Top Stocks To Short Today As Sentiment Around Stimulus Continues To Be Mixed

Stocks yesterday closed sharply down due to pessimism on a new stimulus deal. However, this morning, stocks were set to sharply rise due to renewed optimism. The Dow moved 176 points higher or 0.6%, while the S&P 500 gained 0.7%, and the Nasdaq NDAQ advanced 0.6%. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin “continued to narrow their differences” in a Monday afternoon phone call, and will continue negotiating today. There is palpable optimism that a deal will pass before the day’s end, however time will tell. They are working around the clock to try and hammer out an agreement before the pre-election deadline expires. Blowout earnings also further moved the markets, as well as more COVID vaccine optimism. 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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Cheesecake Factory Inc (CAKE)

Our first Top Short of today is Cheesecake Factory CAKE . The major restaurant chain, best known for its cheesecakes as its name indicates, has been C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 5.97% to $32.3 on volume of 2,801,081 vs its 10-day price average of $30.55 and its 22-day price average of $29.29, and is down 17.12% for the year. Revenue was $2482.69M in the last fiscal year compared to $2260.5M three years ago, Operating Income was $128.15M in the last fiscal year compared to $163.19M three years ago, EPS was $2.86 in the last fiscal year compared to $3.27 three years ago, and ROE was 22.28% in the last year compared to 25.87% three years ago. Forward 12M Revenue is expected to grow by 18.5% over the next 12 months, and the stock is trading with a Forward 12M P/E of 144.97.

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MORE FROM FORBESThe Cheesecake Factory (CAKE)

Ping Identity Holding Corp (PING)

Ping Identity Holding Corp is our next Top Short of the day. The Denver-based software company, which provides identity services, has been rated D in Technicals, C in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.49% to $34.63 on volume of 312,407 vs its 10-day price average of $34.74 and its 22-day price average of $32.62, and is up 42.16% for the year. Revenue grew by 3.09% in the last fiscal year and grew by 45.12% over the last three fiscal years, and was $242.9M in the last fiscal year compared to $172.54M three years ago. Operating Income was also $7.36M in the last fiscal year compared to $24.28M three years ago, EPS was $(0.02) in the last fiscal year compared to $0.29 three years ago, and ROE was (0.25%) in the last year. Forward 12M Revenue is expected to grow by 7.32% over the next 12 months, and the stock is trading with a Forward 12M P/E of 128.45. 

MORE FROM FORBESPing Identity Holding (PING)

Sailpoint Technology Hldg (SAIL)

Sailpoint is our third Top Short for today. The company, which is a cloud-based identity management software platform, has been rated D in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.79% to $46.11 on volume of 943,889 vs its 10-day price average of $45.85 and its 22-day price average of $42.56, and is up 93.01% for the year. Revenue grew by 15.34% in the last fiscal year and grew by 78.86% over the last three fiscal years, Operating Income grew by -323.69% in the last fiscal year and grew by 35.72% over the last three fiscal years, and EPS grew by -138.02% in the last fiscal year and grew by -106.91% over the last three fiscal years. Revenue was $288.52M in the last fiscal year compared to $186.06M three years ago, Operating Income was $(6.03)M in the last fiscal year compared to $9.94M three years ago, EPS was $(0.1) in the last fiscal year compared to $(0.55) three years ago, and ROE was (2.09%) in the last year compared to (2.82%) three years ago. Forward 12M Revenue is also expected to grow by 3.03% over the next 12 months.

MORE FROM FORBESSailpoint Techno Hldg (SAIL)

Sunpower Corp (SPWR)

Sunpower Corp SPWR is our next Top Short for today. 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 3.24% to $17.52 on volume of 18,665,430 vs its 10-day price average of $16.88 and its 22-day price average of $14.03, and is up 123.75% 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 162.07.

MORE FROM FORBESSunpower (SPWR)

Sterling Bancorp (STL)

Our final Top Short of the day is Sterling Bancorp STL . The New York based regional bank, which is back on our list for the third day in a row, has been rated D in Technicals, D in Growth, D in Low Volatility Momentum, and C in Quality Value by our AI systems. The stock closed down 1.47% to $12.07 on volume of 2,481,016 vs its 10-day price average of $12.1 and its 22-day price average of $11.3, and is down 43.04% for the year. Revenue grew by 30.75% over the last three fiscal years, while Operating Income grew by 10.18% over the last three fiscal years, and EPS grew by 148.75% over the last three fiscal years. Revenue was $991.99M in the last fiscal year compared to $614.35M three years ago, Operating Income was $583.44M in the last fiscal year compared to $353.71M three years ago, EPS was $2.03 in the last fiscal year compared to $0.58 three years ago, and ROE was 9.53% in the last year compared to 3.05% three years ago. The stock is also trading with a Forward 12M P/E of 7.55.

MORE FROM FORBESSterling Bancorp (STL)

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