13 Stocks We're Shorting: Market Pros (Pt. 1)
William Noonan, chief executive of Contravisory Research & Management, and Jeff Middleswart, president of Behind the Numbers, discussed which stocks and sectors investors should be shorting. They discussed their best plays.
“I’d avoid China, investment banking and brokerage companies where there are high levels of uncertainty,” Noonan told CNBC.
“But I think we’re very close to a short-term bottom.”
Noonan said he is buying the consumer discretionary names, technology and some of the industrial cyclicals such as heavy equipment, aerospace and defense.
See Part 2 for Middleswart's outlook — and 8 short names.
Noonan is Shorting:
Goldman Sachs
JPMorgan
Morgan Stanley
Netease.com
Shanda Interactive
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Disclosures:
No immediate information was available for Middleswart or Noonan.
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