It’s been a tough year for those in the business of shorting stocks, as a feared recession hasn’t arrived, which has allowed the beaten-down of Corporate America to survive, if perhaps not thrive. According to HFR, hedge funds have returned just 3% this year, which makes sense given the terrible results for managers who are shorting securities.
Who could’ve foretold such stellar gains? Well, Carvana CVNA was one of the stocks that was screened by this author earlier in the year as a so-called lottery stock. Then again, another name the screen threw up was Silvergate Capital, where shareholders have been entirely wiped out as the crypto-focused lender collapsed. Which is what you would expect from lottery plays — big winners and big losers.
And this is the result when screening New York Stock Exchange- and Nasdaq-listed stocks, with market caps of at least $500 million. Heading the list is Nikola, the EV truck maker, and Virgin Galactic, which is trying to send tourists into space. And this year the average performance for the 20 names on here is a stellar 86%.
The buzz Netflix stock NFLX slumped 8% as the streaming service provider reported weaker-than-forecast revenue, even as subscriber numbers topped estimates.
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Fuente: BusinessInsider - 🏆 729. / 51 Leer más »