Top Stocks To Short Today Amid Mixed Trading And Mounting Worries

Inflation fears, political unrest, and alarming virus trends are keeping stocks sideways again. After reaching record highs last week, the major indices sold off Monday and have since failed to stage a significant rally. The Dow Jones fell 31 points, or 0.1%, the S&P 500 traded flat, and the Nasdaq

NDAQ
gained 0.2%. Thus far, the Nasdaq has been the biggest laggard on the week declining around 1%, while the Russell 2000 is up over 1% on the week. Investors are paying close attention to impeachment proceedings at the House, and also will have their eyes on the start of Q4 2020 earnings reports and the release of more economic data. For now, stocks are looking overstretched, and inflation could be right around corner. 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.

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Bloomin’ Brands Inc (BLMN)

Bloomin’ Brands

BLMN
is the first Top Short of the 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 up 2.19% to $20.96 on volume of 1,546,179 vs its 10-day price average of $19.74 and its 22-day price average of $19.12, and is up 14.29% 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 28.89.

MORE FROM FORBESBloomin’ Brands (BLMN)

Colfax Corp (CFX)

Colfax Corp

CFX
 is our second Top Short today. Colfax Corp is a manufacturing company that focuses on welding, air and gas handling equipment, and medical devices. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and C in Quality Value. The stock closed up 2.35% to $40.55 on volume of 1,098,297 vs its 10-day price average of $38.84 and its 22-day price average of $37.71, and is up 9.42% for the year. Revenue grew by 61.62% over the last three fiscal years, Operating Income grew by 57.64% over the last three fiscal years, and EPS grew by -98.6% in the last fiscal year. Revenue was $3327.46M in the last fiscal year compared to $1937.28M three years ago, Operating Income was $357.31M in the last fiscal year compared to $173.63M three years ago, EPS was $(3.89) in the last fiscal year compared to $1.23 three years ago, and ROE was 0.54% in the last year compared to 1.35% three years ago. Forward 12M Revenue is expected to grow by 7.47% over the next 12 months, and the stock is trading with a Forward 12M P/E of 21.03.

MORE FROM FORBESColfax (CFX)

Cedar Fair-Lp (FUN)

Cedar Fair-Lp is our next Top Short for the second 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 up 0.24% to $41.85 on volume of 371,657 vs its 10-day price average of $40.63 and its 22-day price average of $39.41, and is up 5.58% 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.

MORE FROM FORBESCedar Fair -Lp (FUN)

US Foods Holding Corp (USFD)

US Foods Holding Corp is our final Top Short today. The company is a leading foodservice distributor in the United States, and markets/primarily distributes fresh, frozen and dry food and non-food products. Our AI systems rated Us Foods C in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 4.03% to $36.11 on volume of 3,093,520 vs its 10-day price average of $33.68 and its 22-day price average of $33.47, and is up 11.31% for the year. Revenue was $25939.0M in the last fiscal year compared to $24147.0M three years ago, Operating Income was $759M in the last fiscal year compared to $573M three years ago, EPS was $1.75 in the last fiscal year compared to $1.97 three years ago, and ROE was 11.1% in the last year compared to 16.79% three years ago. Forward 12M Revenue is expected to grow by 11.99% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.06.

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