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Tuesday, September 21, 2021

The Long’s and the Shorts into the New Year


The Santa Clause rally that began last week has pushed indexes to record highs and left investors looking for sectors that are not overbought.

The S&P 500 Index is up 32.8% YTD with just 2 days of trading left, with returns strong across sectors at: Basic Materials+34%, Consumer Cyclicals +42%, Consumer Non-Cyclicals +29%, Energy +17%, Financials +33%, Healthcare +33%, Industrials +43%, Technology +61%, Telecommunication Services+10%, Utilities +26%.

Even with stock market indexes at all-time highs, the Bear camp has its favorite targets.

Stocks with a very high level of Short interest heading into the New Year include: GameStop (NYSE:GME), McDermott International (NYSE:MDR), Peloton Interactive (NASDAQ:PTON), National Beverage (NASDAQ:FIZZ), Shoe Carnival (NASDAQ:SCVL), Match Group (NASDAQ:MTCH), AMC Entertainment (NYSE:AMC), GreenSky (NASDAQ:GSKY), Tilray (NASDAQ:TLRY) and Tanger Factory Outlet Centers (NYSE:SKT).

Have a terrific Holiday weekend

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