8 stocks with vulnerability in beta – Oppenheimer

Oppenheimer analysts selected eight sell-rated stocks that have vulnerability in beta.

These stocks have a high beta value (beta value higher than 1). They are more volatile, risky and are currently rated “sell” by Oppenheimer analysts. However, volatility in beta does not mean guaranteed underperformance.

These stocks show a bearish trend on breakdowns below their 2021 peak, analysts said in a technical analysis note.

• Advanced Micro Devices Inc. (AMD) – Down 4.10% year-to-date
• Microchip Technology Inc. (MCHP) – Down 17.59% year-to-date
• QUALCOMM Inc. (QCOM) – Up 14.53% year-to-date, but down 2.18% in the past month.
• Skyworks Solutions Inc. (SWKS) – Down 21.39% year-to-date
• Western Digital Corp. (WDC) – Up 25.07% year-to-date, but down 9.78% in the past six months.
• Crowdstrike Holdings Inc. (CRWD) – Up 17.03 year-to-date, but down 5.94% in the past six months.
• MGM Resorts International (MGM) – Down 17.82% year-to-date
• Airbnb Inc. (ABNB) – Up 0.10% year-to-date, but down 15.88% in the past six months.