The markets have soared since Donald Trump won the presidency, with the Dow up 14.5% since Nov. 8. But that doesn’t mean every stock is climbing.
In fact, some of the best profit opportunities in the market can be found in the three top stocks to short, which are all dropping quickly.
The recent rally for the Dow is part of a much longer rally for the index. In the past year alone the Dow is up almost 21%, and it’s up 190% over its eight-year bull run.
While the markets as a whole may be rising, the top stocks to short today that we’re targeting have lost between 15% and 40% of their value in 2017 alone.
And the dips won’t stop there…
The losses stem from systemic issues that will be extremely difficult to overcome. And it’s not far-fetched to think these companies will eventually declare bankruptcy, driving share prices to $0.
Hot Bank Stocks To Own For 2017: Firsthand Technology Value Fund, Inc.(SVVC)
- [By Hibah Yousuf]
Similarly, Twitter is also the biggest holding in the Firsthand Technology Value Fund (SVVC). With just over 1 million shares of the social media platform, Twitter represents nearly 11% of the total portfolio as of mid-year. Shares of Firsthand Technology Value jumped more than 6% Friday.
Hot Bank Stocks To Own For 2017: ePlus Inc.(PLUS)
- [By Monica Gerson]
ePlus Inc. (NASDAQ: PLUS) is estimated to post its quarterly earnings at $1.21 per share on revenue of $284.62 million.
Tilly’s Inc (NYSE: TLYS) is expected to post a quarterly loss at $0.07 per share on revenue of $119.93 million.
Hot Bank Stocks To Own For 2017: Datawatch Corporation(DWCH)
- [By Lisa Levin]
Datawatch Corporation (NASDAQ: DWCH) shares were also up, gaining 14 percent to $8.10 after the company reported a narrower-than-expected quarterly loss.
Hot Bank Stocks To Own For 2017: Lennox International, Inc.(LII)
- [By Greg Williamson]
Watsco’s current P/E of 24.5 is in the same ballpark as its competitor Lennox International (NYSE: LII ) (NYSE: LII ) (NYSE: LII ) , whose P/E is 23.8. Lennox is a manufacturer of HVAC equipment and components, and will also benefit from HVAC industry tailwinds.
Hot Bank Stocks To Own For 2017: FXCM Inc.(FXCM)
- [By Lisa Levin]
FXCM Inc (NASDAQ: FXCM) shares dropped 53 percent to $3.24 after the company announced regulatory settlements with NFA and CFTC against its U.S. subsidiary, Forex Capital Markets LLC. Gain Capital Holdings Inc (NYSE: GCAP) agreed to acquire the client base of FXCM's U.S. operations after FXCM reported that it will be withdrawing from U.S. business.