Market

Top Stocks To Short Today Amid Amazon’s $8.1 Billion Profits Report

Amazon
AMZN
was the final Big Tech stock to report earnings and crush them; they did. The juggernaut reported a record first-quarter profit and saw profits more than triple to $8.1 billion, with January-to-March sales soaring 44% to $108 billion. However, it was not enough for the broader market. A mildly higher week was put in jeopardy, with the Dow falling 150 points, the S&P 500 dropping 0.6%, and the Nasdaq
NDAQ
slipping about 0.75%. Despite Amazon’s strong quarter, not all was well on the earnings front. Twitter, Chevron
CVX
, and Exxon Mobil
XOM
all sharply declined. Apple
AAPL
was under some pressure too after the European Union said the company’s App Store was breaching its competition rules. 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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American Airlines Group Inc (AAL)

American Airlines
AAL
 
is our first Top Short today. A recent favorite of “Reddit Investors,” American Airlines is the largest airline in the world in terms of number of passengers carried, fleet size, and scheduled passenger-kilometers. Until things get back to normal though, nobody really knows when travel demand will return to pre-pandemic levels. However, things are appearing more optimistic than expected with vaccines now universally available in the U.S. Our AI systems rated American Airlines D in Technicals, C in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.84% to $21.3 on volume of 34,430,870 vs its 10-day price average of $21.29 and its 22-day price average of $22.46, and is up 40.78% for the 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 17.12% over the next 12 months

MORE FROM FORBESAmerican Airlines Group (AAL)

Liveperson Inc (LPSN)

No stranger to this list, software company Liveperson Inc
LPSN
 
is our next Top Short for another day. 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 D in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.66% to $54.92 on volume of 347,160 vs its 10-day price average of $55.65 and its 22-day price average of $55.96, and is down 10.14% for the year. Revenue was $366.62M in the last fiscal year compared to $249.84M three years ago, Operating Income was $(54.63)M in the last fiscal year compared to $(15.14)M three years ago, EPS was $(1.63) in the last fiscal year compared to $(0.42) three years ago, and ROE was (54.83%) in the last year compared to (16.11%) three years ago.

MORE FROM FORBESLiveperson (LPSN)

Plug Power Inc (PLUG)

Our third Top Short today is Plug Power Inc
PLUG
. 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. Unfortunately, though, the stock has been hit very hard over the last few months. Our AI systems rated Plug Power C in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.04% to $28.27 on volume of 35,927,280 vs its 10-day price average of $27.43 and its 22-day price average of $29.9, and is down 12.12% for the year. Revenue was $-100.47M in the last fiscal year compared to $174.63M three years ago, Operating Income was $(550.26)M in the last fiscal year compared to $(69.48)M three years ago, EPS was $(1.58) in the last fiscal year compared to $(0.36) three years ago, and ROE was (68.42%) in the last year compared to (143.71%) three years ago. 

MORE FROM FORBESPlug Power (PLUG)

Motorcar Parts Of Amer Inc (MPAA)

Motorcar Parts of America is our fourth Top Short today. The company is a global leader in the remanufacturing and supply of best-in-class under hood and under car components. Our AI systems rated Motorcar Parts of America C in Technicals, C in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.05% to $21.73 on volume of 41,605 vs its 10-day price average of $21.8 and its 22-day price average of $22.05, and is up 11.44% for the year. Revenue grew by 22.42% over the last three fiscal years, Operating Income grew by 24.78% in the last fiscal year, and EPS grew by -266.6% in the last fiscal year. Revenue was $535.83M in the last fiscal year compared to $427.55M three years ago, Operating Income was $16.64M in the last fiscal year compared to $51.1M three years ago, EPS was $(0.39) in the last fiscal year compared to $0.99 three years ago, and ROE was (2.63%) in the last year compared to 7.19% three years ago. Forward 12M Revenue is expected to grow by 9.27% over the next 12 months, and the stock is trading with a Forward 12M P/E of 10.06. 

MORE FROM FORBESMotorcar Parts Of Amer (MPAA)

Macerich Co (MAC)

Macerich Co
MAC
is our final Top Short for the second day in a row. Macerich is a REIT that invests in shopping centers, and is the third-largest owner and operator of shopping centers in the United States. Our AI systems rated Macerich D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.07% to $14.11 on volume of 5,201,902 vs its 10-day price average of $13.17 and its 22-day price average of $12.61, and is up 32.36% for the year. Revenue was $758.98M in the last fiscal year compared to $1028.46M three years ago, Operating Income was $61.04M in the last fiscal year compared to $308.56M three years ago, EPS was $(1.58) in the last fiscal year compared to $0.42 three years ago, and ROE was (9.3%) in the last year compared to 1.93% three years ago.

MORE FROM FORBESMacerich (MAC)

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