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
- The Job You Want, the Pay You Deserve, and the Education You Can Afford | Financial Sense
- US Supreme Court To Decide What Constitutes Insider Trading | ZeroHedge
- Deja Deja Deja Vu All Over Again | ZeroHedge
- The Turkish Enigma | Financial Sense
- Pause, Reload, Then Shoot | iBankCoin.com
- Market Update - Recession Risks, Credit Markets, and Investor Sentiment | Financial Sense
- Greek Bonds Tumble As Tsipras Threatens Snap Election | ZeroHedge
The most relevant financial news and articles from the Internets
- Experience what it’s like to be in the center of a powerful storm... | Business Insider
- Having blown it on Uber, investor Gary Vaynerchuk shares his lessons... | Business Insider
- Rio Olympics' biggest problem is 'polluted bay': IOC... | Business Insider
- After more than a decade revolutionizing comedy, here's what Jon Stewart is doing next... | Business Insider
- Taliban announce Mullah Akhtar Mansour as new leader... | Business Insider
- Another on-demand startup just turned... | Business Insider
- Boehner wants to end the US oil export ban | Business Insider