Top Stocks To Short Today As Stimulus And Vaccine Optimism Boosts Markets

After Monday’s early gains were wiped out from fears of further shutdown measures, stocks rose on Tuesday due to cautious stimulus optimism. The Dow gained 217 points, or 0.7%, the S&P 500 advanced 0.8%, and the Nasdaq NDAQ gained 0.7%. While Democrats and Republicans still remain deeply divided on certain matters, a two part bipartisan stimulus plan was formally introduced. This $908 billion plan would be split into a $748 billion component with an additional $300 per week in federal unemployment benefits and another $300 billion for more loans under the Paycheck Protection Program. The second component, a $160 billion bill, would include the more partisan issues of business liability protections and financial aid to state and local governments. Additionally, as Pfizer’s PFE vaccine roll-out continued in the U.S., FDA staff announced that they endorsed emergency use of Moderna’s Covid vaccine. The FDA’s vaccine advisory panel meets Thursday and will decide whether to recommend clearance. Upon authorization, government officials plan to ship nearly 6 million doses of Moderna’s- in addition to the initial 2.9 million Pfizer doses already being distributed. Time will tell what happens with stocks, as this could be a market moving week with further stimulus talks, vaccine updates, 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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Liveperson Inc (LPSN)

Tech company Liveperson Inc LPSN is our first Top Short of the day. The company develops conversational commerce and AI software, and is most famous for being the developer of the Conversational Cloud-a software platform that allows consumers to message with brands. Our AI systems rated Liveperson F in Technicals, C in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.88% to $58.5 on volume of 852,145 vs its 10-day price average of $55.98 and its 22-day price average of $55.12, and is up 56.58% for the year. Revenue grew by 17.82% in the last fiscal year and grew by 56.97% over the last three fiscal years, while Operating Income grew by -9.39% in the last fiscal year. Revenue was $291.61M in the last fiscal year compared to $218.88M three years ago, Operating Income was $(80.09)M in the last fiscal year compared to $(7.53)M three years ago, EPS was $(1.53) in the last fiscal year compared to $(0.32) three years ago, and ROE was (60.18%) in the last year, compared to (13.06%) three years ago. Forward 12M Revenue is also expected to grow by 16.23% over the next 12 months.

MORE FROM FORBESLiveperson (LPSN)

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Maxar Technologies Inc (MAXR)

Space technology company Maxar Technologies MAXR is our next Top Short. The Colorado-based company specializes in manufacturing communication, Earth observation, radar, on-orbit servicing satellites, satellite products, and related services. Our AI systems rated Maxar C in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 8.03% to $34.03 on volume of 1,631,343 vs its 10-day price average of $31.6 and its 22-day price average of $29.05, and is up 106.62% for the year. Operating Income grew by -85.11% over the last three fiscal years, while EPS grew by 243.48% in the last fiscal year and grew by 327.58% over the last three fiscal years. Revenue was $1666.0M in the last fiscal year compared to $1257.0M three years ago, Operating Income was $(7.0)M in the last fiscal year compared to $(94.0)M three years ago, EPS was $1.81 in the last fiscal year compared to $1.46 three years ago, and ROE was 11.62% in the last year compared to (4.15%) three years ago. Forward 12M Revenue is also expected to grow by 4.74% over the next 12 months.

MORE FROM FORBESMaxar Technologies (MAXR)

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 C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value by our AI systems. The stock closed down 0.51% to $27.15 on volume of 1,475,384 vs its 10-day price average of $25.05 and its 22-day price average of $23.19, and is up 11.45% for the year. Revenue grew by 2.33% in the last fiscal year and grew by 44.07% 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 $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 10.53% over the next 12 months, and the stock is trading with a Forward 12M P/E of 80.44.

MORE FROM FORBESPing Identity Holding (PING)

Sailpoint Techno Hldg (SAIL)

Sailpoint Technologies is our next Top Short. The company provides enterprise identity governance solutions with on-premises and cloud-based identity management software. Our AI systems rated Sailpoint F in Technicals, D in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed up 2.71% to $50.02 on volume of 1,149,332 vs its 10-day price average of $47.55 and its 22-day price average of $45.38, and is up 109.38% for the year. Revenue grew by 21.63% in the last fiscal year and grew by 88.61% over the last three fiscal years, Operating Income grew by -317.5% in the last fiscal year and grew by 31.97% over the last three fiscal years, and EPS grew by -88.74% in the last fiscal year and grew by -97.95% 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 6.92% over the next 12 months. 

MORE FROM FORBESSailPoint Technologies Holdings (SAIL)

2U Inc (TWOU)

2U Inc TWOU is our final Top Short for today. 2U is an EdTech company that contracts with non-profit colleges and universities to offer online degree programs. Our AI systems rated 2U F in Technicals, C in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 9.13% to $36.83 on volume of 2,236,685 vs its 10-day price average of $33.25 and its 22-day price average of $33.16, and is up 56.52% for the year. Revenue grew by 25.71% in the last fiscal year and grew by 151.93% over the last three fiscal years, while EPS grew by -11.18% in the last fiscal year. Revenue was $574.67M in the last fiscal year compared to $286.75M three years ago, Operating Income was $(157.51)M in the last fiscal year compared to $(30.14)M three years ago, EPS was $(3.83) in the last fiscal year compared to $(0.6) three years ago, and ROE was (33.22%) in the last year compared to (10.09%) three years ago. Forward 12M Revenue is also expected to grow by 14.0% over the next 12 months.

MORE FROM FORBES2U (TWOU)

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