Market

Top Stocks To Short Today As The Major Indices Jump To Record Highs

Optimism continued taking over the markets, with more strong earnings from banks like Morgan Stanley
MS
and PNC. The Dow Jones
DOW
gained 200 points after blowing past the 34,000-level for the first time ever, the S&P 500 rose 0.3% to hit another fresh high, and the Nasdaq
NDAQ
traded roughly flat line. Historically, April has been a strong month for stocks. But, this April has been something special. You can thank strong jobs reports, jobless claims touching their lowest levels in a year, retail sales crushing expectations, and tamer than expected inflation data. 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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Bloom Energy Corp (BE)

Our first Top Short for the second time this week is Bloom Energy Corp
BE
. Bloom Energy manufactures and markets solid oxide fuel cells that produce electricity on-site. It’s a California-based company positioned at the forefront of clean energy production. Our AI systems rated Bloom Energy C in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 4.03% to $23.09 on volume of 3,991,768 vs its 10-day price average of $24.87 and its 22-day price average of $25.65, and is down 15.39% for the year. Revenue was $794.25M in the last fiscal year compared to $632.65M three years ago, Operating Income was $(80.78)M in the last fiscal year compared to $(165.01)M three years ago, and EPS was $(1.14) in the last fiscal year compared to $(5.14) three years ago. 

MORE FROM FORBESBloom Energy (BE)

Helmerich & Payne (HP)

Helmerich & Payne is today’s second Top Short. Helmerich & Payne, Inc.
HP
is a petroleum contract drilling company engaged in oil and gas well drilling. It’s also involved in related services for exploration and production. Our AI systems rated the company C in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.18% to $26.78 on volume of 911,823 vs its 10-day price average of $26.83 and its 22-day price average of $27.94, and is up 16.79% for the year. Revenue was $1773.93M in the last fiscal year compared to $2487.27M three years ago, Operating Income was $(120.78)M in the last fiscal year compared to $61.13M three years ago, EPS was $(4.6) in the last fiscal year compared to $4.37 three years ago, and ROE was (13.54%) in the last year compared to 11.54% three years ago. Forward 12M Revenue is also expected to grow by 4.21% over the next 12 months.

MORE FROM FORBESHelmerich & Payne (HP)

Cheesecake Factory Inc (CAKE)

Restaurant chain Cheesecake Factory
CAKE
 
is next on our list of Top Shorts. The company, best known for their cheesecakes, also offers a full service menu, and continues to be hit hard from reimposed COVID shutdowns across the country. Our AI systems rated Cheesecake Factory D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.88% to $57.69 on volume of 378,334 vs its 10-day price average of $58.6 and its 22-day price average of $58.8, and is up 62.92% for the year. Revenue was $1983.22M in the last fiscal year compared to $2332.33M three years ago, Operating Income was $(106.28)M in the last fiscal year compared to $136.81M three years ago, EPS was $(6.32) in the last fiscal year compared to $2.14 three years ago, and ROE was (46.98%) in the last year compared to 16.72% three years ago. The stock is also trading with a Forward 12M P/E of 40.3. 

MORE FROM FORBESThe Cheesecake Factory (CAKE)

Goodyear Tire & Rubber Co (GT)

Goodyear Tire & Rubber Co is our fourth Top Short today. The Ohio-based Goodyear is one of the largest tire manufacturers in the world, and provides tires for any vehicle you could think of ranging from automobiles, commercial trucks, light trucks, motorcycles, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery. Our AI systems rated Goodyear D in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed up 0.9% to $17.9 on volume of 2,069,956 vs its 10-day price average of $17.76 and its 22-day price average of $17.43, and is up 76.01% for the year. Revenue was $12321.0M in the last fiscal year compared to $15475.0M three years ago, Operating Income was $(233.0)M in the last fiscal year compared to $1049.0M three years ago, EPS was $(5.36) in the last fiscal year compared to $2.89 three years ago, and ROE was (32.03%) in the last year compared to 14.27% three years ago. The stock is also trading with a Forward 12M P/E of 21.76.

MORE FROM FORBESGoodyear (GT)

Roku Inc (ROKU)

Streaming media company Roku is our final Top Short today. Roku manufactures digital media players that now integrate with Smart TVs, and offer access to streaming media content from various online services. Our AI systems rated Roku D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 3.73% to $388.64 on volume of 2,986,289 vs its 10-day price average of $365.02 and its 22-day price average of $347.36, and is up 22.25% for the year. Revenue was $1778.39M in the last fiscal year compared to $742.51M three years ago, Operating Income was $(20.25)M in the last fiscal year compared to $(13.3)M three years ago, EPS was $(0.14) in the last fiscal year compared to $(0.08) three years ago, and ROE was (1.73%) in the last year compared to (4.46%) three years ago. 

MORE FROM FORBESRoku

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