Market

Redfin Among Today’s Best Short Plays As The Dow Trades Around Record High And The Nasdaq Continues Losing Streak

The Nasdaq
NDAQ
is in the midst of a brutal 5-day losing streak- its worst since October. Other high-flying growth stocks dropped by double digits today, such as Fastly, Rocket Mortgage, and Etsy. However, in yet another sign that reopening and recovery is the flavor of the year, jobless claims hit their lowest levels of the pandemic era and the Dow remained steady around record levels. The Dow rose 40 points, while the S&P 500 was roughly flat, and the Nasdaq fell 0.5%. Investors digested more earnings, with PayPal
PYPL
reporting blowout numbers and rising 1.5%. If you’re looking for a way to play this market, 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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Amyris Inc (AMRS)

Amyris Inc is today’s first Top Short. 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 F in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 6.52% to $13.61 on volume of 3,733,156 vs its 10-day price average of $14.85 and its 22-day price average of $15.35, and is up 93.87% for the year. 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)

Ceva Inc (CEVA) 

Ceva Inc is today’s second Top Buy. Ceva is the leading provider of ultra-low-power IP for vision, deep learning, audio, communication and connectivity. Our AI systems rated the company D in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.12% to $51.09 on volume of 161,235 vs its 10-day price average of $55.8 and its 22-day price average of $56.52, and is up 14.24% for the year. Revenue was $100.33M in the last fiscal year compared to $77.88M three years ago, Operating Income was $(0.76)M in the last fiscal year compared to $(1.25)M three years ago, EPS was $(0.11) in the last fiscal year compared to $0.03 three years ago, and ROE was (0.93%) in the last year compared to 0.23% three years ago. The stock is also trading with a Forward 12M P/E of 84.87.

MORE FROM FORBESCeva (CEVA)

Fluor Corp (FLR) 

Fluor Corp is our next Top Buy. Fluor Corp is an engineering and construction firm. It is a holding company that provides services through subsidiaries in oil and gas, industrial and infrastructure, government and power. Our AI systems rated Fluor Corp D in Technicals, D in Growth, D in Low Volatility Momentum, and C in Quality Value. The stock closed up 1.25% to $24.25 on volume of 1,277,152 vs its 10-day price average of $22.9 and its 22-day price average of $22.48, and is up 53.29% for the year. Revenue was $15668.48M in the last fiscal year compared to $18851.01M three years ago, Operating Income was $144.96M in the last fiscal year compared to $426.32M three years ago, EPS was $(3.1) in the last fiscal year compared to $1.22 three years ago, and ROE was (15.85%) in the last year compared to 6.56% three years ago. The stock is also trading with a Forward 12M P/E of 42.37.

MORE FROM FORBESFluor (FLR)

Maxar Technologies Inc (MAXR)

Space technology company Maxar Technologies is our fourth Top Short today. The Colorado-based company specializes in manufacturing communication, Earth observation, radar, on-orbit servicing satellites, satellite products, and related services. Our AI systems rated Maxar F in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 3.89% to $27.95 on volume of 1,414,155 vs its 10-day price average of $37.36 and its 22-day price average of $37.44, and is down 23.0% for the year. Revenue grew by 0.64% in the last fiscal year, Operating Income grew by 15.69% in the last fiscal year and grew by -142.45% over the last three fiscal years, and EPS grew by -120.05% over the last three fiscal years. Revenue was $1723.0M in the last fiscal year compared to $1804.0M three years ago, Operating Income was $51.0M in the last fiscal year compared to $(139.0)M three years ago, EPS was $4.99 in the last fiscal year compared to $(21.52) three years ago, and ROE was (5.42%) in the last year compared to (69.84%) three years ago. Forward 12M Revenue is expected to grow by 5.38% over the next 12 months, and the stock is trading with a Forward 12M P/E of 29.8.

MORE FROM FORBESMaxar Technologies (MAXR)

Redfin Corp (RDFN)

Our final Top Short for the second day in a row is Redfin Corp
RDFN
. Redfin is a Seattle-based real estate brokerage, and operates with a unique business model. With Redfin’s business model, sellers pay Redfin a small fee to list the seller’s home, in addition to another small fee charged to the seller to compensate the brokerage representing the buyer. Customers who buy with Redfin are only charged 1% to list their home, and also receive a portion of the brokerages commission back (called the Redfin Refund). Our AI systems rated Redfin D in Technicals, F in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed down 5.14% to $62.18 on volume of 2,083,039 vs its 10-day price average of $67.99 and its 22-day price average of $66.91, and is down 7.53% for the year. Revenue was $886.09M in the last fiscal year compared to $486.92M three years ago, Operating Income was $7.31M in the last fiscal year compared to $(43.93)M three years ago, EPS was $(0.23) in the last fiscal year, compared to $(0.49) three years ago, and ROE was (3.85%) in the last year compared to (13.82%) three years ago. Forward 12M Revenue is also expected to grow by 7.11% over the next 12 months. 

MORE FROM FORBESRedfin (RDFN)

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