The Dow Jones slid 130 points, while the S&P 500 fell 0.2%, and the Nasdaq declined 0.3%. Find opportunities in this market with today’s best short plays from Q.ai’s artificial intelligence.
After last week’s gains and the record closes for the Dow and S&P, the indices retreated led by tech stocks. The Dow Jones slid 130 points, while the S&P 500 fell 0.2%, and the Nasdaq NDAQ declined 0.3%. Earnings season has started off strong, and Coinbase’s IPO generated a buzz. However, Bitcoin tanked by as much as 19% from its record high over the weekend, causing stocks like Tesla TSLA and Coinbase to dip 2% and 3%, respectively. Bank stocks also fell despite last week’s strong earnings as investors took profits. 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. Sign up for the free Forbes AI Investor newsletter here to join an exclusive AI investing community and get premium investing ideas before markets open. Bandwidth Inc is our first Top Short today. Bandwidth Inc is a Communications Platform as a Service company, and sells software application programming interfaces for voice and messaging, using their own IP voice network. Our AI systems rated the company F in Technicals, D in Growth, C in Low Volatility Momentum, and D in Quality Value. The stock closed up 1.53% to $135.05 on volume of 626,817 vs its 10-day price average of $128.77 and its 22-day price average of $125.29, and is down 14.78% for the year. Revenue was $343.11M in the last fiscal year compared to $204.11M three years ago, Operating Income was $(0.6)M in the last fiscal year compared to $7.
