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Carvana Co Ranked Among Today’s Top Shorts As Major Indices Rise To New Levels Following Last Week’s Jackson Hole Symposium

After last week’s rally, the S&P 500 is now up 2.6% in August, while the Dow and Nasdaq

NDAQ
have risen 1.5% and 3.1% this month, respectively. All eyes were on the Fed’s Jackson Hole symposium last week, and investors largely cheered Chairman Jay Powell’s closing statements. A tapering announcement could still come as soon as the Fed’s Sept. 21-22 meeting. However, the S&P and Nasdaq rose to new records on Friday after Chairman Powell indicated that he was in no rush to hike interest rates. To open up this week, the Dow fluctuated between gains and losses, the S&P 500 gained 0.2% to set a new intraday record high, and the Nasdaq rose 0.4%. 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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Carvana Co (CVNA)

Our first Top Short is Carvana. 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, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 4.04% to $337.52 on volume of 1,638,278 vs its 10-day price average of $351.88 and its 22-day price average of $349.17, and is up 42.85% 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 12.28% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Livent Corp (LTHM)

Our next Top Short today is Livent Corp. Livent is a chemical manufacturing and lithium tech company focused on very in-demand lithium-based products such as electric vehicle batteries, handheld devices, and more. Our AI systems rated the company B in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 4.45% to $24.86 on volume of 2,286,041 vs its 10-day price average of $24.15 and its 22-day price average of $23.01, and is up 32.37% for the year. Revenue grew by 20.99% in the last fiscal year, Operating Income grew by -77.78% in the last fiscal year, and EPS grew by -39.04% in the last fiscal year. Revenue was $288.2M in the last fiscal year compared to $442.5M three years ago, Operating Income was $(10.8)M in the last fiscal year compared to $165.7M three years ago, EPS was $(0.13) in the last fiscal year compared to $0.99 three years ago, and ROE was (3.41%) in the last year compared to 28.94% three years ago. Forward 12M Revenue is expected to grow by 9.21% over the next 12 months, and the stock is trading with a Forward 12M P/E of 102.98.

MORE FROM FORBESLivent (LTHM)

Las Vegas Sands Corp (LVS)

Las Vegas Sands Corp is our third Top Short today. Best known for its numerous properties in Macau and The Venetian and The Palazzo in Las Vegas, Las Vegas Sands Corp is the largest casino company in the world. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.07% to $43.91 on volume of 7,361,345 vs its 10-day price average of $40.33 and its 22-day price average of $40.64, and is down 24.23% for the year. Revenue grew by 24.64% in the last fiscal year, Operating Income grew by -32.52% in the last fiscal year, and EPS grew by -20.52% in the last fiscal year. Revenue was $3612.0M in the last fiscal year compared to $13729.0M three years ago, Operating Income was $(1608.0)M in the last fiscal year compared to $3901.0M three years ago, EPS was $(2.21) in the last fiscal year compared to $3.07 three years ago, and ROE was (42.67%) in the last year compared to 41.07% three years ago. Forward 12M Revenue is expected to grow by 40.89% over the next 12 months, and the stock is trading with a Forward 12M P/E of 57.26.

MORE FROM FORBESLas Vegas Sands (LVS)

Plug Power Inc (PLUG)

Our fourth Top Short is 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 D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.7% to $26.6 on volume of 11,505,180 vs its 10-day price average of $25.41 and its 22-day price average of $26.16, and is down 17.31% 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 19.2% over the next 12 months.

MORE FROM FORBESPlug Power (PLUG)

Redfin Corp (RDFN)

Our final Top Short for the day is Redfin Corp. Redfin is a Seattle-based real estate brokerage, and operates with a unique business model. With Redfin’s business model, sellers pay Redfin a small fee to list the seller’s home, in addition to another small fee charged to the seller to compensate the brokerage representing the buyer. Customers who buy with Redfin are only charged 1% to list their home, and also receive a portion of the brokerage’s commission back (called the Redfin Refund). Our AI systems rated Redfin D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.11% to $50.29 on volume of 858,929 vs its 10-day price average of $48.65 and its 22-day price average of $53.26, and is down 25.21% for the year. Revenue grew by 37.8% in the last fiscal year and grew by 150.77% over the last three fiscal years, Operating Income grew by -109.87% over the last three fiscal years, and EPS grew by -4.37% in the last fiscal year and grew by -54.5% over the last three fiscal years. Revenue was $886.09M in the last fiscal year compared to $486.92M three years ago, Operating Income was $7.31M in the last fiscal year compared to $(43.93)M three years ago, EPS was $(0.23) in the last fiscal year, compared to $(0.49) three years ago, and ROE was (3.85%) in the last year compared to (13.82%) three years ago. Forward 12M Revenue is also expected to grow by 17.12% over the next 12 months.

MORE FROM FORBESRedfin (RDFN)

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