Best Companies To Short As Tech Stocks Continue To Fall

It looks like we might be in for a negative day, at least for the morning session in stocks. Stocks were falling, led by tech shares, as the latest earnings and economic data were released. Facebook, Amazon AMZN, and Netflix NFLX were all sharply lower, with the latter set to report earnings today after the closing bell. Bank of America BAC continued the strong bank showing this season by beating expectations, but the stock was lower by some 3% after setting aside more than expected for coronavirus-related losses, about $4 billion. Morgan Stanley MS beat expectations as well, on strong trading revenues, while health sector giant Johnson & Johnson JNJ was lower after dampening optimism on guidance.