This is a new stock screen, falling into the defensive category. Basically, these stocks, on average, go up when the market is down and down when the market is up. Not always, but to say the least, they don’t tend to trade with the market to any degree of consistency. Essentially these stocks have a negative correlation to the S&P (not to be confused with negative returns). Does that mean you should go out and buy these stocks in a bear market? Not necessarily. Instead these are stocks that you can add to your watch-list and when the setup is right, and there is a good probability of success on the trade, including a positive reward/risk ratio, then you pull the trigger. One more thing worth mentioning is that none of the stocks listed below are UltraShorts of any kind.
Here are the 8 Contrarian Stocks