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Financial stocks on Thursday appeared to be the only ones that liked the Fed’s rate hike projection yesterday. After a sharp sell-off on Wednesday, the market traded primarily flat despite a surprise rise in jobless claims, coupled with the Fed’s announcement. Outside of projecting two rate hikes in 2023, inflation estimates were adjusted to be an entire percentage point higher than March’s forecast. As the Dow Jones rose 30 points, the S&P 500 rose 0.1%, and the Nasdaq
NDAQ
was roughly flat, materials stocks lagged, and growth stocks lagged. 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
CNK
is our first Top Short of 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 A in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.81% to $22.5 on volume of 2,008,215 vs its 10-day price average of $22.64 and its 22-day price average of $22.79, and is up 39.23% 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 34.8% over the next 12 months.

MORE FROM FORBESCinemark Holdings (CNK)

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Southwest Airlines (LUV)

Southwest Airlines
LUV
is our second Top Short of the day. Southwest is one of the major airlines of the United States and the world’s largest low-cost carrier airline. It currently offers service to 115 destinations in the United States and ten additional countries. Our AI systems rated the company B in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed down 0.79% to $56.67 on volume of 5,947,704 vs its 10-day price average of $57.86 and its 22-day price average of $59.59, and is up 25.82% for the year. Revenue was $9048.0M in the last fiscal year compared to $21965.0M three years ago, Operating Income was $(5041.0)M in the last fiscal year compared to $3180.0M three years ago, EPS was $(5.44) in the last fiscal year compared to $4.29 three years ago, and ROE was (32.86%) in the last year compared to 25.29% three years ago. Forward 12M Revenue is expected to grow by 18.0% over the next 12 months, and the stock is trading with a Forward 12M P/E of 145.57.

MORE FROM FORBESSouthwest Airlines (LUV)

Sunnova Enrgy Intl Inc (NOVA)

Leading solar energy provider Sunnova is our next Top Short today. The Houston based company provides solar panels and batteries for homes across the United States. Our AI systems rated Sunnova F in Technicals, F in Growth, D in Low Volatility Momentum, and F in Quality Value. The stock closed up 3.94% to $33.27 on volume of 3,632,855 vs its 10-day price average of $30.72 and its 22-day price average of $29.39, and is down 26.13% for the year. Revenue grew by 7.12% in the last fiscal year and grew by 65.04% over the last three fiscal years, and EPS grew by -20.18% in the last fiscal year and grew by -85.44% over the last three fiscal years. Revenue was $160.82M in the last fiscal year compared to $104.38M three years ago, Operating Income was $(29.92)M in the last fiscal year compared to $(6.48)M three years ago, EPS was $(2.87) in the last fiscal year compared to $(15.74) three years ago, and ROE was (29.33%) in the last year compared to (13.73%) three years ago. Forward 12M Revenue is also expected to grow by 11.92% over the next 12 months.

MORE FROM FORBESSunnova Enrgy Intl (NOVA)

Microvision Inc (MVIS)

Microvision Inc is today’s fourth Top Short. Microvision develops laser scanning technology for projection, 3D sensing, and image capture. Our AI systems rated the company B in Technicals, F in Growth, D in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.03% to $20.63 on volume of 5,504,448 vs its 10-day price average of $21.07 and its 22-day price average of $18.01, and is up 295.97% for the year. Operating Income grew by -45.24% over the last three fiscal years, while EPS grew by -67.55% over the last three fiscal years. Revenue was $3.09M in the last fiscal year compared to $17.61M three years ago, Operating Income was $(14.06)M in the last fiscal year compared to $(27.22)M three years ago, EPS was $(0.1) in the last fiscal year compared to $(0.31) three years ago, and ROE was (541.89%) in the last year compared to (383.72%) three years ago.

MORE FROM FORBESMicrovision (MVIS)

Oak Street Health Inc (OSH)

Our final Top Short today is Oak Street Health Inc. Oak Street Health is a healthcare provider which operates under a value-based managed care model. The company, which went public last year, operates primary care clinics primarily focused on Medicare patients. Our AI systems rated the company C in Technicals, F in Growth, C in Low Volatility Momentum, and F in Quality Value. The stock closed up 2.01% to $56.32 on volume of 1,615,037 vs its 10-day price average of $57.86 and its 22-day price average of $59.82, and is down 1.19% for the year. Revenue grew by 10.75% in the last fiscal year and grew by 207.5% over the last three fiscal years, while EPS grew by -99.66% over the last three fiscal years. Revenue was $882.76M in the last fiscal year compared to $317.94M three years ago, Operating Income was $(181.35)M in the last fiscal year compared to $(75.71)M three years ago, EPS was $(0.55) in the last fiscal year compared to $(171.98) three years ago, and ROE was (96.28%) in the last year compared to (188.32%) three years ago. Forward 12M Revenue is also expected to grow by 11.95% over the next 12 months.

MORE FROM FORBESOak Street Health

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