With the market selling off today, it seems counterintuitive for the average retail investor to add to their long equity positions -- especially in highly leveraged names.
However, this is exactly what the "smart money" does -- they look for stocks with good, liquid balance sheets, high short interest (fuel for a rally) and a reason to move higher (a catalyst).
So today Benzinga went on the lookout for names with short interest greater than 9.5%, high liquidity metrics, positive institutional flow over the previous quarter, and earnings dates on the horizon (during August). Here are some names to consider adding to your trading portfolio.
Ciena Corp. (Nasdaq:
CIEN -
News) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. It competes with the likes of
Cisco Systems (Nasdaq:
CSCO -
News) and
Infinera Corp. (Nasdaq:
INFN -
News) and just recently announced the acquisition of Nortel Networks Corporation's Metro Ethernet Networks business.
(more)
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