Drew Angerer/Getty Images
- Hedge funds are experts in shorting stocks, or bets that a stock will fall.
- To help traders have a better idea of the potential investing landmines, Bank of America Merrill Lynch has issued a list of stocks that markets are betting against the most.
- Most of the highly shorted stocks are from the discretionary and technology sectors.
Wall Street expects stock-market volatility to spike further in 2019.
And in a highly volatile market, it’s even more important to steer clear of potential investing landmines.
To help traders have a better idea of the potential pitfalls to avoid, Bank of America Merrill Lynch has issued a list of stocks that markets are betting against the most. Most of the highly shorted stocks are from the discretionary and technology sectors.
Here are the 12 stocks that markets believe will fall, in ascending order of their short interest as a percentage of float.
TripAdvisor
MI
Ticker: TRIP
Sector: Communication Services
Short interest as a % of float: 13%
Performance in the past 12 months: +64%
Source: Bank of America
Campbell Soup
MI
Ticker:CPB
Sector: Staples
Short interest as a % of float: 13%
Performance in the past 12 months: -30%
Source: Bank of America
Albemarle
MI
Ticker: ALB
Sector: Materials
Short interest as a % of float: 13%
Performance in the past 12 months: -44%
Source: Bank of America
Advanced Micro Devices
MI
Ticker: AMD
Sector: Technology
Short interest as a % of float: 13%
Performance in the past 12 months: +68%
Source: Bank of America
Coty
MI
Ticker: COTY
Sector: Staples
Short interest as a % of float: 14%
Performance in the past 12 months: -63%
Source: Bank of America
Macy’s
MI
Ticker: M
Sector: Discretionary
Short interest as a % of float: 14%
Performance in the past 12 months: +26%
Source: Bank of America
Nordstrom
MI
Ticker: JWN
Sector: Discretionary
Short interest as a % of float: 15%
Performance in the past 12 months:+1%
Source: Bank of America
Kohl’s
MI
Ticker: KSS
Sector: Discretionary
Short interest as a % of float: 15%
Performance in the past 12 months: +21%
Source: Bank of America
Microchip Technology
MI
Ticker: MCHP
Sector: Technology
Short interest as a % of float: 16%
Performance in the past 12 months: -22%
Source: Bank of America
Under Armour
MI
Ticker:UAA
Sector: Discretionary
Short interest as a % of float: 17%
Performance in the past 12 months: +18%
Source: Bank of America
Discovery
MI
Ticker: DISCA
Sector: Communication Services
Short interest as a % of float: 18%
Performance in the past 12 months: +22%
Source: Bank of America
Mattel
MI
Ticker: MAT
Sector: Discretionary
Short interest as a % of float: 20%
Performance in the past 12 months: -26%
Source: Bank of America
from Trendy News Today http://bit.ly/2C7W3SZ
via IFTTT
0 Comments