Ceva And Carvana Among Today’s Top Shorts As April Jobs Data Shockingly Disappoints

Ceva And Carvana Among Today’s Top Shorts As April Jobs Data Shockingly Disappoints

The Nasdaq NDAQ this morning shattered its worst losing streak since October. After high-flying growth stocks dropped by double digits yesterday, such as Fastly, Rocket Mortgage, and Etsy, we saw a sharp return to the pandemic trade. On the one hand, reopening stocks panicked at the shockingly disappointing April job numbers, which came in at 266, 000 compared to the estimate of 1 million. They also did not like that bond yields fell 5 basis points and that unemployment came in at 6. 1% compared to the forecasted 5. 8%. But, like it or not, the tech stocks cheered this. The Dow remained flat, while the S&P rose 0. 3%, and the Nasdaq popped 0. 8%. Many investors began the week concerned that the Fed would have to hike interest rates sooner than expected, especially considering Treasury Secretary Janet Yellin's comments. But, if these results show us anything, we may not be as close to normal as we once thought. If you're looking for a way to play this market, the deep learning algorithms at Q. ai have crunched the data to give you a set of Top Shorts. Our Artificial Intelligence ("AI") systems assessed each firm on parameters of