The ‘smart money’ is buying only five of 11 popular tech stocks — and selling one

The stock market has had nearly a straight-up move since Christmas Eve. Technology stocks have been especially strong.

• As the chart shows, smart money flows — those from professional investors — are very positive in only two popular tech stocks: Alibaba BABA, -0.81% and Facebook FB, +0.36% Short squeezes A short squeeze occurs when short sellers either panic or are compelled to buy to cover shares that were previously short sold. This leads to a lot of artificial buying that is not based on fundamentals.

Risk-adjusted rankings are more useful for medium- and long-term positions. Non-risk-adjusted rankings are more useful for short-term or trade-around positions.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New-home sales rise in February to 11-month high, but earlier figures are revised lowerSales of newly-constructed homes were much higher in February, but earlier months’ data were marked down, leaving the housing market plodding just ahead of...
Source: MarketWatch - 🏆 3. / 97 Read more »

11 Discounts That Can Lower Your Car Insurance PremiumsAnyone who has spent any time watching television or surfing the web has no doubt encountered the blizzard of advertisements by big auto insurance companies—from GEICO to State Farm to Progressive. Insurers compete fiercely for new clients, not just with ads, but with an array of discounts. Yet surp
Source: Forbes - 🏆 394. / 53 Read more »