Market

Top Stocks To Short Today As Major Indices Trade In The Red

Although the Dow has had its best month since November, the Nasdaq
NDAQ
has seen its worst month since October, and the S&P is set to continue its 3-day losing streak. We have some real potential for yet another sell-off this morning as all of the indices traded firmly in the red amidst more fears thanks to comments yet again from Fed Chair Jay Powell. It seems like whenever Powell opens his mouth, the market reacts extremely, one way or another. Fresh lockdown fears also weighed on the averages, with oil declining by about 3%. The Dow Jones
DOW
dipped 160 points, the S&P 500 fell 0.3%, and the Nasdaq declined 0.2%. 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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Fortress Trans Infrastr Invs (FTAI)

Fortress Transportation & Infrastructure Investors is our first Top Short for today. The company owns and acquires high quality infrastructure and equipment essential for the transportation of goods and people across the globe. Our AI systems rated the company D in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 3.48% to $27.94 on volume of 526,708 vs its 10-day price average of $29.4 and its 22-day price average of $28.96, and is up 24.12% for the year. Revenue was $366.5M in the last fiscal year compared to 342.11M three years ago, Operating Income was $47.91M in the last fiscal year compared to $38.78M three years ago, EPS was $(1.22) in the last fiscal year compared to $0.07 three years ago, and ROE was (8.61%) in the last year compared to (1.92%) three years ago. The stock is also trading with a Forward 12M P/E of 32.95.

MORE FROM FORBESFortress Trans Infrastr Invs (FTAI)

Liberty Media Formula One (FWONK)

Liberty Media Formula One
FWONK
 
is the next Top Short today. The company, which also has interests with Sirius XM Radio and the MLB’s Atlanta Braves, owns iconic global motorsports franchise Formula One. Our AI systems rated the media conglomerate B in Technicals, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 4.42% to $43.27 on volume of 1,028,394 vs its 10-day price average of $46.41 and its 22-day price average of $45.74, and is up 5.87% for the year. Revenue was $1145.0M in the last fiscal year compared to $1827.0M three years ago, Operating Income was $(444.0)M in the last fiscal year compared to $(110.0)M three years ago, EPS was $(2.57) in the last fiscal year compared to $(0.65) three years ago, and ROE was (10.07%) in the last year compared to (2.67%) three years ago.

MORE FROM FORBESLiberty Media Formula One (FWON.K:)

Progyny Inc (PGNY)

Our third Top Short of the day is Progyny Inc. Progyny Inc is a leading U.S. fertility benefits management company. Our AI systems rated the company F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.83% to $47.25 on volume of 694,878 vs its 10-day price average of $47.86 and its 22-day price average of $46.15, and is up 10.04% for the year. Revenue was $344.86M in the last fiscal year compared to $105.4M three years ago, Operating Income was $17.67M in the last fiscal year compared to $(3.45)M three years ago, EPS was $0.47 in the last fiscal year compared to $0.04 three years ago, and ROE was 33.04% in the last year compared to (46.91%) three years ago. The stock is also trading with a Forward 12M P/E of 109.04.

MORE FROM FORBESProgyny (PGNY)

Laureate Education Inc (LAUR)

Laureate Education Inc is our next Top Short. Laureate Education is a Baltimore-based education company, and owns and operates universities with campuses in Mexico and Peru. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.73% to $13.63 on volume of 818,247 vs its 10-day price average of $14.15 and its 22-day price average of $13.99, and is down 4.75% for the year. Revenue was $1024.92M in the last fiscal year compared to $1144.57M three years ago, Operating Income was $112.32M in the last fiscal year compared to $48.42M three years ago, EPS was $(2.93) in the last fiscal year compared to $1.74 three years ago, and ROE was (12.62%) in the last year compared to (9.41%) three years ago.

MORE FROM FORBESLaureate Education (LAUR)

Zovio Inc (ZVO)

Zovio Inc is today’s final Top Short. Zovio Inc is an education technology services company, and provides data management and software to curriculum and financial aid, including enrollment, retention, academic, and tuition for higher educational institutions, upskilling courses, degree programs, and certifications for employers. Our AI systems rated the company C in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 5.68% to $4.48 on volume of 221,941 vs its 10-day price average of $5.4 and its 22-day price average of $5.3, and is down 2.82% for the year. Revenue was $397.12M in the last fiscal year compared to $443.37M three years ago, Operating Income was $(2.26)M in the last fiscal year compared to $3.94M three years ago, EPS was $(1.53) in the last fiscal year compared to $0.17 three years ago, and ROE was (61.9%) in the last year compared to 3.7% three years ago. The stock is also trading with a Forward 12M P/E of 14.93.

MORE FROM FORBESZovio (ZVO)

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