Market

American Airlines Group Inc Ranked Among Today’ Top Shorts Amid Rising COVID-19 Concerns

If you’re looking at red on your quotes screen, know you aren’t alone. After a Labor Day long weekend, traders hit the sell button today pushing markets lower. September is historically the worst month of the year for stocks, so it wouldn’t come as a surprise if there was a pullback this month after an extremely impressive run for markets. The Jobs report last week was a sign of some economic weakness, as nonfarm payrolls came in very soft at a gain of only 235,000 versus expectations of 720,000, a miss of almost 500,000. Analysts are extremely concerned about the Delta variant of Covid-19, with hospitalizations increasing across the country and cases hitting new peaks in recent weeks. It has been a long time since a major correction in the markets, and we might be on the precipice of once coming. Or, the market could continue to hit new highs. Time will tell. If you’re looking for a way to play this market, the deep learning algorithms at Tryq.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.  

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

American Airlines Group Inc (AAL)

American Airlines is our first Top Short for the third day in a row. American Airlines is the largest airline in the world in terms of the number of passengers carried, fleet size, and scheduled passenger-kilometers. While the upside is evident for airline travel, due to pent-up demand, nobody truly knows when travel demand will return to pre-pandemic levels – and business travel may never return to 2019 levels. Our AI systems rated American Airlines D in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.97% to $19.37 on volume of 20,364,980 vs its 10-day price average of $19.74 and its 22-day price average of $19.9, and is up 28.02% for the year. Revenue grew by 7.78% in the last fiscal year, Operating Income grew by -10.81% in the last fiscal year, and EPS grew by -46.38% in the last fiscal year. Revenue was $17337.0M in the last fiscal year compared to $44541.0M three years ago, Operating Income was $(11058.0)M in the last fiscal year compared to $3757.0M three years ago, and EPS was $(18.36) in the last fiscal year compared to $3.03 three years ago. Forward 12M Revenue is also expected to grow by 32.23% over the next 12 months.

MORE FROM FORBESAmerican Airlines Group (AAL)

Arvinas Inc (ARVN)

Arvinas Inc is today’s next Top Short. Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients suffering from debilitating and life-threatening diseases. Our AI systems rated the company D in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.81% to $85.89 on volume of 211,417 vs its 10-day price average of $85.52 and its 22-day price average of $87.81, and is up 2.45% for the year. Revenue grew by 45.9% over the last three fiscal years, while EPS grew by -85.58% over the last three fiscal years. Revenue was $21.8M in the last fiscal year compared to $14.32M three years ago, Operating Income was $(124.86)M in the last fiscal year compared to $(43.8)M three years ago, EPS was $(3.02) in the last fiscal year compared to $(25.45) three years ago, and ROE was (27.47%) in the last year compared to (60.57%) three years ago. Forward 12M Revenue is expected to grow by 16.59% over the next 12 months, and the stock is trading with a Forward 12M P/E of 92.65.

MORE FROM FORBESArvinas (ARVN)

Carvana Co (CVNA)

On our list of Top Shorts for the third straight day is Carvana. The company is a major innovator and disruptor in the car industry, and is a robust online used car dealer. Our AI systems rated Carvana C in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.7% to $328.66 on volume of 649,449 vs its 10-day price average of $339.96 and its 22-day price average of $347.85, and is up 39.1% for the year. Revenue grew by 60.23% in the last fiscal year and grew by 357.77% over the last three fiscal years, Operating Income grew by -75.21% in the last fiscal year and grew by -62.67% over the last three fiscal years, and EPS grew by -57.59% in the last fiscal year and grew by -45.04% over the last three fiscal years. Revenue was $5586.56M in the last fiscal year compared to $1955.47M three years ago, Operating Income was $(332.4)M in the last fiscal year compared to $(220.73)M three years ago, EPS was $(2.63) in the last fiscal year compared to $(2.03) three years ago, and ROE was (93.05%) in the last year compared to (100.5%) three years ago. Forward 12M Revenue is also expected to grow by 11.83% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Plug Power Inc (PLUG)

Our fourth Top Short is no stranger to this list-Plug Power Inc. Plug Power is a company at the forefront of automotive innovation with its development of hydrogen fuel cell systems. The goal of this company is to develop mechanisms to eventually replace conventional batteries in equipment and vehicles powered by electricity. Our AI systems rated Plug Power F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.76% to $26.4 on volume of 11,294,100 vs its 10-day price average of $26.27 and its 22-day price average of $26.12, and is down 17.94% for the year. Revenue grew by -94.06% in the last fiscal year, while EPS grew by -10.05% in the last fiscal year. Revenue was $-93.24M in the last fiscal year compared to $174.22M three years ago, Operating Income was $(576.61)M in the last fiscal year compared to $(76.44)M three years ago, EPS was $(1.68) in the last fiscal year compared to $(0.39) three years ago, and ROE was (74.61%) in the last year compared to (157.5%) three years ago. Forward 12M Revenue is also expected to grow by 19.11% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Sabre Corp (SABR)

Sabre Corp is our final Top Short today. Sabre holds the number-two share of global distribution system air bookings (40.9% as of the end of 2020 versus 38.8% in 2019). The travel solutions segment represented 88% of total 2020 revenue, which was split evenly between distribution and airline IT solutions revenue. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.6% to $10.86 on volume of 4,255,969 vs its 10-day price average of $10.96 and its 22-day price average of $10.88, and is down 3.12% for the year. Revenue grew by 0.38% in the last fiscal year, Operating Income grew by -7.25% in the last fiscal year, while EPS grew by -17.01% in the last fiscal year. Revenue was $1334.1M in the last fiscal year compared to $3866.96M three years ago, Operating Income was $(912.96)M in the last fiscal year compared to $570.34M three years ago, and EPS was $(4.42) in the last fiscal year compared to $1.22 three years ago. ROE was (194.51%) in the last year, which compares to 40.76% three years ago. Forward 12M Revenue is expected to grow by 33.33% over the next 12 months. 

MORE FROM FORBESSabre (SABR)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button