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Top Stocks To Short Today As Bond Yields Beat Up Tech Stocks Again

Growth stocks, especially tech, fell for the third day in a row thanks to rising bond yields and interest rate fears. Anxious investors were somewhat comforted by Fed Chair Jerome Powell’s statement yesterday on the state of the economy, interest rates, and inflation, and the market saw a sharp reversal. But fears returned today, and tech shares pulled back again as the 10-year Treasury yield topped 1.4% to hit its highest level in a year. Although Tesla
TSLA
rose 2% after Ark Invest’s Cathie Wood bought significant shares, Big Tech stocks such as Apple
AAPL
, Microsoft
MSFT
, and Amazon
AMZN
fell more than 1%. The Dow Jones dropped 100 points, the S&P 500 fell 0.5%, and the Nasdaq
NDAQ
plummeted by another 0.9%. 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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Greenbrier Cos Inc (The) (GBX)

Greenbrier Cos Inc is today’s first Top Short once again. Greenbrier Cos is heavily involved in the railroad industry, and builds, leases, repairs, supplies, and manages railcars in North America, South America, Europe, and the Middle East. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and C in Quality Value. The stock closed up 2.0% to $48.95 on volume of 760,948 vs its 10-day price average of $45.57 and its 22-day price average of $41.4, and is up 39.22% for the year. Revenue was $2792.19M in the last fiscal year compared to $2519.46M three years ago, Operating Income was $148.43M in the last fiscal year compared to $208.62M three years ago, EPS was $1.46 in the last fiscal year compared to $4.68 three years ago, and ROE was 5.88% in the last year compared to 13.09% three years ago. Forward 12M Revenue is expected to grow by 9.66% over the next 12 months, and the stock is trading with a Forward 12M P/E of 72.44.

MORE FROM FORBESGreenbrier Cos (The) (GBX)

Olin Corp (OLN)

Olin Corp is once again on our list of Top Shorts. Olin Corp is a manufacturer of ammunition, chlorine, and sodium hydroxide. Our AI systems rated the company B in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.14% to $31.22 on volume of 1,391,842 vs its 10-day price average of $29.35 and its 22-day price average of $27.49, and is up 28.58%  for the year. Revenue was $5758.0M in the last fiscal year compared to $6946.1M three years ago, Operating Income was $(19.8)M in the last fiscal year compared to $604.5M three years ago, EPS was $(6.14) in the last fiscal year compared to $1.95 three years ago, and ROE was (50.13%) in the last year compared to 11.74% three years ago. The stock is also trading with a Forward 12M P/E of 30.18.

MORE FROM FORBESOlin (OLN)

E.L.F. Beauty Inc (ELF)

E.L.F. Beauty is our next Top Short. E.L.F. Beauty is a cosmetics company that includes products such as bath and skin-care products, mineral-based makeup, professional tools, eyeliners, lipstick, glosses, blushes, bronzers, brushes, mascara, and more. Our AI systems rated the company C in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed flat at $25.38 on volume of 712,949 vs its 10-day price average of $24.27 and its 22-day price average of $23.35, and is up 1.12% for the year. Revenue grew by 6.12% in the last fiscal year and grew by 12.23% over the last three fiscal years, and was $282.85M in the last fiscal year compared to $267.44M three years ago. Operating Income was $23.97M in the last fiscal year compared to $26.16M three years ago, EPS was $0.35 in the last fiscal year compared to $0.32 three years ago, and ROE was 7.82% in the last year compared to 7.34% three years ago. Forward 12M Revenue is expected to grow by 4.49% over the next 12 months, and the stock is trading with a Forward 12M P/E of 40.17. 

MORE FROM FORBESE.L.F. Beauty (ELF)

Chemours Co (CC)

Chemours Co
CC
 
is our fourth Top Short of the day. Chemours Co is a specialty chemicals company that was founded as a spin-off from chemicals giant DuPont. Our AI systems rated Chemours C in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.77% to $24.98 on volume of 1,530,529 vs its 10-day price average of $26.12 and its 22-day price average of $26.59, and is up 0.64% for the year. Revenue was $4969.0M in the last fiscal year compared to $6638.0M three years ago, Operating Income was $476.0M in the last fiscal year compared to $1259.0M three years ago, EPS was $1.32 in the last fiscal year compared to $5.45 three years ago, and ROE was 29.01% in the last year compared to 105.68% three years ago. The stock is also trading with a Forward 12M P/E of 9.14. 

MORE FROM FORBESChemours (CC)

Weyerhaeuser Co (WY)

Weyerhaeuser Co is today’s final Top Short. The company engages in the manufacture, distribution and sale of forest products. Our AI systems rated the company B in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.27% to $35.03 on volume of 4,866,569 vs its 10-day price average of $34.66 and its 22-day price average of $33.86, and is up 6.77% for the year. Revenue was $7532.0M in the last fiscal year compared to $7476.0M three years ago, Operating Income was $1578.0M in the last fiscal year compared to $1146.0M three years ago, EPS was $1.07 in the last fiscal year compared to $0.99 three years ago, and the ROE was 9.43% in the last year compared to 8.34% three years ago. The stock is also trading with a Forward 12M P/E of 20.1. 

MORE FROM FORBESWeyerhaeuser (WY)

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