Top Stocks To Short Today As Markets Gain Amid Positive Jobless Data

Despite President Trump’s late night comments calling the $900 billion stimulus package an unsuitable “disgrace,” and asking to be sent a “suitable bill or else the next administration will have to deliver a COVID relief package,” markets edged higher. Investors seemed to be focused on improving jobless claims, and an easing of fears from the mutant coronavirus strain based in the UK. US jobless claims totaled 803,000 during the week ending December 19 and was better than the estimate of 880,000. Fears of the allegedly more contagious mutant virus strain out of the UK were eased as well as experts claimed the vaccines in production would be effective against the new strain. The Dow Jones rose 200 points, while the S&P gained 0.5% and looked to end a 3-day losing streak. The Nasdaq
NDAQ
also rose 0.1%. 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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Inphi Corp (IPHI)

Inphi Corp is our first Top Short today. Inphi produces 10G-800G high-speed analog and mixed-signal semiconductor components for networking, manufacturers, and cloud and telecom service providers. Our AI systems rated the company F in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 0.09% to $158.47 on volume of 560,089 vs its 10-day price average of $154.55 and its 22-day price average of $152.69, and is up 107.83% for the year. Revenue grew by 63.64% in the last fiscal year and grew by 71.83% over the last three fiscal years, Operating Income grew by -63.7% in the last fiscal year and grew by -22.59% over the last three fiscal years, and EPS grew by -21.29% in the last fiscal year and grew by -28.72% over the last three fiscal years. Revenue was $365.64M in the last fiscal year compared to $348.2M three years ago, Operating Income was $(49.45)M in the last fiscal year compared to $(23.18)M three years ago, EPS was $(1.61) in the last fiscal year compared to $(1.78) three years ago, and ROE was (20.44%) in the last year compared to (17.14%) three years ago. Forward 12M Revenue is expected to grow by 13.17% over the next 12 months, and the stock is trading with a Forward 12M P/E of 44.05. 

MORE FROM FORBESInphi (IPHI)

Liveperson Inc (LPSN)

Software company Liveperson Inc
LPSN
is our next Top Short today for the second day in a row for the second day in a row. Liveperson develops conversational commerce and AI software, and is best known as the developer of the Conversational Cloud, a software platform that allows consumers to message directly with brands. Our AI systems rated the company F in Technicals, C in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 4.51% to $67.85 on volume of 1,083,325 vs its 10-day price average of $59.9 and its 22-day price average of $57.61, and is up 81.61% for the year. Revenue grew by 17.82% in the last fiscal year and grew by 56.97% over the last three fiscal years, and 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 16.22% over the next 12 months.

MORE FROM FORBESLiveperson (LPSN)

Maxar Technologies Inc (MAXR)

Space technology company Maxar Technologies
MAXR
is our third Top Short today and is on our list for the second day in a row. 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 1.56% to $33.55 on volume of 643,847 vs its 10-day price average of $34.38 and its 22-day price average of $31.29, and is up 103.7% 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)

Redfin Corp (RDFN)

Our fourth Top Short today is Redfin Corp
RDFN
. Redfin is a Seattle-based real estate brokerage, and operates with a unique business model. With Redfin’s business model, sellers pay Redfin a small fee to list the seller’s home, in addition to another small fee charged to the seller to compensate the brokerage representing the buyer. Customers who buy with Redfin are only charged 1% to list their home, and also receive a portion of the brokerages commission back (called the Redfin Refund). Our AI systems rated Redfin D in Technical, D in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed up 4.56% to $82.11 on volume of 2,888,917 vs its 10-day price average of $69.29 and its 22-day price average of $58.22, and is up 279.69% for the year. Revenue grew by 12.18% in the last fiscal year and grew by 136.4% over the last three fiscal years, while Operating Income grew by -68.25% in the last fiscal year, and EPS grew by -49.13% in the last fiscal year and grew by -89.96% over the last three fiscal years. Revenue was $779.8M in the last fiscal year compared to $370.04M three years ago, Operating Income was $(79.25)M in the last fiscal year compared to $(15.97)M three years ago, EPS was $(0.88) in the last fiscal year, compared to $(4.47) three years ago, and ROE was (22.98%) in the last year compared to (9.17%) three years ago. Forward 12M Revenue is also expected to grow by 25.6% over the next 12 months.

MORE FROM FORBESRedfin (RDFN)

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 4.32% to $41.78 on volume of 1,361,309 vs its 10-day price average of $36.81 and its 22-day price average of $34.68, and is up 77.56% 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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