Is the pain over for stocks now? Bitcoin appears to have stabilized (for now), and stocks are set for broad gains for a second consecutive day. After the indices ended up in the red the last two weeks, the final week in May is off to a roaring start. For a second straight day, both tech stocks and reopening stocks gained. The Dow Jones rose 70 points, the S&P 500 gained 0.3%, and the Nasdaq
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Amyris Inc (AMRS)
Amyris Inc is today’s first Top Short. Amyris Inc
Carvana Co (CVNA)
Carvana is our second Top Short. 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 2.99% to $253.8 on volume of 1,541,360 vs its 10-day price average of $235.11 and its 22-day price average of $259.05, and is up 7.42% for the year. Revenue grew by 20.53% in the last fiscal year and grew by 244.35% over the last three fiscal years, Operating Income grew by -23.77% in the last fiscal year, and EPS grew by -22.3% in the last fiscal year. 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 6.29% over the next 12 months.
Kirby Corp (KEX)
Livent Corp (LTHM)
Livent Corp is our next Top Short. Livent is a chemical manufacturing and lithium tech company focused on very in-demand lithium-based products such as electric vehicle batteries, handheld devices, and more. Our AI systems rated the company D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed 1.77% to $18.44 on volume of 1,375,154 vs its 10-day price average of $17.5 and its 22-day price average of $17.88, and is down 1.81% for the year. Revenue grew by 8.05% in the last fiscal year, and EPS grew by -5.85% in the last fiscal year. Revenue was $288.2M in the last fiscal year compared to $442.5M three years ago, Operating Income was $(10.8)M in the last fiscal year compared to $165.7M three years ago, EPS was $(0.13) in the last fiscal year compared to $0.99 three years ago, and ROE was (3.41%) in the last year compared to 28.94% three years ago. Forward 12M Revenue is expected to grow by 1.51% over the next 12 months, and the stock is trading with a Forward 12M P/E of 125.1.
Plug Power Inc (PLUG)
Our final Top Short for the second day in a row is Plug Power Inc
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