10 Firms Defy Market’s Bullish Momentum

1. FTAI Aviation Ltd. (NASDAQ:FTAI)

FTAI Aviation Ltd. (FTAI) saw its share prices decline by 24.27 percent on Wednesday to close at $116.08 apiece following reports that a law firm was investigating the company for allegedly manipulating its financials.

The investigation stemmed from a report by Muddy Waters Research, alleging that FTAI by “materially manipulates its financials” by “exaggerating the size of its aftermarket aerospace business”, “misleading investors by presenting whole engine sales as individual module sales”, “inflating Aerospace Products’ EBITDA margins by means of over-depreciation in the leasing segment”, and “engaging in channel stuffing.”

FTAI Aviation (FTAI) is a company engaged in aftermarket power and maintenance for the most widely used commercial jet engines.

FTAI Aviation (FTAI) focuses on aviation leasing assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.

While we acknowledge the potential of FTAI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FTAI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.