With this year’s stock market downturn, it may seem too late to figure out which stocks to sell. Yet while major indices are down massively from their all-time highs, and scores of individual stocks have experienced far more severe price declines, many stocks still may have a ways to go before reaching their respective “bottoming
Stocks to sell
Although contrarianism captured headlines through the first two years of the coronavirus pandemic, it’s now time for investors to consider the topic of short-squeeze stocks to sell before traders cash out. Fundamentally, when bears target weak companies, it’s usually for glaring vulnerabilities. Bidding such equities up doesn’t usually represent a high probability of success. In
The U.S. Department of Labor recently proposed a key rule change that may hurt gig economy stocks. This update will make it tougher for gig employers to treat their workers as independent contractors. In many cases, these companies will be forced to categorize some of their workers as employees. There’s a reason for this rule
As some of the few travel stocks that have failed to fully recover from the pandemic, plenty of investors have tried to bottom-fish in cruise-line names like Carnival (NYSE:CCL) stock. Unfortunately, these contrarian wagers have failed to pan out. Investors who have dabbled in CCL or its peers haven’t reaped substantial gains. Instead, going against
This vicious bear market has spared very few firms in 2022. The S&P 500 has slipped more than 23% so far and it increasingly feels that things are getting worse. The Fed continues to reiterate that it foresees aggressive rate hikes ahead until inflation is brought under control. Thus, this sort of environment very likely
While investors are hoping for a quick end to the current bear market, recent data signals it’s not likely to be over soon. The September core consumer price index, which excludes food and energy prices, hit a 40-year high. This, combined with the fact that the labor market remains strong, nearly guarantees the Federal Reserve
I can see why contrarian investors may be interested in XPeng (NYSE:XPEV) stock. Shares in China-based electric vehicle (or EV) companies have fallen out of favor among investors, but the shift in sentiment has been the most dramatic among this particular name. As a result of its extended price decline since June, Xpeng has become
Carnival (NYSE:CCL) stock is quite different than it was prior to the Covid-19 pandemic. Long gone are the days when the cruise operator could confidently raise its cruise fares. Getting passengers back on Carnival’s ships during a time a high inflation will be a major challenge. So, even though Carnival showed top-line improvement during its most
Although the electrification of transportation may very well be the future, not every sector player will rise to meet the challenge, thus boding poorly for certain electric vehicle stocks to sell now. Whether Wall Street has trouble believing in their viability or their business plans don’t align with fundamental realities, these companies might not have
California-based electric vehicle (EV) startup Mullen Automotive (NASDAQ:MULN) is trying to succeed in a crowded field. The company needs a catalyst to get ahead of its competition. So far, however, it looks like Mullen is good at spending money but not at turning a profit. Besides, the company’s vehicles don’t seem to offer anything that
Since September, excitement for Nio (NYSE:NIO) stock has cooled down again. After surging on analyst upgrades, shares in the China-based electric vehicle (or EV) maker have fallen back considerably, as headwinds in its home market weigh on shares. Nio is being indirectly affected by the myriad of challenges the Chinese economy is now facing. More directly,
This market downturn has not hit all stocks equally. While the major indices are down between 20% and 35% on the year, many stocks are down 70% or more in 2022. Although it might make sense to hold onto some tried-and-true stocks through the current downturn, there are some securities that investors would be better
With reasonable valuations, and the possibility of steady returns via high dividends, telecom stocks can be very appealing to investors. Yet while you may be interested in adding names from this sector to your portfolio (especially during today’s high market volatility), there are plenty of telecom stocks to sell and/or avoid. Most of these telecom
In recent coverage of SoFi Technologies (NASDAQ:SOFI) stock, I’ve provided two key reasons as to why it’s not worth buying. First, the market is overestimating the impact of its student loan catalyst. Second, taking into account long-term earnings forecasts, a recovery for the fintech firm’s shares at best may only entail a move back to
Suffice it to say that 2022 is a tough year to be a mortgage origination specialist like Rocket Companies (NYSE:RKT). Frankly, RKT stock has behaved like a rocket that ran out of fuel. That’s because high mortgage rates have deterred home-buying activity. This situation won’t likely resolve anytime soon as the U.S. Federal Reserve, or
Times have been tough for Peloton Interactive (NASDAQ:PTON) stock lately. Its financials have been terrible, and some high-level executives are leaving. Investors who are counting on Peloton’s deal with Dick’s Sporting Goods (NYSE:DKS) to make everything better shouldn’t hold their breath. Remember how Peloton was a darling of the markets during the spread of Covid-19 in early
All signs are pointing to the Republicans winning the majority of the House in the 2022 midterm elections. Still, one or more “October surprises” could materialize that could conceivably prevent the GOP from gaining a majority. So, just in case one or more of those scenarios (such as peace in Ukraine and a sudden deceleration
I’ll be the first to acknowledge that there’s some cache to being a Dow stock. But that doesn’t mean investors should be obligated to buy. When the market turns, sometimes those names become Dow stocks to sell – and that’s where we are today. Of course, it first pays to know exactly what a Dow
Check out recent headlines about Carvana (NYSE:CVNA) stock, and you may start to think the opportunity to bottom-fish in this former stock market high-flier has emerged. Since last year, shares in this automotive e-commerce company have fallen by more than 94%, from an all-time high of $370.10 per share to around $20 per share today.
Cryptocurrencies are still facing a myriad of issues. For one, the value of most cryptos are still hovering around 52-week lows. Two, the Biden Administration is looking to regulate the sector intensively. Three, there are concerns about the impact Bitcoin (CCC:BTC-USD) miners are having on the climate. I also believe the chances of crypto mining being greatly