Top Stocks To Short Today As Rising Bond Yields Send Stocks Down

SourceForbes
SectorFinancial Markets
CountryMiddle east

Growth stocks, especially tech, continued to be spooked by rising bond yields. Although the Fed still plans on keeping its target interest rate low, rising bond yields could hurt high-growth companies that rely on low borrowing rates. It could also be an ominous sign for the return of inflation. While COVID cases continue to trend downwards, and the vaccines continue to chug along, this could now potentially be the biggest risk to equities.

With the 10-year hitting its highest level in over a year, the road back to normalcy is both a blessing and a curse. The Dow Jones dropped 120 points, the S&P 500 fell 0.7%, led by tech and consumer discretionary, and the Nasdaq NDAQ -1.9% declined 1.1%. 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. ...read more...