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Top Stocks To Short Today As Jobless Claims And Retail Sales Crush Estimates

Optimism has officially taken over the markets, with the Dow
DOW
and S&P hitting new records once again. Jobless claims, first and foremost, came in at their lowest level since March 2020. The Labor Department reported 576,000 new jobless claims for the week ended April 10 compared to the estimated total of 710,000. March retail sales also crushed Dow Jones estimates, with retail sales for March surging 9.8% compared to an estimated 6.1%. Earnings from companies like Citi, Pepsi, and United Health continued the strong start to earnings season. With all of this excitement permeating the markets, the Dow Jones rose over 200 points, the S&P 500 gained 0.7%, and the Nasdaq
NDAQ
advanced 1%. 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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Arvinas Inc (ARVN)

Arvinas Inc is today’s first 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 D in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.53% to $62.89 on volume of 271,958 vs its 10-day price average of $64.02 and its 22-day price average of $65.07, and is down 24.99% for the year. 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.

MORE FROM FORBESArvinas (ARVN)

General Electric Co (GE) 

General Electric
GE
is our next Top Short. The long-suffering multinational business conglomerate has had a very strong recovery thus far in 2021. The company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance. Our AI systems rated the company F in Technicals, F in Growth, D in Low Volatility Momentum, amd C in Quality Value. The stock closed up 1.79% to $13.68 on volume of 64,197,848 vs its 10-day price average of $13.44 and its 22-day price average of $13.24, and is up 30.78% for the year. Revenue was $79619.0M in the last fiscal year compared to $97012.0M three years ago, Operating Income was $(173.0)M in the last fiscal year compared to $6711.0M three years ago, EPS was $0.58 in the last fiscal year compared to $(2.63) three years ago, and ROE was 16.94% in the last year compared to (32.84%) three years ago. The stock is also trading with a Forward 12M P/E of 58.18.

MORE FROM FORBESGeneral Electric (GE)

Laureate Education Inc (LAUR)

Laureate Education Inc is our next Top Short. Laureate Education is a Baltimore-based education company, and owns and operates universities with campuses in Mexico and Peru. Our AI systems rated the company D in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.31% to $13.08 on volume of 800,443 vs its 10-day price average of $13.46 and its 22-day price average of $13.73, and is down 8.6% for the year. Revenue was $1024.92M in the last fiscal year compared to $1144.57M three years ago, Operating Income was $112.32M in the last fiscal year compared to $48.42M three years ago, EPS was $(2.93) in the last fiscal year compared to $1.74 three years ago, and ROE was (12.62%) in the last year compared to (9.41%) three years ago. The stock is also trading with a Forward 12M P/E of 2.33.

MORE FROM FORBESLaureate Education (LAUR)

Sysco Corp (SYY) 

Sysco Corp
SYY
 
is our fourth Top Short. Sysco is a large-scale food service provider, and engages in the marketing and distribution of food products, smallwares, kitchen equipment and tabletop items to a wide variety of industries. 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 up 0.06% to $80.53 on volume of 1,216,290 vs its 10-day price average of $80.2 and its 22-day price average of $79.67, and is up 12.68% for the year. Revenue was $52893.31M in the last fiscal year compared to $58727.32M three years ago, Operating Income was $1625.28M in the last fiscal year compared to $2350.12M three years ago, EPS was $0.42 in the last fiscal year compared to $2.7 three years ago, and ROE was 11.55% in the last year compared to 57.13% three years ago. Forward 12M Revenue is expected to grow by 11.29% over the next 12 months, and the stock is trading with a Forward 12M P/E of 33.24. 

MORE FROM FORBESSysco (SYY)

Ventas Inc (VTR)

Ventas Inc is our final Top Short today. Ventas is a real estate company that engages in the acquisition and ownership of seniors housing and healthcare properties. 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 1.2% to $54.54 on volume of 2,345,162 vs its 10-day price average of $54.5 and its 22-day price average of $54.42, and is up 17.32% for the year. Revenue was $3800.29M in the last fiscal year compared to $3701.58M three years ago, Operating Income was $596.38M in the last fiscal year compared to $944.67M three years ago, EPS was $1.17 in the last fiscal year compared  to $1.14 three years ago, and ROE was 4.14% in the last year compared to 3.86% three years ago. The stock is also trading with a Forward 12M P/E of 280.5.

MORE FROM FORBESVentas (VTR)

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