Stocks to sell

Anything is possible on Wall Street. For all we know, Lucid Group (NASDAQ:LCID) stock might stage an improbable turnaround in 2024. LCID stock is only rated “D” due to lack of evidence supporting an unlikely scenario. Without the help of some unanticipated catalyst this year, Lucid just won’t be a high-confidence pick. Please don’t get the wrong idea. The
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In December 2022, I discussed three overpaid CEOs and why investors should sell their underperforming stocks. One of the CEOs was Chad Richison, the founder and chief executive of Oklahoma-based Paycom Software (NYSE:PAYC), a cloud-based payroll and human capital management software provider. PAYC stock had gone sideways for 36 months. I wasn’t impressed.  Paycom shares
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Despite the growth of Electric Vehicle (EV) sales in the U.S., the electrification transition has faced challenges. Lucid (NASDAQ:LCID) is among the leading EV players many investors are watching. LCID stock delivered 1,457 vehicles in Q3, falling short of the expected 2,000, possibly influenced by charging infrastructure and affordability issues. Lucid revised its fiscal 2023
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In the forcible crypto world, overlooked currencies continue to gain value, creating complexity for investors. Amid recent gains, discerning and selling cryptos with little upside is vital. Despite widespread optimism in the cryptocurrency space, particularly for leading mega-cap cryptos, caution is advised. Not all cryptocurrencies are worthwhile; some meme tokens are best avoided due to
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Viewing Tesla (NASDAQ:TSLA) solely as an automaker is unjust; software, especially the Full Self-Driving Suite, plays a substantial role in its evolving business model. Analyst Mark Delaney from Goldman anticipates potential annual revenue in the tens of billions from the software offered by TSLA stock offerings by 2030, offering a recurring income stream.  Despite this
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The shares of battery maker QuantumScape (NYSE:QS) rocketed higher earlier this month on news that its solid-state battery can be charged over 1,000 times without degrading. Unfortunately for the long-term outlook of QS stock, this characteristic, while certainly positive, does not address the main “pain points” facing drivers and automakers. Moreover, QS has at least
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There’s no denying that Nio (NYSE:NIO) ended 2023 on a high note. The China-based EV maker’s “Nio Day” in December boosted NIO stock. Another development also helped to bolster sentiment for this popular play among those bullish on the vehicle electrification trend. However, as seen in more recent trading days, said rebound in sentiment is
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In the investment space, uncovering stocks to sell with potential pitfalls is as crucial as identifying opportunities. This comprehensive review zooms in on the recent moves of three prominent companies that have sent ripples through the market. These aren’t just fluctuations, but indicators of underlying operational vulnerabilities, providing essential insights for investors seeking portfolio resilience.
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