Top Stocks To Short Today As Markets Set For Weekly Loss

The market ticked up somewhat after Thursday’s violent sell-off due to concerns of tax hikes. The Biden administration has already discussed hiking the corporate tax rate to 28% to fund their $2 trillion infrastructure bill. But on Thursday, news broke that they are considering hiking the capital gains tax rate for all those earning over $1 million. Stocks tanked on Thursday after it was revealed that the Biden administration proposal would hike the capital gains rate to 39.6% from 20% and as high as 43.4% for the wealthiest investors. Meanwhile, though, SNAP jumped 9% after reporting strong growth and a blowout quarter. The Dow ticked up 70 points, the S&P 500 rose 0.5%, and the Nasdaq NDAQ climbed 0.8%. 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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Arvinas Inc (ARVN)

Arvinas Inc is today’s first Top Short. Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients suffering from debilitating and life-threatening diseases. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.82% to $66.26 on volume of 406,082 vs its 10-day price average of $63.19 and its 22-day price average of $63.3, and is down 20.97% for the year. Revenue was $21.8M in the last fiscal year compared to $14.32M three years ago, Operating Income was $(124.86)M in the last fiscal year compared to $(43.8)M three years ago, EPS was $(3.02) in the last fiscal year compared to $(25.45) three years ago, and ROE was (27.47%) in the last year compared to (60.57%) three years ago.

MORE FROM FORBESArvinas (ARVN)

Bloom Energy Corp (BE)

Our next Top Short is Bloom Energy Corp. Bloom Energy manufactures and markets solid oxide fuel cells that produce electricity on-site. It’s a California-based company positioned at the forefront of clean energy production. Our AI systems rated Bloom Energy C in Technicals, F in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.64% to $24.13 on volume of 4,490,494 vs its 10-day price average of $23.77 and its 22-day price average of $24.77, and is down 11.58% for the year. Revenue was $794.25M in the last fiscal year compared to $632.65M three years ago, Operating Income was $(80.78)M in the last fiscal year compared to $(165.01)M three years ago, and EPS was $(1.14) in the last fiscal year compared to $(5.14) three years ago.

MORE FROM FORBESBloom Energy (BE)

Liveperson Inc (LPSN)

Software company Liveperson Inc LPSN  is our next Top Short for the fourth day in a row. Liveperson develops conversational commerce and AI software, and is best known as the developer of the Conversational Cloud, a software platform that allows consumers to message directly with brands. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.31% to $54.45 on volume of 366,644 vs its 10-day price average of $56.58 and its 22-day price average of $55.03, and is down 10.91% for the year. Revenue was $366.62M in the last fiscal year compared to $249.84M three years ago, Operating Income was $(54.63)M in the last fiscal year compared to $(15.14)M three years ago, EPS was $(1.63) in the last fiscal year compared to $(0.42) three years ago, and ROE was (54.83%) in the last year compared to (16.11%) three years ago. 

MORE FROM FORBESLiveperson (LPSN)

Motorcar Parts Of Amer Inc (MPAA)

Motorcar Parts of America is our fourth Top Short today. The company is a global leader in the remanufacturing and supply of best-in-class under hood and under car components. Our AI systems rated Motorcar Parts of America C in Technicals, C in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.74% to $21.57 on volume of 37,432 vs its 10-day price average of $21.85 and its 22-day price average of $22.13, and is up 10.62% for the year. Revenue grew by 22.42% over the last three fiscal years, Operating Income grew by 24.78% in the last fiscal year, and EPS grew by -266.6% in the last fiscal year. Revenue was $535.83M in the last fiscal year compared to $427.55M three years ago, Operating Income was $16.64M in the last fiscal year compared to $51.1M three years ago, EPS was $(0.39) in the last fiscal year compared to $0.99 three years ago, and ROE was (2.63%) in the last year compared to 7.19% three years ago. Forward 12M Revenue is expected to grow by 9.27% over the next 12 months, and the stock is trading with a Forward 12M P/E of 9.99. 

MORE FROM FORBESMotorcar Parts Of Amer (MPAA)

Playa Hotels & Resorts N.V (PLYA)

Playa Hotels & Resorts is our fourth Top Short today. The company is a travel and hospitality company, and boasts all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen and Cap Cana. Our AI systems rated Playa Hotels & Resorts B in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.27% to $7.46 on volume of 1,866,105 vs its 10-day price average of $7.33 and its 22-day price average of $7.32, and is up 36.88% for the year. Revenue was $271.0M in the last fiscal year compared to $616.04M three years ago, Operating Income was $(135.39)M in the last fiscal year compared to $90.27M three years ago, EPS was $(1.98) in the last fiscal year compared to $0.16 three years ago, and ROE was (38.09%) in the last year compared to 2.64% three years ago.

MORE FROM FORBESPlaya Hotels & Resorts N.V (PLYA)

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