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7 ‘Loser’ Stocks to Short for Big Profits

stocks to short - 7 ‘Loser’ Stocks to Short for Big Profits

In 2022, I was able to greatly reduce my stock portfolio’s losses by shorting several U.S. equities. I found it fairly easy to find favorable stocks to short, as the valuations of many companies were ridiculously high last year, and many stocks were pricing in scenarios that almost certainly would never materialize.

For example, I found the idea of massage provider XpressSpa — now known as Xwell (NASDAQ:XWELL) — becoming a Covid-testing powerhouse . . .

Written by biedex markets