Last week ended with a massive sell-off in media stocks, possibly thanks to the forced liquidation of positions held by multibillion-dollar family office Archegos Capital Management. As a result, we saw downward pressure on the indices to start on Monday. Although media stocks like Discovery and ViacomCBS saw quieter moves on Monday, the two companies were down 27% each in Friday’s sale. Bank stocks amid this pressure also underperformed the markets. While this shouldn’t be a problem in the long term and rather a headwind in the short term, the indices reacted accordingly and saw some declines. The Dow Jones fell 130 points, the S&P 500 fell 0.4% and the Nasdaq Composite fell slightly. Q.ai’s deep learning algorithms analyzed the data to give you a set of Top Shorts. Our Artificial Intelligence (“AI”) systems evaluated each company against technical parameters, growth, low volatility momentum, and quality value to find the best short parts.
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Arvinas Inc (ARVN)
Arvinas Inc is a Top Short for the second day in a row. Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients with debilitating and life-threatening diseases. Our AI systems rated the company F in technique, F in growth, D in low volatility momentum, and D in quality value. The stock closed 4.52% lower at $ 59.98 on volume of 280,455 from its 10-day average price of $ 67.06 and 22-day average price of $ 71.23, and is down 28.46% for the year. Revenue was $ 21.8M last fiscal year compared to $ 14.32M three years ago, operating profit was $ (124.86) million last fiscal year compared at $ (43.8) million three years ago, EPS was $ (3.02) last year. compared to $ (25.45) three years ago, and the ROE was (27.47%) in the past year compared to (60.57%) three years ago.
Carvana Co (CVNA)
Carvana is our second Top Short. The company is a major innovator and disruptor in the automotive industry, and is a robust online used car dealer. Our AI systems rated Carvana F in technique, F in growth, D in low volatility momentum, and F in quality value. The stock closed 1.03% higher at $ 259.0 on volume of 1,123,571 from its 10-day average price of $ 270.27 and 22-day average price of $ 273.73, and is up 9.62% for the year. Sales were $ 5,586.56 million last fiscal year compared to $ 1955.47 million three years ago, operating profit was $ (332.4) million last fiscal year compared at $ (220.73) million three years ago, EPS was $ (2.63) last year. compared to $ (2.03) three years ago, and the ROE was (93.05%) in the last year compared to (100.5%) three years ago.
Nanostring Technologies Inc (NSTG)
Plug Power Inc (PLUG)
Our next Top Short today is the ever popular Plug Power Inc
Redfin Corp (RDFN)
Our latest Top Short is Redfin Corp
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