Searching for Shorts

|
Includes: AKAM, BMY, BOT, CELG, CME, ICE, LVS, UPLMQ, VRTX
by: Chad Brand

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)
Celgene (NASDAQ:CELG)
Chicago Mercantile Exchange (NASDAQ:CME)
Intercontinental Exchange (NYSE:ICE)
Las Vegas Sands (NYSE:LVS)
Ultra Petroleum (UPL)
Vertex Pharma (NASDAQ:VRTX)

Comment on this article