Top Stocks To Short Today As Tech Shares Rise

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The tug of war between bond yields and tech shares continued once again. After last week saw some losses thanks to ballooning bond yields, bond yields started the week off with some losses, and tech stocks responded accordingly. As the 10-year yield fell 5 basis points to 1.68%, stocks such as Tesla
TSLA
popped over 5%. While the Dow Jones declined 65 points and the S&P 500 rose 0.2%, while the Nasdaq
NDAQ
led the way and rose 0.6%. 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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Laureate Education Inc (LAUR)

Laureate Education Inc is our first Top Short of the day. Laureate Education is a Baltimore-based education company, and owns and operates universities with campuses in Mexico and Peru. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.42% to $14.16 on volume of 1,755,199 vs its 10-day price average of $14.16 and its 22-day price average of $14.08, and is down 1.05% for the year. Revenue was $1024.92M in the last fiscal year compared to $1144.57M three years ago, Operating Income was $112.32M in the last fiscal year compared to $48.42M three years ago, EPS was $(2.93) in the last fiscal year compared to $1.74 three years ago, and ROE was (12.62%) in the last year compared to (9.41%) three years ago.

MORE FROM FORBESLaureate Education (LAUR)

Simple moving average of Laureate Education Inc (LAUR)

stock charts

Spirit Airlines Inc (SAVE)

Spirit Airlines
SAVE
is the second Top Short today. Spirit is a low cost airline that saw a sharp recovery in November due to vaccine-related news. However, until life truly goes back to normal, airlines and related industries will surely face downside pressure and not reach pre-pandemic levels. Our AI systems rated the airline F in Technicals, C in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.82% to $39.73 on volume of 4,298,342 vs its 10-day price average of $38.12 and its 22-day price average of $36.89, and is up 72.29% for the year. Revenue was $1810.02M in the last fiscal year compared to $3323.03M three years ago, Operating Income was $(808.26)M in the last fiscal year compared to $449.42M three years ago, EPS was $(5.06) in the last fiscal year compared to $2.28 three years ago, and ROE was (19.01%) in the last year compared to 8.44% three years ago.

Inari Medical Inc (NARI)

Inari Medical Inc is our next Top Short. Inari Medical is a medical innovator, with a suite of products aiming to extract large clots from large vessels without the need for thrombolytics or an ICU stay. Our AI systems rated the company C in Technicals, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.64% to $108.28 on volume of 1,770,334 vs its 10-day price average of $110.09 and its 22-day price average of $108.47, and is up 27.58% for the year. Revenue was $139.67M in the last fiscal year compared to $6.83M three years ago, Operating Income was $19.76M in the last fiscal year compared to $(9.11)M three years ago, EPS was $0.27 in the last fiscal year compared to $(2.01) three years ago, and ROE was 12.74% in the last year.

Simple moving average of Inari Medical Inc (NARI)

stock charts

Zovio Inc (ZVO)

Zovio Inc is today’s final Top Short. Zovio Inc is an education technology services company, and provides data management and software to curriculum and financial aid, including enrollment, retention, academic, and tuition for higher educational institutions, upskilling courses, degree programs, and certifications for employers. Our AI systems rated the company C in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed up 5.39% to $5.87 on volume of 340,121 vs its 10-day price average of $5.5 and its 22-day price average of $5.45, and is up 27.33% for the year. Revenue was $397.12M in the last fiscal year compared to $443.37M three years ago, Operating Income was $(2.26)M in the last fiscal year compared to $3.94M three years ago, EPS was $(1.53) in the last fiscal year compared to $0.17 three years ago, and ROE was (61.9%) in the last year compared to 3.7% three years ago. The stock is also trading with a Forward 12M P/E of 19.57.