Every once in a while I will run a screen to find stocks that might be overvalued. This can serve to identify candidates for short sales. After a nice upward move in the market, coupled with increased bullishness among market pundits, searching for some shorts to hedge seems reasonable.
I screened for U.S. companies with market caps of at least $2 billion that sport price-to-sales and price-to-book ratios of at least 10. The screen yielded nine stocks, which are listed below in alphabetical order.
Akamai Tech (NASDAQ:AKAM)
Amylin Pharma (AMLN)
CBOT Holdings (BOT)
Chicago Mercantile Exchange (NASDAQ:CME)
Intercontinental Exchange (NYSE:ICE)
Las Vegas Sands (NYSE:LVS)
Ultra Petroleum (UPL)
Vertex Pharma (NASDAQ:VRTX)
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