Market

AI Identifies Livent Corp Among Today’s Top Shorts

As the S&P continues to set record after record, the primary catalyst for the first Friday in July’s gains was a blowout June jobs report. According to the Bureau of Labor Statistics, the U.S. added 850,000 jobs in June. This crushed the estimated figure of 706,000 and dwarfed May’s 559,000 total in the process. The Dow Jones rose 60 points, the S&P 500 ticked up 0.2%, and the Nasdaq climbed 0.4% to hit its own intraday record. We’re officially in the second half of 2021, and stocks have continued their surges. Vaccines and looser Covid restrictions have helped the S&P 500 rise by more than 14%. At the same time, both the Dow and Nasdaq have also risen double-digit percentage points each. 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.  

Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open.

Blink Charging Co (BLNK)

Blink Charging Co is our first Top Short once again. Blink Charging Co provides fast, level 2 EV Charging Stations and Networks for both homes and businesses. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.38% to $39.78 on volume of 2,114,655 vs its 10-day price average of $40.62 and its 22-day price average of $40.17, and is up 6.07% for the year. Revenue grew by 14.98% in the last fiscal year and grew by 166.67% over the last three fiscal years, while EPS grew by -49.11% over the last three fiscal years. Revenue was $6.23M in the last fiscal year compared to $2.69M three years ago, Operating Income was $(17.39)M in the last fiscal year compared to $(11.61)M three years ago, EPS was $(0.59) in the last fiscal year compared to $(1.3) three years ago, and ROE was (103.16%) in the last year. Forward 12M Revenue is also expected to grow by 25.93% over the next 12 months. 

MORE FROM FORBESBlink Charging (BLNK)

Carvana Co (CVNA)

Carvana is second on our list of Top Shorts for our third list in a row. 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 up 2.05% to $308.01 on volume of 712,125 vs its 10-day price average of $303.96 and its 22-day price average of $288.93, and is up 30.36% for the year. Revenue grew by 20.53% in the last fiscal year and grew by 244.35% over the last three fiscal years, Operating Income grew by -23.77% in the last fiscal year, and EPS grew by -22.3% in the last fiscal year. 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 6.75% over the next 12 months. 

MORE FROM FORBESCarvana (CVNA)

Livent Corp (LTHM)

Our next Top Short 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 F in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up .96% to $19.74 on volume of 2,072,854 vs its 10-day price average of $18.48 and its 22-day price average of $18.98, and is up 5.11% for the year. Revenue grew by 8.05% in the last fiscal year, and EPS grew by -5.85% 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 2.87% over the next 12 months, and the stock is trading with a Forward 12M P/E of 119.71.

MORE FROM FORBESLivent (LTHM)

Fluor Corp (FLR)

Fluor Corp is the fourth Top Short today. Fluor Corp is an engineering and construction firm. It is a holding company that provides services through subsidiaries in oil and gas, industrial and infrastructure, government and power. Our AI systems rated Fluor Corp D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.4% to $17.63 on volume of 1,544,682 vs its 10-day price average of $17.76 and its 22-day price average of $18.61, and is up 11.44% for the year. EPS grew by -41.2% in the last fiscal year. Revenue was $15668.48M in the last fiscal year compared to $18851.01M three years ago, Operating Income was $144.96M in the last fiscal year compared to $426.32M three years ago, EPS was $(3.1) in the last fiscal year compared to $1.22 three years ago, and ROE was (15.85%) in the last year compared to 6.56% three years ago. Forward 12M Revenue is expected to grow by 2.29% over the next 12 months, and the stock is trading with a Forward 12M P/E of 24.35.

MORE FROM FORBESFluor (FLR)

Pbf Energy Inc (PBF)

PBF Energy, Inc. is our final Top Short today. The company engages in the operation of a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. Our AI systems rated Pbf Energy C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.98% to $15.15 on volume of 1,782,873 vs its 10-day price average of $15.68 and its 22-day price average of $16.56, and is up 121.49% for the year. EPS grew by -72.71% in the last fiscal year. Revenue was $15115.9M in the last fiscal year compared to $27186.1M three years ago, Operating Income was $(1484.5)M in the last fiscal year compared to $722.6M three years ago, EPS was $(11.64) in the last fiscal year compared to $1.1 three years ago, and ROE was (46.07%) in the last year compared to 5.7% three years ago. Forward 12M Revenue is also expected to grow by 6.67% over the next 12 months. 

MORE FROM FORBESPBF Energy (PBF)

Liked what you read? Sign up for our free Forbes AI Investor Newsletter here to get AI driven investing ideas weekly. For a limited time, subscribers can join an exclusive slack group to get these ideas before markets open.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button