Market

Arvinas Inc Ranked Among Today’s Top Shorts As Chinese Property Giant Evergrande Teeters On The Edge Of Defaulting On $300B Worth Of Debt

Stocks on Tuesday attempted to claw back some losses from Monday’s bloodbath. On Monday, the Dow Jones tanked 614 points, or 1.8%, for its most significant one-day drop since July 19. The S&P 500 also slid 1.7% for its worst day since May 12, and the Nasdaq
NDAQ
dropped 2.2%. On Tuesday, though, the indices ticked up with the Dow Jones rising 142 points or 0.4%, the S&P 500 gaining 0.4%, and the Nasdaq bouncing 0.5%. We’re now firmly in the back half of September, historically the worst part of the worst month for stocks. Since 1945, according to CFRA, we’ve seen an average decline of 0.56% during September. The Stock Trader’s Almanac also claims that the S&P 500 averages a 0.4% decline in September, the worst of any month. This September, though, appears to have more negative catalysts than usual. The virus continues to evolve and threaten the economy. The Fed is also in the midst of another meeting that could dictate monetary policy and move the indices. Not to mention, inflation is still hot, and the U.S. has a debt ceiling crisis that could cause the country’s first default in history. Most importantly, Chinese property giant Evergrande could be the Lehman Brothers of 2021 as it teeters on the edge of defaulting on $300B worth of debt. The indices are not pleased, and despite Tuesday’s potential bounce, Monday could be a sign of more pain. 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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Arvinas Inc (ARVN)

Arvinas Inc is today’s first 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 4.34% to $92.29 on volume of 207,171 vs its 10-day price average of $94.22 and its 22-day price average of $89.33, and is up 10.08% 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 29.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 157.2. 

MORE FROM FORBESArvinas (ARVN)

Carvana Co (CVNA)

Back on our list of Top Shorts is Carvana Co. 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 down 1.09% to $326.5 on volume of 1,089,429 vs its 10-day price average of $330.14 and its 22-day price average of $336.4, and is up 38.19% 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)

Maxar Technologies Inc (MAXR)

Space technology company Maxar Technologies is our third Top Short today. 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 D in Technicals, C in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 5.57% to $28.5 on volume of 1,101,224 vs its 10-day price average of $30.29 and its 22-day price average of $30.4, and is down 21.49% for the year. Revenue grew by 2.61% in the last fiscal year, Operating Income grew by 47.06% in the last fiscal year and grew by -153.96% over the last three fiscal years, and EPS grew by -100.41% over the last three fiscal years. Revenue was $1723.0M in the last fiscal year compared to $1804.0M three years ago, Operating Income was $51.0M in the last fiscal year compared to $(139.0)M three years ago, EPS was $4.99 in the last fiscal year compared to $(21.52) three years ago, and ROE was (5.42%) in the last year compared to (69.84%) three years ago. Forward 12M Revenue is expected to grow by 3.57% over the next 12 months, and the stock is trading with a Forward 12M P/E of 27.48.

MORE FROM FORBESMaxar Technologies (MAXR)

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 2.83% to $25.72 on volume of 16,766,930 vs its 10-day price average of $25.21 and its 22-day price average of $25.58, and is down 20.05% 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)

Tupperware Brands Corp (TUP)

Tupperware Brands is once again on our list as the fifth and final Top Short. Tupperware is a global direct seller of innovative, premium products across multiple brands and categories. Its brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home, and more. 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 up 0.51% to $21.88 on volume of 678,660 vs its 10-day price average of $22.39 and its 22-day price average of $23.02, and is down 31.54% for the year. Revenue grew by 8.72% in the last fiscal year, Operating Income grew by 43.57% in the last fiscal year, and EPS grew by 18.05% in the last fiscal year. Revenue was $1740.1M in the last fiscal year compared to $2069.7M three years ago, Operating Income was $216.9M in the last fiscal year compared to $314.9M three years ago, and EPS was $2.14 in the last fiscal year compared to $3.11 three years ago. ​​Forward 12M Revenue is expected to grow by 3.97% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.56.

MORE FROM FORBESTupperware Brands (TUP)

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