High Beta Stocks Collapse: Netflix, Twitter, Facebook

High volatility stocks are taking a beating today as many are looking to reduce risk. The Federal Reserve will release their FOMC Policy Statement on Wednesday at 2pm ET and Scotland will be voting on its independence on Thursday. There is worry and an expectation that the Federal Reserve will adjust their language to insinuate an interest rate hike is closer than the market is expecting. Should the Scotland vote for independence pass, it will make waves in the currency and debt markets. With markets near all-time highs, smart traders are selling high beta names like Netflix, Inc. (NASDAQ:NFLX), Twitter Inc (NYSE:TWTR), Facebook Inc (NASDAQ:FB).


Gareth Soloway
InTheMoneyStocks.com