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Hexcel Corp Ranked Among Today’s Top Shorts

We finally had it, a market selloff. Major indices were trading some 2% lower on the day yesterday, but today they are catching a bid, with the Dow gaining 1.3% as of this morning, trying to claw back losses. It would be a surprise to see only a one-day pullback this week, but in the last couple of years most major dips have been buying opportunities, so yesterday’s could end up no different. There are some large signs of speculation getting ahead of itself — just look at the remarkable gain and subsequent crash in lumber prices this year, starting the year in the low $600 to a high of over $1,700, and now trading in the mid-$500s. Fiscal and monetary stimulus, at these levels, can produce some interesting results. All eyes will be on the weekly jobless claims and existing home sales coming out on Thursday for economic data points, as well as the continuation of earnings season. Not to mention, that pesky Delta variant of Covid-19 is raging across the world and starting to have some effect on the global economy. The biggest turnaround, though, might be in oil prices this week after OPEC announced a long-awaited deal. WTI dropped from over $75 to just over $66 in the matter of a day, which should help for the tail end of summer driving season. 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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Carvana Co (CVNA)

Carvana Co is our first Top Short today. Carvana is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. Our AI systems rated the company C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.71% to $311.04 on volume of 1,454,100 vs its 10-day price average of $317.62 and its 22-day price average of $309.95, and is up 31.65% for the year. Revenue grew by 20.53% in the last fiscal year and grew by 244.35% over the last three fiscal years, Operating income grew by -23.77% in the last fiscal year, while EPS grew by -22.3% 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 (100.05%) three years ago. Forward 12M Revenue is also expected to grow by 6.75% over the next 12 months.

MORE FROM FORBESCarvana (CVNA)

Fluor Corp (FLR)

Fluor Corp is second on our list of Top Shorts today. The company is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. Our AI systems rated the company D in Technicals, D in Growth, F in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.24% to $15.51 on volume of 6,136,321 vs its 10-day price average of $16.22 and its 22-day price average of $17.02, and is down 1.96% for the year. EPS grew by -41.2% in the last fiscal 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, while EPS was $(3.1) in the last fiscal year compared to $1.22 three years ago. ROE was (15.85%) in the last year which compares to 6.56% three years ago. Forward 12M Revenue is expected to grow by 2.29% over the next 12 months and the stock is trading with a Forward 12M P/E of 21.42.

MORE FROM FORBESFluor (FLR)

Hexcel Corp (HXL) 

Our next Top Short is Hexcel Corp. Hexcel designs and manufactures high-performance composites, including carbon fibers, for use in commercial aerospace, defense, and other industrial markets. Our AI systems rated the company D in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 5.77% to $53.26 on volume of 836,293 vs its 10-day price average of $58.99 and its 22-day price average of $60.74, and is up 14.34% for the year. Revenue was $1502.4M in the last fiscal year compared to $2189.1M three years ago, Operating Income was $72.0M in the last fiscal year compared to $378.9M three years ago, while EPS was $0.38 in the last fiscal year compared to $3.11 three years ago. ROE was 2.14% in the last year which compares to 19.64% three years ago. Forward 12M Revenue is expected to grow by 6.02% over the next 12 months and the stock is trading with a Forward 12M P/E of 91.14.

MORE FROM FORBESHexcel (HXL)

Plug Power Inc (PLUG) 

Plug Power Inc is fourth on our list of Top Shorts today. The company is an innovator of modern hydrogen and fuel cell technology. It has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable and cost-effective way. Our AI systems rated Plug C in Technicals, F in Growth, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.04% to $26.0 on volume of 21,409,310 vs its 10-day price average of $28.44 and its 22-day price average of $30.64, and is down 19.18% for the year. Revenue grew by -33.4% in the last fiscal year while EPS grew by -9.39% in the last fiscal year. Revenue was $-93.24M in the last fiscal year compared to $174.22M three years ago, Operating Income was $(576.61)M in the last fiscal year compared to $(76.44)M three years ago, EPS was $(1.68) in the last fiscal year compared to $(0.39) three years ago, and ROE was (74.61%) in the last year compared to (157.5%) three years ago. Forward 12M Revenue is also expected to grow by 9.18% over the next 12 months. 

MORE FROM FORBESPlug Power (PLUG)

Blink Charging Co (BLNK)

Blink Charging Co is the final Top Short today. Blink is an owner, operator, and provider of electric vehicle charging services. 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 up 2.1% to $31.07 on volume of 1,295,651 vs its 10-day price average of $33.52 and its 22-day price average of $37.26, and is down 17.16% for the year.  Revenue grew by 14.98% in the last fiscal year, and grew by 166.67% over the last three fiscal years, while EPS grew by -49.11% 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 expected to grow by 25.93% over the next 12 months.

MORE FROM FORBESBlink Charging (BLNK)

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