Top Stocks To Short Today As Markets Rise On Biden Stimulus Anticipation

Although inflation fears, political unrest, and alarming virus trends have kept stocks largely in check this week, stocks popped Thursday on good vaccine news and the anticipated unveiling of a larger Biden-led economic stimulus package. Boeing

BA
and Intel

INTC
led the Dow higher by 150 points, or 0.5%, while the S&P 500 rose 0.2%, and the Nasdaq

NDAQ
gained 0.4%. President-elect Joe Biden is expected Thursday evening to reveal a stimulus plan that could be as large as $2 trillion and include larger direct payments to Americans, an extension of increased unemployment insurance, and support for state and local governments. Johnson & Johnson

JNJ
also revealed impressive data about its one-dose vaccine candidate. It also does not need to be stored at ultra-cold temperatures. A one-dose vaccine without rigid storing requirements could be game-changing in getting out of this pandemic. With all of this news, 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.

Bloomin’ Brands Inc (BLMN)

Bloomin’ Brands

BLMN
is the first Top Short of the day for the second consecutive day. The restaurant holding company, most known for brands such as Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s Steakhouse, has significant headwinds with new COVID surges and imminent shutdowns on the horizon. Stocks such as this could be set to benefit the most from mass vaccine rollouts and further economic stimulus. Our AI systems rated Bloomin’ C in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.34% to $20.68 on volume of 1,585,425 vs its 10-day price average of $19.93 and its 22-day price average of $19.23, and is up 12.76% for the year. Revenue was $4139.39M in the last fiscal year compared to $4223.14M three years ago, Operating Income was $202.49M in the last fiscal year compared to $190.83M three years ago, EPS was $1.45 in the last fiscal year compared to $1.02 three years ago, and ROE was 115.47% in the last year compared to 74.77% three years ago. Forward 12M Revenue is expected to grow by 12.65% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.85.

Cedar Fair-Lp (FUN)

Cedar Fair-Lp is our next Top Short for the third day in a row. Cedar Fair is an amusement park and entertainment holding company best known for its Cedar Point amusement park in Sandusky, Ohio. Our AI systems rated Cedar Fair D in Technicals, F in Growth, and C in Low Volatility Momentum. The stock closed down 0.1% to $41.81 on volume of 301,871 vs its 10-day price average of $40.93 and its 22-day price average of $39.54, and is up 5.47% for the year. Revenue was $1474.92M in the last fiscal year compared to $1321.97M three years ago,Operating Income was $320.92M in the last fiscal year compared to $306.06M three years ago, EPS was $3.03 in the last fiscal year, and compared to $3.79 three years ago, ROE was 1535.55% in the last year compared to 300.39% three years ago. Forward 12M Revenue is expected to grow by 346.91% over the next 12 months.

Fortress Trans Infrastr Invs (FTAI)

Fortress Transportation & Infrastructure Investors is our third Top Short for today. The company owns and acquires high quality infrastructure and equipment essential for the transportation of goods and people across the globe. Our AI systems rated the company F in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 2.31% to $23.0 on volume of 337,416 vs its 10-day price average of $22.65 and its 22-day price average of $22.79, and is up 1.1% for the year. Revenue grew by 144.36% over the last three fiscal years, Operating Income grew by 23.79% in the last fiscal year and grew by 1189.98% over the last three fiscal years, and EPS grew by 135015.64% over the last three fiscal years. Revenue was $578.77M in the last fiscal year compared to $185.05M three years ago, Operating Income was $65.22M in the last fiscal year compared to $6.26M three years ago, EPS was $2.59 in the last fiscal year compared to $0.0 three years ago, and ROE was 11.23% in the last year compared to (2.04%) three years ago. Forward 12M Revenue is expected to grow by 24.57% over the next 12 months, and the stock is trading with a Forward 12M P/E of 42.66.

Park Hotels & Resorts (PK)

Park Hotels & Resorts is our next Top Short for the day. Park Hotels is a DC-area based REIT that focuses on investing in hotel and lodging properties. Our AI systems rated Park C in Technicals, F in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.06% to $17.75 on volume of 2,363,590 vs its 10-day price average of $17.27 and its 22-day price average of $17.19, and is up 7.38% for the year. Revenue was $2830.0M in the last fiscal year compared to $2831.0M three years ago, Operating Income was $446.0M in the last fiscal year compared to $436.0M three years ago, EPS was $1.44 in the last fiscal year compared to $12.21 three years ago, and ROE was 5.25% in the last year compared to 53.78% three years ago. Forward 12M Revenue is also expected to grow by 37.47% over the next 12 months.

Planet Fitness Inc (PLNT)

Our final Top Short for today is Planet Fitness Inc

PLNT
. Planet Fitness is a franchisor and operator of gyms and fitness centers all across America. In terms of number of members and locations, it is one of the largest fitness club franchises in the country. Our AI systems rated the company C in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.23% to $82.72 on volume of 1,386,872 vs its 10-day price average of $79.21 and its 22-day price average of $77.39, and is up 11.89% for the year. Revenue was $638.65M in the last fiscal year compared to $429.94M three years ago, Operating Income was $234.73M in the last fiscal year compared to $147.38M three years ago, and EPS was $1.41 in the last fiscal year compared to $0.42 three years ago. Forward 12M Revenue is expected to grow by 53.15% over the next 12 months, and the stock is trading with a Forward 12M P/E of 62.97.

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.

Published at Thu, 14 Jan 2021 17:18:55 +0000

By Editor