3 Stocks for a Market Crash
They are: The Ultimate Software Group (ULTI), LinkedIn Corporation (LNKD), and Loral Space & Communications (LORL).
Why these 3 stocks? They are all in Tech, which typically drops hard during a risk-off situation like today's -50 point bloodbath in the Nasdaq.
Secondly, they are all severely over-valued. All three have a P/E >50 and a Forward P/E >50. Shares could literally be cut in half and valuations would still be suspect.
And lastly, LNKD and ULTI are trading +100% above their 52 week low. LORL is trading at 70% above its 52 week low.
Mastery Bottom Line
We don't know if a market crash is coming. However, recent market conditions have been less than stellar.
Keep these stocks on your radar as potential trades on the short side if we roll-over here.
Ultimate Software Group Inc (ULTI)
Over the past 12 months Ultimate Software Group Inc (ULTI) shares have traded between $49.08 and its 52-week high of $106.40. Ultimate Software Group Inc shares are now trading with a P/E Ratio of 419.8 and EPS of 0.24.
Over the past 12 months LinkedIn (LNKD) shares have traded between $55.98 and its 52-week high of $125.50. LinkedIn Corp shares are now trading with a P/E Ratio of 1008.7 and EPS of 0.12.
Loral Space and Communications (LORL)
Over the past 12 months Loral Space and Communications Inc (LORL) shares have traded between $51.90 and its 52-week high of $82.48. Loral Space and Communications Inc shares are now trading with a P/E Ratio of 175.9 and EPS of 0.85.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Why A "Dollar" Should Only Be A Name For A Unit Of Gold | ZeroHedge
- Explosion Reported Near Refugee Center in Zirndorf, Germany - Live Feed | ZeroHedge
- IRS Launches Investigation Of Clinton Foundation | ZeroHedge
- DNC Grand Finale: Ladies Night, Hillary Unleashed (And Katy Perry!) - Live Feed | ZeroHedge
- What To Expect When You're Expecting The FOMC | ZeroHedge
- Frontrunning: July 28 | ZeroHedge
- Bernie Sanders Leaves The Democratic Party | ZeroHedge
The most relevant financial news and articles from the Internets
- 'The Walking Dead' is filming two versions of big scenes for season 7 | Business Insider
- Dan Loeb is betting on China's answer to Uber | Business Insider
- 'Sesame Street' is being accused of age... | Business Insider
- 8 beautiful micro-homes that re-think traditional living spaces | Business Insider
- Fully understand the IoT with this report | Business Insider
- 10 gadgets for the millionaire who has everything | Business Insider
- One of Notorious B.I.G.'s songs explains what's going on with the Bank of... | Business Insider