Growth stocks, especially tech, continued to be spooked by rising bond yields. Although the Fed still plans on keeping its target interest rate low, rising bond yields could hurt high-growth companies that rely on low borrowing rates. It could also be an ominous sign for the return of inflation. While COVID cases continue to trend downwards, and the vaccines continue to chug along, this could now potentially be the biggest risk to equities. With the 10-year hitting its highest level in over a year, the road back to normalcy is both a blessing and a curse. The Dow Jones dropped 120 points, the S&P 500 fell 0.7%, led by tech and consumer discretionary, and the Nasdaq
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Greenbrier Cos Inc (The) (GBX)
Greenbrier Cos Inc is today’s first Top Short for the second day in a row. Greenbrier Cos is heavily involved in the railroad industry, and builds, leases, repairs, supplies, and manages railcars in North America, South America, Europe, and the Middle East. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and C in Quality Value. The stock closed up 2.75% to $45.58 on volume of 218,472 vs its 10-day price average of $44.13 and its 22-day price average of $40.32, and is up 29.64% for the year. Revenue was $2792.19M in the last fiscal year compared to $2519.46M three years ago, Operating Income was $148.43M in the last fiscal year compared to $208.62M three years ago, EPS was $1.46 in the last fiscal year compared to $4.68 three years ago, and ROE was 5.88% in the last year compared to 13.09% three years ago. Forward 12M Revenue is expected to grow by 9.66% over the next 12 months, and the stock is trading with a Forward 12M P/E of 67.46.
Louisiana-Pacific Corp (LPX)
Olin Corp (OLN)
Seaworld Entertainment Inc (SEAS)
Seaworld Entertainment Inc
Weyerhaeuser Co (WY)
Weyerhaeuser Co is today’s final Top Short. The company engages in the manufacture, distribution and sale of forest products. Our AI systems rated the company B in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed up 3.49% to $34.99 on volume of 4,216,614 vs its 10-day price average of $34.57 and its 22-day price average of $33.69, and is up 6.64% for the year. Revenue was $7532.0M in the last fiscal year compared to $7476.0M three years ago, Operating Income was $1578.0M in the last fiscal year compared to $1146.0M three years ago, EPS was $1.07 in the last fiscal year compared to $0.99 three years ago, and the ROE was 9.43% in the last year compared to 8.34% three years ago. The stock is also trading with a Forward 12M P/E of 20.08.
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