Top Stocks To Short Today As Dow Ends Losing Streak With Gains

Stocks were set to sharply rise today after slumping for three days in a row. The Dow jumped 192 points higher or 0.6%, while the S&P 500 gained 0.4% and the Nasdaq NDAQ +0.4% gained 0.17%. Today’s tone has certainly shifted after jobless claims disappointed yesterday.

Retail sales in September jumped by 1.9%, easily beating estimates of 0.7%. Sales excluding autos were also up 1.5%, easily eclipsing the 0.4% estimate. Pfizer PFE +3.8% also spurred markets higher after estimating that their vaccine would be ready for use by late November once passing certain safety milestones. Boeing BA +1.9% also led the Dow with gains of 5% after Europe’s aviation regulator said that the 737 Max jet is safe to fly again. Concerns are still rampant regarding the election, stimulus, and new COVID lockdowns in Europe, however, stocks are certainly cheering the data today. The deep learning algorithms at Q.ai are here for you to navigate these markets, and have crunched the data to give you a set of Top Shorts.

Our Artificial Intelligence ("AI") systems assessed each firm on parameters of Technical, Growth, Low Volatility Momentum, and Quality Value to find the best short plays.

Cedar Fair Lp (FUN)

Cedar Fair Lp is our first Top Short of the day. The company is a holding company best known for Ohio based amusement park Cedar Point. Our AI systems rated Cedar Fair D in Technical, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 0.04% to $26.08 on volume of 344,549 vs its 10-day price average of $27.28 and its 22-day price average of $27.94, and is down 52.89% 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 compared to $3.79 three years ago, and ROE was 1535.55% in the last year compared to 300.39% three years ago. Forward 12M Revenue is also expected to grow by 119.93% over the next 12 months.