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Oil & Gas Among Top Shorts Despite Market Rally

From forbes.com

With the S&P 500 now only down just over 8% year-to-date, there are likely a number of people wondering when the next pullback will be, given the dire economic situations. The rally has been impressive, surging 32% since the March 23 lows. However, not all companies are going to survive the pandemic, and our deep learning Artificial Intelligence (“AI”) solutions have identified a number of shorts today, as well as their corresponding factor scores. The first short is Velocity Financial Inc, a US based real estate finance company. With housing sales data dropping off a cliff today, as sales of existing home sales fell ... (full story)

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  • Category: Fundamental Analysis