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
- Is The Fed "Seriously Considering" Negative Interest Rates? | ZeroHedge
- Spend or Die! The Era of Negative Interest Rates | Financial Sense
- Russian-OPEC Production Cut Remains a Long Shot | Financial Sense
- Oil Bulls Beware: Gartman Is No Longer "Manifestly Bearish Of Oil" | ZeroHedge
- Facebook's War On Freedom Of Speech | ZeroHedge
- FANGs Crash Most Since August's "Black Monday" Collapse | ZeroHedge
- Volcano Erupts "Spectacularly" 50km From Japanese Nuclear Plant | ZeroHedge
The most relevant financial news and articles from the Internets
- These graphics explain how the world's best pilots perform death defying tricks | Business Insider
- If Aleppo falls, Putin could get the military prize... | Business Insider
- Donald Trump and Marco Rubio could be top targets... | Business Insider
- THE PAYMENTS ECOSYSTEM:... | Business Insider
- The case for why Yahoo should buy eBay (YHOO) | Business Insider
- Carson: I had to go home for clothes because 'I grew up to preserve what... | Business Insider
- The original 'Game of Thrones' pilot was a total trainwreck before they changed... | Business Insider