Market

AI Ranks American Airlines Group Inc Among Today’s Top Shorts

The S&P was set to build on 3 consecutive record closes with another day in the green. Led by bank stocks, reopening stocks, and homebuilding stocks, the Dow Jones rose 170 points, the S&P 500 ticked up 0.1%, and the tech-heavy Nasdaq slipped 0.1%. This somewhat bucks the recent rebound in growth and tech stocks. With June in its final days, the S&P 500 is on track for its fifth straight positive month, and the Nasdaq could have its seventh positive month in eight. The Dow, however, is on pace to snap a four-month winning streak. 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.

American Airlines Group Inc (AAL)

American Airlines is our first Top Short today. American Airlines is the largest airline in the world in terms of number of passengers carried, fleet size, and scheduled passenger-kilometers. While the upside is evident for airline travel, due to pent-up demand, nobody truly knows when travel demand will return to pre-pandemic levels. But it’s looking like a strong travel summer thus far. Our AI systems rated American Airlines B in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 3.74% to $21.39 on volume of 48,437,840 vs its 10-day price average of $22.29 and its 22-day price average of $23.34, and is up 41.37% for the year. EPS grew by -19.81% in the last fiscal year. Revenue was $17337.0M in the last fiscal year compared to $44541.0M three years ago, Operating Income was $(11058.0)M in the last fiscal year compared to $3757.0M three years ago, and EPS was $(18.36) in the last fiscal year compared to $3.03 three years ago. Forward 12M Revenue is also expected to grow by 17.19% over the next 12 months.

MORE FROM FORBESAmerican Airlines Group (AAL)

Carvana Co (CVNA)

Carvana is on our list of Top Shorts once again. 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, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.77% to $305.47 on volume of 1,936,451 vs its 10-day price average of $297.18 and its 22-day price average of $284.1, and is up 29.29% 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)

Blink Charging Co (BLNK)

Blink Charging Co is our next Top Short today. 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 up 2.6% to $43.37 on volume of 2,309,670 vs its 10-day price average of $40.41 and its 22-day price average of $39.33, and is up 15.64% 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)

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 B in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 2.7% to $18.05 on volume of 2,359,794 vs its 10-day price average of $17.87 and its 22-day price average of $18.79, and is up 14.1% 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 24.93. 

MORE FROM FORBESFluor (FLR)

United Airlines Holdings Inc (UAL)

United Airlines Holdings Inc is our final Top Short and our other airline on today’s list. United Airlines is one of the largest airline holding companies in the U.S., and is the largest U.S. carrier to China. Our AI systems rated United B in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.58% to $52.49 on volume of 19,098,760 vs its 10-day price average of $54.67 and its 22-day price average of $56.35, and is up 26.09% for the year. EPS grew by -10.37% in the last fiscal year. Revenue was $15355.0M in the last fiscal year compared to $41303.0M three years ago, Operating Income was $(9084.0)M in the last fiscal year compared to $3670.0M three years ago, EPS was $(25.3) in the last fiscal year compared to $7.67 three years ago, and ROE was (80.83%) in the last year compared to 22.6% three years ago. Forward 12M Revenue is also expected to grow by 18.14% over the next 12 months. 

MORE FROM FORBESUnited Airlines Holdings (UAL)

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