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American Airlines Group Inc Ranked Among Today’s Top Shorts As Investors Await The Fed’s Talk On Tapering

All eyes were once again on the Fed’s Jackson Hole symposium, and all ears will be on Chairman Jay Powell. With the chair expected to speak on monetary policy and tapering, the indices actually ticked up mildly on this final Friday in August. The Dow Jones gained 65 points, or 0.1%, while the S&P 500 and Nasdaq Composite each gained 0.2%. It’s anyone’s guess how the market will respond to Powell’s statements. If 2021 has shown us anything, it’s that the reaction isn’t ideal for investors most of the time. However, there’s thought that investors could be prepared to weather this storm and a belief that the Fed can remove stimulus without rapidly rising rates. Plus, some stats indicate that the worst of the Delta wave may potentially be behind us. 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 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 B in Technicals, D in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.24% to $19.9 on volume of 22,809,450 vs its 10-day price average of $19.43 and its 22-day price average of $20.09, and is up 31.53% 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 31.43% over the next 12 months.

MORE FROM FORBESAmerican Airlines Group (AAL)

Amyris Inc (AMRS)

Amyris Inc is our next Top Short for the second day in a row. Amyris Inc
AMRS
is a synthetic biotechnology and renewable chemical company. It serves the specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals markets. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed down 0.91% to $15.24 on volume of 2,553,595 vs its 10-day price average of $13.79 and its 22-day price average of $14.16, and is up 117.09% for the year. Revenue grew by 98.21% in the last fiscal year and grew by 439.55% over the last three fiscal years, Operating Income grew by -89.72% in the last fiscal year and grew by -90.44% over the last three fiscal years, and EPS grew by -3.99% in the last fiscal year and grew by -51.13% over the last three fiscal years. Revenue was $173.14M in the last fiscal year compared to $63.6M three years ago, Operating Income was $(123.42)M in the last fiscal year compared to $(132.72)M three years ago, and EPS was $(1.88) in the last fiscal year compared to $(3.69) three years ago.

MORE FROM FORBESAmyris (AMRS)

Arvinas Inc (ARVN)

Arvinas Inc is today’s next Top Short. Arvinas is a clinical-stage biopharmaceutical company dedicated to improving the lives of patients suffering from debilitating and life-threatening diseases. Our AI systems rated the company B in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 1.49% to $83.45 on volume of 497,327 vs its 10-day price average of $85.77 and its 22-day price average of $92.15, and is down 0.47% for the year. Revenue grew by 45.9% over the last three fiscal years, while EPS grew by -85.58% over the last three fiscal years. Revenue was $21.8M in the last fiscal year compared to $14.32M three years ago, Operating Income was $(124.86)M in the last fiscal year compared to $(43.8)M three years ago, EPS was $(3.02) in the last fiscal year compared to $(25.45) three years ago, and ROE was (27.47%) in the last year compared to (60.57%) three years ago. Forward 12M Revenue is expected to grow by 16.59% over the next 12 months, and the stock is trading with a Forward 12M P/E of 90.02.

MORE FROM FORBESArvinas (ARVN)

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Blink Charging Co (BLNK)

Blink Charging Co is our fourth Top Short today. Blink Charging Co provides fast, level 2 EV Charging Stations and Networks for both homes and businesses. Our AI systems rated the company D in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 3.73% to $30.74 on volume of 985,956 vs its 10-day price average of $31.34 and its 22-day price average of $33.24, and is down 18.04% for the year. Revenue grew by 59.64% in the last fiscal year and grew by 270.26% over the last three fiscal years, and EPS grew by -32.18% over the last three fiscal years. Revenue was $6.23M in the last fiscal year compared to $2.69M three years ago, Operating Income was $(17.39)M in the last fiscal year compared to $(11.61)M three years ago, EPS was $(0.59) in the last fiscal year compared to $(1.3) three years ago, and ROE was (103.16%) in the last year. Forward 12M Revenue is also expected to grow by 36.56% over the next 12 months. 

MORE FROM FORBESBlink Charging (BLNK)

Carvana Co (CVNA)

Our final Top Short is Carvana. The company is a major innovator and disruptor in the car industry, and is a robust online used car dealer. Our AI systems rated Carvana C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.75% to $351.74 on volume of 407,307 vs its 10-day price average of $354.22 and its 22-day price average of $349.25, and is up 48.87% for the year. Revenue grew by 60.23% in the last fiscal year and grew by 357.77% over the last three fiscal years, Operating Income grew by -75.21% in the last fiscal year and grew by -62.67% over the last three fiscal years, and EPS grew by -57.59% in the last fiscal year and grew by -45.04% over the last three fiscal years. Revenue was $5586.56M in the last fiscal year compared to $1955.47M three years ago, Operating Income was $(332.4)M in the last fiscal year compared to $(220.73)M three years ago, EPS was $(2.63) in the last fiscal year compared to $(2.03) three years ago, and ROE was (93.05%) in the last year compared to (100.5%) three years ago. Forward 12M Revenue is also expected to grow by 12.28% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

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