Top Stocks To Short Today As Dow Slips Following Poor Vaccine News

Markets are set to drop today as investors anticipate a big week of earnings and economic data. The Dow dropped 120 points, or 0.4, while the S&P 500 also dropped 0.46%, and the Nasdaq NDAQ dropped 0.03%. Investors have a very big week ahead. Apple AAPL will kick off the week today with their highly anticipated new iPhone unveiling. JP Morgan also kicked off third quarter earnings announcements today beating estimates at $2.92 per share vs. the consensus estimate of $2.23 a share. Revenue also beat forecasts and shares advanced over 1%. Blackrock BLK also crushed earnings estimates, coming in at an adjusted $9.22 per share compared to the consensus estimate of $7.80 a share. But all news was not good today, as stocks dropped amid the announcement that Johnson and Johnson was putting the clinical trial of its COVID-19 vaccine on hold due to an unexplained illness experienced by a participant in the study.

Lots of economic data will be released this week, starting with consumer price inflation data today. Producer price inflation data will be released tomorrow, while jobless claims will be announced Thursday, and retail sales, industrial production, and consumer sentiment Friday. Concerns are still rampant about a second COVID wave, a stimulus impasse, and uncertainty over the upcoming election. Markets have been on a tear to start October, but investors still harbor concerns. The deep learning algorithms at Q.ai are here for you, 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, Momentum Volatility, and Quality Value to find the best short plays.

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Eog Resources Inc (EOG) 

First on our list of Top Shorts is EOG Resources EOG . The Houston based company is an energy company focused on hydrocarbon exploration, and they were formerly associated with Enron before breaking away in 1999. Our AI systems rated Eog Resources D in Technical, F in Growth, F in Momentum Volatility, and C in Quality Value. The stock closed up 1.73% to $38.21 on volume of 3,806,503 vs its 10-day price average of $36.44 and its 22-day price average of $37.69, and is down 54.59% for the year. Revenue grew by 16.88% over the last three fiscal years and was $17076.08M in the last fiscal year compared to $11287.59M three years ago. Operating Income was also $3666.29M in the last fiscal year compared to $1069.74M three years ago, EPS was $4.71 in the last fiscal year compared to $4.46 three years ago, and ROE was 13.34% in the last year compared to 17.07% three years ago. Forward 12M Revenue is expected to grow by 5.22% over the next 12 months, and the stock is trading with a Forward 12M P/E of 28.51.

Macerich Co (MAC) 

Macerich Co MAC is returning to our list of Top Shorts today. The company is a shopping center REIT, and is the third-largest owner and operator of shopping centers in the United States. Our AI systems gave Macerich ratings of C in Technical, F in Growth, D in Momentum Volatility, and F in Quality Value. The stock closed flat at $7.52 on volume of 2,219,523 vs its 10-day price average of $7.34 and its 22-day price average of $7.25, and is down 71.0% for the year. Revenue was $976.43M in the last fiscal year compared to $1057.44M three years ago, Operating Income was $255.12M in the last fiscal year compared to $298.46M three years ago, EPS was $0.68 in the last fiscal year compared to $1.02 three years ago, and ROE was 3.41% in the last year compared to 3.85% three years ago. Forward 12M Revenue is also expected to grow by 0.56% over the next 12 months. 

Regency Centers Corp (REG) 

Our third Top Short of the day is yet another shopping center REIT- Regency Centers Corp REG . The Jacksonville, FL based REIT is another one of the largest operators of shopping centers in the US, and most commonly has grocery stores as anchor tenants. Our AI systems rated Regency Centers D in Technical, D in Growth, D in Momentum Volatility, and D in Quality Value. The stock closed up 0.43% to $39.75 on volume of 554,999 vs its 10-day price average of $39.47 and its 22-day price average of $39.15, and is down 35.55% for the year. Revenue grew by 6.52% over the last three fiscal years and was $1164.67M in the last fiscal year compared to $1021.08M three years ago. Operating Income was also $401.45M in the last fiscal year compared to $357.01M three years ago, EPS was $1.43 in the last fiscal year compared to $1.0 three years ago, and ROE was 3.82% in the last year compared to 3.83% three years ago. Forward 12M Revenue is expected to grow by 3.13% over the next 12 months, and the stock is trading with a Forward 12M P/E of 45.11.

Sabre Corp (SABR) 

Our final Top Short of the day is another familiar name returning to our list-Sabre Corp SABR . Sabre, which was founded by American Airlines AAL in 1960, is a travel technology company and the largest global distribution systems provider for air bookings in North America. Our AI systems rated Sabre C in Technical, F in Growth, D in Momentum Volatility, F in Quality Value closed down 0.72% to $6.85 on volume of 4,030,260 vs its 10-day price average of $6.79 and its 22-day price average of $6.63, and is down 69.89% for the year. Revenue was $3974.99M in the last fiscal year compared to $3598.48M three years ago, Operating Income was $379.88M in the last fiscal year compared to $563.02M three years ago, EPS was $0.57 in the last fiscal year compared to $0.87 three years ago, and ROE was 17.1% in the last year compared to 37.7% three years ago. Forward 12M Revenue is expected to grow by 23.0% over the next 12 months. 

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