Top Stocks To Short Today As Investors Anticipate Markets To Drop

Top Stocks To Short Today As Investors Anticipate Markets To Drop

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Investors did not cheer the passage of the latest stimulus package. On the other hand, there was a bit of a “too little too late” reaction, combined with spooked investors dumping COVID-recovery stocks due to a new strain found in the U.K. that may be more infectious and contagious. After dropping by as much as 600 points in premarket trading, the Dow Jones fell 320 points, or 1.1%. The S&P 500 also shed 1.4% and Nasdaq



NDAQ

fell 1.0%. Travel stocks were predictably the largest laggards of the day thanks to more severe lockdowns and travel restrictions. Norwegian and Royal Caribbean



RCL

each fell more than 6%, Delta Air Lines



DAL

lost 5%, and hospitality companies such as Wynn Resorts



WYNN

fell as well. However, other stocks hit highs today. Nike



NKE

hit an all time high, while financial stocks Goldman Sachs



GS

and JP Morgan each hit a year-and-a-half high and 9-month high, respectively. The market is also experiencing massive volume