Category Archives: Daily Top Ten

Topley’s Top 10 – January 21, 2021

1. It’s Not 1999 Yet.

Nick Maggiulli—Of Dollars and Data Blog

Markets often rhyme but rarely repeat

With the many eye-popping valuations of various technology IPOs in 2020, it can feel a bit reminiscent of 1999.  And while stock prices might be high, 2020 is no 1999.  Just take a look at the growth in the NASDAQ from 1995-1999 compared to 2016-2020 and you will see that it’s night and day:

This chart illustrates that there is a big difference between “bubble” and “BUBBLE.”  As my colleague Michael Batnick recently argued:

I don’t think the stock market is in a bubble, but it’s surrounded by them.  

Though we aren’t in 1999, some investors definitely are.  Markets often rhyme but rarely repeat.  

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Topley’s Top 10 – January 18, 2021

1. Best Performers 2021 -Decile of Stocks with the Highest Short Interest

Heavily Shorted Stocks Stand Tall in 2021-In the chart below, we show the average YTD performance of Russell 3000 stocks broken into deciles based on their short interest.  The decile of stocks with the highest short interest as a percentage of float have by far been the best performers YTD, up for an average of 14.16%.  Even excluding GME, the decile’s average YTD performance is a 13.93% gain.  As you move across the deciles with lower short interest levels, performance gets worse. The tenth decile of stocks which consists of stocks with average short interest levels below 1% of float has only risen 3.6% on average.

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