Market

Top Stocks To Short Today As Markets Stay Steady

Stocks traded largely flat after this week began with a sharp recovery from the downturn of last week due to rising bond yields. Investors breathed a sigh of relief to kick off March thanks to stabilizing bond yields, and a brand new one dose vaccine from Johnson & Johnson
JNJ
that could prove to be game-changing. Earnings from Zoom and Target
TGT
also continued the trend of strong corporate earnings. The 10-year yield on Tuesday remained steady at around 1.45%, while the Dow traded 25 points higher, the S&P remained flat, and the Nasdaq
NDAQ
fell just 0.1%. 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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Allegiant Travel Co (ALGT)

Allegiant Travel, which does business as Allegiant Air, is our first Top Short today. Allegiant is an American discount cost airline that is the ninth-largest commercial airline in the United States. Our AI systems rated the company F in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed flat at $252.19 on volume of 151,808 vs its 10-day price average of $241.35 and its 22-day price average of $220.5, and is up 44.32% for the year. Revenue was $990.07 in the last fiscal year compared to $11667.45M three years ago, Operating Income was $(127.13)M in the last fiscal year compared to $245.82M three years ago, EPS was $(11.53)  in the last fiscal year compared to $10.0 three years ago, and ROE was (23.8%) in the last year compared to 26.02% three years ago. The stock is also trading with a Forward 12M P/E of 55.93.

MORE FROM FORBESAllegiant Travel (ALGT)

Cinemark Holdings Inc (CNK)

Cinemark Holdings is our list as the second Top Short of the day. The Texas based Cinemark owns and operates a chain of movie theatres. As the future of movie theatres is in question right now, our AI systems rated Cinemark C in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 6.46% to $23.9 on volume of 3,895,042 vs its 10-day price average of $22.49 and its 22-day price average of $21.22, and is up 47.9% for the year. Revenue was $686.31M in the last fiscal year compared to $3221.74 three years ago, Operating Income was $(590.82)M in the last fiscal year compared to $459.42M three years ago, EPS was $(5.25) in the last fiscal year compared to $1.83 three years ago, and ROE was (54.99%) in the last year compared to 15.3% three years ago. 

MORE FROM FORBESCinemark Holdings (CNK)

Par Technology Corp (PAR)

Par Technology Corp is our next Top Short. Par is a leading global provider of point of sale (POS) software and integrated technical solutions for the restaurant and retail sectors. Our AI systems rated the company F in Technicals, D in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.09% to $87.83 on volume of 209,964 vs its 10-day price average of $85.6 and its 22-day price average of $80.56, and is up 45.82% for the year. Revenue grew by 11.2% in the last fiscal year and was $187.23M in the last fiscal year compared to $232.6M three years ago. Operating Income was $(11.83)M in the last fiscal year compared to $(0.12)M three years ago, EPS was $(0.96) in the last fiscal year compared to $(0.22) three years ago, and ROE was (26.22%) in the last year compared to (5.21%) three years ago. Forward 12M Revenue is also expected to grow by 12.31% over the next 12 months. 

MORE FROM FORBESPar Technology (PAR)

Ventas Inc (VTR) 

Ventas Inc is our final Top Short today. Ventas is a real estate company that engages in the acquisition and ownership of seniors housing and healthcare properties. Our AI systems rated the company B in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.28% to $52.75 on volume of 1,728,356 vs its 10-day price average of $52.93 and its 22-day price average of $50.43, and is up 12.52% for the year. Revenue was $3800.29M in the last fiscal year compared to $3701.58M three years ago, Operating Income was $596.38M in the last fiscal year compared to $944.67M three years ago, EPS was $1.17 in the last fiscal year compared  to $1.14 three years ago, and ROE was 4.14% in the last year compared to 3.86% three years ago. The stock is also trading with a Forward 12M P/E of 185.45.

MORE FROM FORBESVentas (VTR)

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