Top Stocks To Short Today As Markets Try To Shake Yesterday’s Performance

Markets yesterday experienced their worst plunge since early September. The Dow dropped 45 points or .16%, while the S&P gained .08%, and the Nasdaq NDAQ bounced .6%. Markets struggled for a broad recovery today due to mounting worries about surges in Covid-19 cases in the U.S., compounded by diminishing hopes of a stimulus package before the election in just one week. While earnings have generally been strong, Caterpillar’s CAT earnings today disappointed. There certainly has been some strong economic data, however, as US durable-goods orders crushed estimates and climbed 1.9% in September. While sentiment is mixed at best, 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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Cal-Maine Foods Inc (CALM)

Food producer Cal-Maine Foods CALM is our first top short of the day. The Mississippi based company focuses most of their operations on egg production, and is responsible for nearly ¼ of all eggs in the USA. Our AI systems rated Cal-Maine D in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.96% to $38.97 on volume of 239,297 vs its 10-day price average of $38.45 and its 22-day price average of $38.43, and is down 7.26% for the year. Revenue grew by 3.82% in the last fiscal year, 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 34.9.

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MORE FROM FORBESCal-Maine Foods (CALM)

Chevron Corp (CVX)

Oil giant Chevron CVX is our second Top Short of the day, and our first of two big oil stocks on today’s list. Chevron is one of the world’s largest companies, and operates around the globe in 180 countries. Our AI systems rated Chevron C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.25% to $70.94 on volume of 9,709,564 vs its 10-day price average of $72.35 and its 22-day price average of $72.6, and is down 39.19% 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 18.03% over the next 12 months, and the stock is trading with a Forward 12M P/E of 69.6.

MORE FROM FORBESChevron (CVX)

Goodyear Tire & Rubber Co (GT)

Goodyear Tire & Rubber Co is back on our list today as our next Top Short of the day. The Ohio based company is one of the largest tire manufacturers in the world, and has had quite a mixed year. Our AI systems rated Goodyear C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 5.91% to $10.35 on volume of 7,352,157 vs its 10-day price average of $10.01 and its 22-day price average of $9.24, and is down 31.86% 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 6.24% over the next 12 months, and the stock is trading with a Forward 12M P/E of 80.48.

MORE FROM FORBESGoodyear (GT)

Hess Corp (HES)

Hess Corp HES is our fourth Top Short of the day, and our second large oil stock. Our AI systems rated Hess F in Technicals, C in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 4.93% to $37.43 on volume of 2,362,418 vs its 10-day price average of $38.23 and its 22-day price average of $38.75, and is down 43.73% for the year. Operating Income grew by -89.72% over the last three fiscal years, while EPS grew by -19.98% over the last three fiscal years. Revenue was $6311.0M in the last fiscal year compared to $5347.0M three years ago, Operating Income was $576.0M in the last fiscal year compared to $(2849.0)M three years ago, EPS was $(1.37) in the last fiscal year compared to $(13.12) three years ago, and ROE was (2.33%) in the last year compared to (28.21%) three years ago.

MORE FROM FORBESHess (HES)

Sunrun Inc (RUN)

Sunrun Inc is our final Top Short of the day. The San Francisco based company is in the solar energy space, and provides solar panel and battery storage for homes. Our AI systems rated Sunrun C in Technicals, C in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.48% to $56.3 on volume of 5,695,300 vs its 10-day price average of $60.68 and its 22-day price average of $67.84, and is up 296.76% for the year. Revenue grew by 59.89% over the last three fiscal years, and was $858.58M in the last fiscal year compared to $532.54M three years ago. Operating Income was $(218.01)M in the last fiscal year compared to $(181.13)M three years ago, EPS was $0.21 in the last fiscal year compared to $1.16 three years ago, and ROE was (25.67%) in the last year compared to (23.71%) three years ago. Forward 12M Revenue is expected to grow by 21.42% over the next 12 months, and the stock is trading with a Forward 12M P/E of 129.51.

MORE FROM FORBESSunrun (RUN)

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