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  1. Home
  2. / Investing
  3. / Stocks

Bearish Bets: 2 Well-Known Stocks You Should Consider Shorting This Week

These names are showing both technical and quantitative deterioration.
By BOB LANG
Mar 01, 2020 | 10:00 AM EST
Stocks quotes in this article: CCL, WBA

Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish.

While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names.

Carnival Corp.

Carnival Corp. (CCL)  recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.

Coronavirus is popping up everywhere and that has caused the travel industry to take it on the chin. Cruise operators in particular have been socked, with the public seeing images of passengers stranded on a ship when guests were diagnosed with the virus.

The damage is showing up in the charts, and Carnival is feeling the heat.

Moving average convergence divergence (MACD) is on a sell signal while the cloud is pointed lower. There is not much relief here as the stock is fully exposed. Money flow is bearish; this stock is headed to the $20s.

CCL is a good short here.

Walgreens

Walgreens Boots Alliance Inc.  (WBA)  recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.

This drugstore chain has had its troubles since breaking lower in November and has lost 25% since then. That's extremely bearish, but it's even worse as the stock was the worst performer in the Dow Jones Industrials for weeks.

The recent selling has been unrelenting, with awful money flow and the relative strength with a steep downtrend. The cloud is also red and MACD just turned lower for a renewed sell signal.

This commentary is an excerpt from "5 Bearish Bets" a weekly feature sent to subscribers of Trifecta Stocks. Click here to learn more about this portfolio, trading ideas and market commentary product.
 
Want to find out the three other stocks we think look good short this week and how to play them? Click here for a trial subscription to Trifecta Stocks and get "Bearish Bets" each week!
 
-- Bob Lang and Chris Versace are co-portfolio managers of Trifecta Stocks.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Lang and Trifecta stocks had no positions in the securities mentioned.

TAGS: Short-selling | Investing | Markets | Stocks | Trading | Bearish Bet | Quant Ratings | Trifecta Stocks | Coronavirus

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