Which stocks would you pick if you would have $5k to go long on one stock and $5k to short one?

Given the current chaotic market environment, what stocks would you point out that are undervalued respectively overvalued?

Some personal ideas:

• Energy stocks will come down eventually once inflation slows down
• Same with defense stocks depending on how the war goes
• Some tech stocks hit 5 year lows and could become interesting again
• Reddit IPO comes closer