Investing

Ceva Among Top Shorts As Indices Pop Amid Low Jobless Claims

The bulls won out on Thursday, and stocks sharply recovered from yesterday’s gruesome sell-off. Despite more inflation signs to add to yesterday’s CPI, with producer prices in April jumping more than 6% from a year ago, investors shook it off. The Dow Jones rose 220 points, the S&P 500 jumped 0.8%, and the Nasdaq
NDAQ
popped 1.2%. Yes, the indices are still way down this week. The Dow is down 3.4%, the S&P 500 is down 4%, and the Nasdaq is down 5%. But, jobless claims once again impressed and outweighed inflation fears for a day at least. Jobless claims fell to a fresh pandemic low of 473,000 following last week’s 498,000. If you’re looking for a way to play this market, 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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Ceva Inc (CEVA)

Ceva Inc is today’s first Top Buy. Ceva is a leading provider of ultra-low-power IP for vision, deep learning, audio, communication and connectivity. Our AI systems rated the company D in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 7.13% to $42.47 on volume of 244,897 vs its 10-day price average of $50.31 and its 22-day price average of $54.07, and is down 5.03% for the year. Revenue grew by 1.78% in the last fiscal year and grew by 31.12% over the last three fiscal years, while Operating Income grew by -43.64% in the last fiscal year and grew by -65.46% over the last three fiscal years. Revenue was $100.33M in the last fiscal year compared to $77.88M three years ago, Operating Income was $(0.76)M in the last fiscal year compared to $(1.25)M three years ago, EPS was $(0.11) in the last fiscal year compared to $0.03 three years ago, and ROE was (0.93%) in the last year compared to 0.23% three years ago. Forward 12M Revenue is expected to grow by 2.54% over the next 12 months, and the stock is trading with a Forward 12M P/E of 59.23.

MORE FROM FORBESCeva (CEVA)

American Airlines Group Inc (AAL)

American Airlines
AAL
 
is our second Top Short today. American Airlines is the largest airline in the world in terms of 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. Our AI systems rated American Airlines F in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 3.76% to $20.76 on volume of 34,605,340 vs its 10-day price average of $21.58 and its 22-day price average of $21.57, and is up 37.21% for the year. EPS grew by -19.81% 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 17.85% over the next 12 months. 

MORE FROM FORBESAmerican Airlines Group (AAL)

Blink Charging Co (BLNK) 

Blink Charging Co is our next Top Short for the second consecutive day. Blink Charging Co provides fast, level 2 EV Charging Stations and Networks for both homes and businesses. Our AI systems rated the company D in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 7.5% to $28.75 on volume of 1,533,609 vs its 10-day price average of $33.52 and its 22-day price average of $35.22, and is down 23.34% for the year. Revenue was $6.23M in the last fiscal year compared to $2.69M three years ago, Operating Income was $(17.39)M in the last fiscal year compared to $(11.61)M three years ago, EPS was $(0.59) in the last fiscal year compared to $(1.3) three years ago, and ROE was (103.16%) in the last year. 

MORE FROM FORBESBlink Charging (BLNK)

Kirby Corp (KEX)

Kirby Corporation
KEX
is our next Top Short. The Houston-based company is the largest tank barge operator in the United States, and transports bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Our AI systems rated the company F in Technicals, F in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.6% to $65.95 on volume of 415,076 vs its 10-day price average of $65.91 and its 22-day price average of $63.79, and is up 28.01% for the year. EPS grew by -126.08% in the last fiscal year. Revenue was $2171.41M in the last fiscal year compared to $2970.7M three years ago, Operating Income was $148.31M in the last fiscal year compared to $251.7M three years ago, EPS was $(4.55) in the last fiscal year compared to $1.31 three years ago, and ROE was (8.41%) in the last year compared to 2.5% three years ago. Forward 12M Revenue is expected to grow by 3.77% over the next 12 months, and the stock is trading with a Forward 12M P/E of 45.39.

MORE FROM FORBESKirby (KEX)

Reata Pharmaceuticals Inc (RETA) 

Our final Top Short for the second day in a row is Reata Pharmaceuticals Inc
RETA
. Reata Pharmaceuticals is a pharmaceutical company primarily focused on investigating experimental oral antioxidative and anti-inflammatory drugs. Our AI systems rated the company D in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.73% to $81.62 on volume of 245,616 vs its 10-day price average of $91.33 and its 22-day price average of $92.31, and is down 32.71% for the year. Operating Income grew by -5.5% in the last fiscal year. Revenue was $9.02M in the last fiscal year compared to $53.59M three years ago, Operating Income was $(226.32)M in the last fiscal year compared to $(76.88)M three years ago, EPS was $(7.35) in the last fiscal year, compared to $(2.91) three years ago, and ROE was (73.49%) in the last year.

MORE FROM FORBESReata Pharmaceuticals (RETA)

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