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American Airlines Group Inc Ranked Among Today’s Top Shorts As The Indices Saw Some Minor Losses

We’re about to enter the worst part of what is historically the worst month for stocks. Since 1945, according to CFRA, we’ve seen an average decline of 0.56% during September. The Stock Trader’s Almanac also claims that the S&P 500 averages a 0.4% decline in September, the worst of any month. Most of those dips come on the back half of the month. In case you haven’t checked your calendar, buckle up. The waters look even more treacherous than usual this September. As it is, the market has heated up. We’ve seen eight straight months of gains, and the S&P has gained roughly 20% without so much as a 5% dip. We also have a resurgent virus, a Federal that could move markets, inflation, and a debt ceiling crisis that could cause the U.S. to default for the first time ever. Stocks, though, are heading into Friday with modest gains for the week. This Friday, the indices saw some minor losses, as the Dow Jones lost about 40 points, the S&P 500 dipped 0.2%, and the Nasdaq
NDAQ
lost 0.2%. If you’re looking for a way to play this market, the deep learning algorithms at Tryq.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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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 the 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. Especially with the Delta variant, other emerging variants, and waning vaccine efficacy threatening to derail everything. Our AI systems rated American Airlines D in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.63% to $19.89 on volume of 33,586,210 vs its 10-day price average of $19.47 and its 22-day price average of $19.49, and is up 31.46% for the year. Revenue grew by 7.78% in the last fiscal year, Operating Income grew by -10.81% in the last fiscal year, and EPS grew by -46.38% 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 32.09% over the next 12 months.

MORE FROM FORBESAmerican Airlines Group (AAL)

Axsome Therapeutics Inc (AXSM)

Axsome Therapeutics Inc is today’s second Top Short. Axsome Therapeutics is a biopharmaceutical company developing novel therapies for central nervous system (CNS) conditions with limited treatment options. 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 2.92% to $28.53 on volume of 1,185,670 vs its 10-day price average of $27.04 and its 22-day price average of $25.15, and is down 64.97% for the year. Revenue was $17337.0M in the last fiscal year compared to $44541.0M three years ago, Operating Income was $(88.89)M in the last fiscal year compared to $(32.63)M three years ago, EPS was $(2.77 in the last fiscal year compared to $(1.15) three years ago, and ROE was (70.36%) in the last year compared to (350.78%) three years ago.  

MORE FROM FORBESAxsome Therapeutics (AXSM)

Canoo Inc (GOEV)

Canoo Inc is our third Top Short today. Canoo Inc is a manufacturer of electric vehicles aiming to release a minivan to market in 2022. The company further plans to produce commercial electric vehicles such as vans for vehicle rental and ride sharing services. Our AI systems rated the company C in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.77% to $6.68 on volume of 1,849,254 vs its 10-day price average of $7.2 and its 22-day price average of $7.08, and is  down 46.56% for the year. EPS grew by -64.66% over the last three fiscal years. Revenue was $17337.0M in the last fiscal year compared to $44541.0M three years ago, Operating Income was $(199.72)M in the last fiscal year compared to $(64.71)M three years ago, EPS was $(0.81 in the last fiscal year compared to $(2.54) three years ago, and ROE was (34.81%) in the last year.  

Groupon Inc (GRPN)

Groupon Inc is our fourth Top Buy today. Groupon, Inc. is a local commerce marketplace connecting merchants to consumers by offering goods and services at discounts. It provides consumers with savings and helps them discover what to do, eat, see and buy in the places where they live and work. Our AI systems rated Groupon F in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.44% to $21.26 on volume of 694,627 vs its 10-day price average of $22.14 and its 22-day price average of $23.04, and is down 39.74% for the year. Operating Income grew by -144.35% in the last fiscal year, while EPS grew by -102.96% in the last fiscal year and grew by -176.25% over the last three fiscal years. Revenue was $1416.87M in the last fiscal year compared to $2636.75M three years ago, Operating Income was $(80.42)M in the last fiscal year compared to $89.06M three years ago, EPS was $(10.07) in the last fiscal year compared to $(0.39) three years ago, and ROE was (114.0%) in the last year compared to 0.63% three years ago. The stock is also trading with a Forward 12M P/E of 12.81.

MORE FROM FORBESGroupon (GRPN)

Tupperware Brands Corp (TUP)

Tupperware Brands is our final Top Short of the day. Tupperware is a global direct seller of innovative, premium products across multiple brands and categories. Its brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home, and more. Our AI systems rated the company F in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 1.25% to $21.33 on volume of 444,990 vs its 10-day price average of $22.8 and its 22-day price average of $23.08, and is down 33.26% for the year. Revenue grew by 8.72% in the last fiscal year, Operating Income grew by 43.57% in the last fiscal year, and EPS grew by 18.05% in the last fiscal year. Revenue was $1740.1M in the last fiscal year compared to $2069.7M three years ago, Operating Income was $216.9M in the last fiscal year compared to $314.9M three years ago, and EPS was $2.14 in the last fiscal year compared to $3.11 three years ago. ​​Forward 12M Revenue is expected to grow by 6.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.13.

MORE FROM FORBESTupperware Brands (TUP)

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