Arvinas Inc Ranked Among Today’s Top Shorts As Investors Await Upcoming Federal Reserve Meetings

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Monday was the first time in six sessions that both the Dow and S&P saw gains. The Dow Jones DOW jumped for a second straight day and rose about 80 points or 0.3%. The S&P 500 also rose 0.3% while the Nasdaq NDAQ added 0.4%. Many investors remain anxious that a significant correction could be on the horizon. But, if Monday and Tuesday’s potential gains tell us anything, last week’s selling may have been an overreaction. Producer prices last week showed a record jump of a record 8.3% for August. Yet, CPI data released on Tuesday showed inflation running way cooler than expected. Economists expected consumer prices to rise 0.4% month over month during August and 5.4% year over year. However, it came in at 0.1% and 5.3%, respectively. Meanwhile, all eyes are fixated on the Federal Reserve’s September 21-22 meetings, which could be a major market mover. 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, F in Low Volatility Momentum, and F in Quality Value. The stock closed down 2.69% to $94.46 on volume of 307,887 vs its 10-day price average of $89.75 and its 22-day price average of $87.76, and is up 12.67% for the year. Revenue grew by 45.9% over the last three fiscal years, while EPS grew by -85.58% over the last three fiscal years. 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. Forward 12M Revenue is expected to grow by 29.11% over the next 12 months, and the stock is trading with a Forward 12M P/E of 160.89.

MORE FROM FORBESArvinas (ARVN)

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Cinemark Holdings Inc (CNK)

Cinemark Holdings is our second 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 up 8.61% to $18.29 on volume of 5,781,486 vs its 10-day price average of $17.36 and its 22-day price average of $16.3, and is up 13.18% 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. 

MORE FROM FORBESCinemark Holdings (CNK)

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 down 1.11% to $326.06 on volume of 649,057 vs its 10-day price average of $328.86 and its 22-day price average of $342.12, and is up 38.0% 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.

MORE FROM FORBESCarvana (CVNA)

Plug Power Inc (PLUG)

Our fourth 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 0.21% to $24.21 on volume of 19,676,210 vs its 10-day price average of $25.83 and its 22-day price average of $25.63, and is down 24.74% 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. 

MORE FROM FORBESPlug Power (PLUG)

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 0.04% to $23.18 on volume of 510,741 vs its 10-day price average of $23.52 and its 22-day price average of $23.53, and is down 27.47% 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 6.66. 

MORE FROM FORBESTupperware Brands (TUP)

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