Top Stocks To Short Today As Bond Yields Beat Up Tech Stocks Again
- Date: 24-Feb-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Top Stocks To Short Today As Bond Yields Beat Up Tech Stocks Again
getty
Growth stocks, especially tech, fell for the third day in a row thanks to rising bond yields and interest rate fears. Anxious investors were somewhat comforted by Fed Chair Jerome Powell's statement yesterday on the state of the economy, interest rates, and inflation, and the market saw a sharp reversal. But fears returned today, and tech shares pulled back again as the 10-year Treasury yield topped 1.4% to hit its highest level in a year. Although Tesla
TSLA
rose 2% after Ark Invest's Cathie Wood bought significant shares, Big Tech stocks such as Apple
AAPL
, Microsoft
MSFT
, and Amazon
AMZN
fell more than 1%. The Dow Jones dropped 100 points, the S&P 500 fell 0.5%, and the Nasdaq
NDAQ
plummeted by another 0.9%. 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 Technicals, Growth, Low Volatility Momentum, and Quality Value to find the best short plays.
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