,802 vs its 10-day price average of $72.68 and its 22-day price average of $76.29, and is down 41.37% for the year. Revenue was $139865.0M in the last fiscal year compared to $127485.0M three years ago, Operating Income was $10478.0M in the last fiscal year compared to $3499.0M three years ago, EPS was $1.54 in the last fiscal year compared to $4.85 three years ago, and ROE was 1.89% in the last year compared to 6.26% three years ago. Forward 12M Revenue is expected to grow by 17.84% over the next 12 months, and the stock is trading with a Forward 12M P/E of 44.58.

MORE FROM FORBESChevron (CVX)

Expedia Group Inc (EXPE)

Outside of energy, the travel sector has been one of the hardest hit due to COVID-19. Next on our list of Top Shorts is Expedia Group. Expedia is a major holding company in the travel sector, and outside of its own website, owns travel websites such as CarRentals.com, HomeAway, Hotels.com, Hotwire.com, Orbitz, Travelocity, trivago and Vrbo. Our AI systems rated Expedia C in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. The stock closed up 0.03% to $92.09 on volume of 1,891,189 vs its 10-day price average of $92.47 and its 22-day price average of $95.51, and is down 17.02% for the year. Revenue was $12067.0M in the last fiscal year compared to $10060.0M three years ago, Operating Income was $961.0M in the last fiscal year compared to $626.0M three years ago, EPS was $3.77 in the last fiscal year compared to $2.42 three years ago, and ROE was 10.19% in the last year compared to 6.28% three years ago. Forward 12M Revenue is also expected to grow by 15.28% over the next 12 months.

MORE FROM FORBESExpedia Group (EXPE)

Pinterest Inc (PINS)

Returning to the list, is trendy social media platform Pinterest Inc. Our AI systems have rated Pinterest C in Technical, C in Growth, F in Momentum Volatility, and F in Quality Value. The stock closed down 1.59% to $43.82 on volume of 13,603,110 vs its 10-day price average of $40.68 and its 22-day price average of $38.12, and is up a striking 133.09% for the year. Revenue grew by 7.11% in the last fiscal year and grew by 158.86% over the last three fiscal years, while Operating Income grew by -69.22% in the last fiscal year, and EPS grew by -78.13% in the last fiscal year and grew 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, 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 year. Forward 12M Revenue is also expected to grow by 15.75% over the next 12 months.

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Sabre Corp (SABR)

Our final Top Short for today is another travel platform- Sabre Corp. Founded by American Airlines in the 1960s, Sabre is a travel technology company, and the largest global distribution systems provider for air bookings in North America. Our AI systems have rated Sabre Corp C in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. The stock closed up 1.1% to $6.915 on volume of 8,741,802 vs its 10-day price average of $6.34 and its 22-day price average of $6.79, and is down 69.6% 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 21.31% over the next 12 months.

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