Hexcel Corp Ranked Among Today’s Top Shorts

SourceForbes
SectorFinancial Markets
CountryMiddle east

getty

We finally had it, a market selloff. Major indices were trading some 2% lower on the day yesterday, but today they are catching a bid, with the Dow gaining 1.3% as of this morning, trying to claw back losses. It would be a surprise to see only a one-day pullback this week, but in the last couple of years most major dips have been buying opportunities, so yesterday’s could end up no different.

There are some large signs of speculation getting ahead of itself — just look at the remarkable gain and subsequent crash in lumber prices this year, starting the year in the low $600 to a high of over $1,700, and now trading in the mid-$500s. Fiscal and monetary stimulus, at these levels, can produce some interesting results. All eyes will be on the weekly jobless claims and existing home sales coming out on Thursday for economic data points, as well as the continuation of earnings season. Not...read more...