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February 3, 2021 4:16 AM newsfeedback@fool.com (Matthew Frankel, CFP)
Posted:
Updated:
February 4, 2021 10:18 AM
Obviously, nobody has a crystal ball that can predict how the stock market, or any part of it, will perform over any certain time interval. After all, in March 2020, who would have predicted that the market would have ended the year
higher than where it started?
That said, there are some stocks that have been major beneficiaries of the stay-at-home economy, and others that could stand to benefit more than others as the COVID-19 pandemic starts to (hopefully) wind down in 2021. With that in mind, there are some index fund ETFs that could significantly outperform the
FAIRFIELD-SUISUN, CALIFORNIA
AMC John R 15 movie theater in Madison Heights, Mich. is closed due to COVID-19 infection rate spikes and has closed signs posted on the front doors on Nov. 21, 2020. (Kimberly P. Mitchell/Detroit Free Press/TNS)
In volatile market, Rocket stock is among the heavily shorted
The angry online mob that hopes to watch hedge funds endure a long and painful financial death could end up rattling everyday investors along the way.
If the movement gains more steam, it has a shot at impacting some names you might never imagine, maybe even a stock like Detroit-based Rocket, should traders move on from GameStop and other names to new heavily shorted stocks.
So what
There are two stories taking shape at Tanger, which owns a collection of outdoor outlet centers. The long-term story is that the retail sector has been struggling through a difficult period marked by a combination of the so-called retail apocalypse and the coronavirus pandemic. With companies closing physical stores or, worse, going bankrupt, REITs like Tanger have been left trying to find new tenants. It s a slow process in the best of times; today, retenanting a property is even more difficult.
Image source: Getty Images.
But that s the fundamental story behind Tanger s situation. It s only partially related to the story that s driving today s drop. Indeed, the long-term headwinds that Tanger has been facing resulted in a large short position in the stock, prompting a prominent Reddit message board to attempt a short squeeze. At one point just a few days ago, the stock rose up more than 75% for the year. Including today, however, the shares have now fallen 26% from tha