I have shorted bunch of stocks when the market started tanking based on the metric that I developed. The debt of these shorts was one of the inputs to my model. Now I am revisiting the debt pure and simple. My thesis is that the already rate increases are going to have at least lingering effect on the companies with high debt.
I used this screen
https://finviz.com/screener.ashx?v=111&f=cap_large,fa_debteq_o1,fa_ltdebteq_o1,fa_pe_o35&ft=2&o=-pe
And from that screen I am looking at DLR, WYNN and UDR. The latter I am already short and I think they are going to struggle since they had to issue 300 million debt to cover 198 million debt that was coming due.
The other two things that are worth looking at is TMUS an S. After all there are just so many cell phones that can be used in the country. I was looking at TMUS to be short around $65 but it went up to $72 so I am not sure what is going on there. There is no way that all major cell phone companies can be making money at the same time and this late in the game. The market is already saturated.
I am guessing if we go through a housing mini crisis, VZ and ATT will struggle more since they have large residential components to their revenue through FIOS and U-verse.