Top Stocks To Short Today As Newsworthy Week Ends With Another Rally

After the vaccine-related recovery rally stalled yesterday with sharp losses, markets broadly gained today. The Dow rose 307.55 points, or 1.7%, the S&P 500 gained 1.15%, and the Nasdaq also gained 0.7%. Although COVID cases continue surging to record highs, and Fed Chair Jerome Powell’s economic assessment yesterday was uncertain at best, investors are still largely encouraged by Pfizer and BioNTech’s vaccine data. As recovery stocks rose again today, the Dow is on pace for a nice weekly gain. Disney led the way, rising 4% with better than expected earnings, while other recovery stocks such as Boeing, Carnival, and United Airlines gained as well. 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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Hexcel Corp (HXL)

Industrial materials company Hexcel Corp is our first Top Short of the day. The Connecticut based company focuses on developing and manufacturing structural materials. Our AI systems rated Hexcel D in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.07% to $42.08 on volume of 1,656,481 vs its 10-day price average of $37.55 and its 22-day price average of $35.69, and is down 44.03% for the year. Revenue was $2355.7M in the last fiscal year compared to $1973.3M three years ago, Operating Income was $425.2M in the last fiscal year compared to $350.6M three years ago, EPS was $3.57 in the last fiscal year compared to $3.09 three years ago, and ROE was 22.15% in the last year compared to 20.73% three years ago.

MORE FROM FORBESHexcel (HXL)

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Macerich Co (MAC)

Macerich Co is our second Top Short of the day. Macerich is a REIT that invests in shopping centers, and is the third-largest owner and operator of shopping centers in the United States. Our AI systems rated Macerich D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.35% to $8.59 on volume of 5,371,436 vs its 10-day price average of $7.72 and its 22-day price average of $7.33, and is down 63.8% for the year. Revenue was $976.43M in the last fiscal year compared to $1057.44M three years ago, Operating Income was $255.12M in the last fiscal year compared to $298.46M three years ago, EPS was $0.68 in the last fiscal year compared to $1.02 three years ago, and ROE was 3.41% in the last year compared to 3.85% three years ago.

MORE FROM FORBESMacerich (MAC)

Kar Auction Services Inc (KAR)

Car auctioning company Kar Auction Services is on our list for the third time this week as our next Top Short of the day. Kar operates through two segments: ADESA, Inc. (ADESA Auctions or ADESA) and Automotive Finance Corporation (AFC). Our AI systems rated Kar Auction Services C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.62% to $17.58 on volume of 2,263,671 vs its 10-day price average of $16.75 and its 22-day price average of $15.93, and is down 20.31% for the year. Revenue grew by 4.05% over the last three fiscal years and was $2781.9M in the last fiscal year compared to $2238.8M three years ago. Operating Income was also $314.1M in the last fiscal year compared to $326.5M three years ago, EPS was $1.42 in the last fiscal year compared to $2.62 three years ago, and ROE was 5.93% in the last year compared to 12.07% three years ago. Forward 12M Revenue is expected to grow by 11.02% over the next 12 months, and the stock is trading with a Forward 12M P/E of 12.39.

MORE FROM FORBESKAR Global (KAR)

Superior Industries Intl (SUP)

Motor vehicle parts and accessories manufacturer Superior Industries is our next Top Short of the day. Our AI systems rated the company F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.89% to $2.85 on volume of 644,308 vs its 10-day price average of $2.21 and its 22-day price average of $1.76, and is down 24.2% for the year. Revenue was $1372.49M in the last fiscal year compared to $1108.06M three years ago, Operating Income was $68.68M in the last fiscal year compared to $57.42M three years ago, EPS was $(5.1) in the last fiscal year compared to $(1.01) three years ago, and ROE was (20.29%) in the last year compared to (1.22%) three years ago. Forward 12M Revenue is also expected to grow by 19.43% over the next 12 months.

MORE FROM FORBESSuperior Industries International Inc. (SUP)

Terex Corp (TEX)

Terex Corp is our final Top Short of the day. The company is a leading global manufacturer of lifting and material processing products. Our AI systems rated Terex C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.44% to $27.97 on volume of 489,770 vs its 10-day price average of $27.14 and its 22-day price average of $26.03, and is down 7.29% for the year. Revenue was $4353.1M in the last fiscal year compared to $3793.7M three years ago, Operating Income was $335.1M in the last fiscal year compared to $232.9M three years ago, EPS was $0.76 in the last fiscal year compared to $1.36 three years ago, and ROE was 23.39% in the last year compared to 8.09% three years ago. Forward 12M Revenue is expected to grow by 7.21% over the next 12 months, and the stock is trading with a Forward 12M P/E of 25.38.

MORE FROM FORBESTerex (TEX)

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