It wasn't that long ago that the technology-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC )
was hitting a 13-year high. Sure, the government shutdown took a bit
of wind out of the Nasdaq's sails, but overall it's been an incredible
ride for an index that is now up 201% from its March 2009 closing low.
It's not hard to understand why so many high-growth stocks are
feeling the love as interest rates sit near record lows, which is
allowing for debt refinancing and borrowing at very attractive levels.
In other words, few tech companies have to worry much about lending
rates and are instead focused on expanding as fast as they can.
As we do each month, let's take a look at the Nasdaq's five most
hated companies -- in essence, the five most short-sold stocks. Why? So
we can see what characteristics they might share in order to avoid
buying into similar companies that have drawn the ire of short-sellers.
Here are the five most hated Nasdaq components as of Oct. 1: (more)
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