Cinemark Holdings Inc Ranked Among Today’s Top Shorts Amid Rising COVID-19 Concerns, Inflation Fears, And More

By Q.ai - Make Genius Money Moves, Contributor
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September historically is bad news for investors. Since 1945, in fact, according to CFRA, we’ve seen an average decline of 0.56% for the month. We could be long overdue for an even more significant downturn after eight straight months of gains. This September, though, feels gloomier than usual. There’s the delta variant, an uncertain Federal Reserve, inflation, and a looming debt crisis with the 2nd largest property developer in China. Wednesday, the indices were little changed but helped by a strong reading from the NY Fed’s Empire Index. This index measures manufacturing in the region and came in at 34.3 for September, way ahead of the 18 consensus estimate. Following this news, the Dow Jones was flat, the S&P 500 ticked up 0.2%, and Nasdaq NDAQ rose 0.3%. 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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Cinemark Holdings Inc (CNK)

Cinemark Holdings is our first Top Short for the day. The Texas-based Cinemark owns and operates a chain of movie theatres. With the future of movie theatres in question, our AI systems rated Cinemark D in Technicals, D in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed down 1.09% to $18.09 on volume of 3,321,969 vs its 10-day price average of $17.47 and its 22-day price average of $16.45, and is up 11.94% for the year. Revenue was $686.31M in the last fiscal year compared to $3221.74 three years ago, Operating Income was $(590.82)M in the last fiscal year compared to $459.42M three years ago, EPS was $(5.25) in the last fiscal year compared to $1.83 three years ago, and ROE was (54.99%) in the last year compared to 15.3% three years ago. Forward 12M Revenue is also expected to grow by 69.28% over the next 12 months.

Simple moving average of Cinemark Holdings Inc (CNK) Forbes AI Investor

Carvana Co (CVNA)

Back on our list of Top Shorts is Carvana Co. 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, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 0.92% to $329.07 on volume of 698,244 vs its 10-day price average of $328.0 and its 22-day price average of $340.79, and is up 39.28% 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 11.83% over the next 12 months.

Simple moving average of Carvana Co (CVNA) Forbes AI Investor

Plug Power Inc (PLUG)

Our third Top Short is no stranger to this list-Plug Power Inc. Plug Power is a company at the forefront of automotive innovation with its development of hydrogen fuel cell systems. The goal of this company is to develop mechanisms to eventually replace conventional batteries in equipment and vehicles powered by electricity. Our AI systems rated Plug Power F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 1.86% to $24.66 on volume of 20,087,130 vs its 10-day price average of $25.69 and its 22-day price average of $25.55, and is down 23.34% for the year. Revenue grew by -94.06% in the last fiscal year, while EPS grew by -10.05% 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 19.11% over the next 12 months.

Simple moving average of Plug Power Inc (PLUG) Forbes AI Investor

Sabre Corp (SABR)

Our fourth Top Short today is Sabre Corp. Sabre, which was initially founded by American Airlines AAL in 1960, is the largest global distribution systems provider for air bookings in North America. Our AI systems rated Sabre D in Technicals, D in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.8% to $11.23 on volume of 4,688,138 vs its 10-day price average of $11.09 and its 22-day price average of $10.83, and is up 0.18% for the year. Revenue grew by 0.38% in the last fiscal year, while Operating Income grew by -7.25% in the last fiscal year, and EPS grew by -17.01% in the last fiscal year. Revenue was $1334.1M in the last fiscal year compared to $3866.96M three years ago, Operating Income was $(912.96)M in the last fiscal year compared to $570.34M three years ago, EPS was $(4.42) in the last fiscal year compared to $1.22 three years ago, and ROE was (194.51%) in the last year compared to 40.76% three years ago. Forward 12M Revenue is also expected to grow by 33.33% over the next 12 months.

Simple moving average of Sabre Corp (SABR) Forbes AI Investor

Tupperware Brands Corp (TUP)

Tupperware Brands is our final Top Short today. Tupperware is a global direct seller of innovative, premium products across multiple brands and categories. Its brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home, and more. Our AI systems rated the company F in Technicals, D in Growth, F in Low Volatility Momentum, and C in Quality Value. The stock closed down 6.08% to $21.77 on volume of 998,495 vs its 10-day price average of $23.3 and its 22-day price average of $23.37, and is down 31.88% for the year. Revenue grew by 8.72% in the last fiscal year, Operating Income grew by 43.57% in the last fiscal year, and EPS grew by 18.05% in the last fiscal year. Revenue was $1740.1M in the last fiscal year compared to $2069.7M three years ago, Operating Income was $216.9M in the last fiscal year compared to $314.9M three years ago, and EPS was $2.14 in the last fiscal year compared to $3.11 three years ago. ​​Forward 12M Revenue is expected to grow by 6.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 6.26.

Simple moving average of Tupperware Brands Corp (TUP) Forbes AI Investor

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