Though the Federal Reserve’s aggressive actions against skyrocketing inflation delivered results, it may not be enough to spare all companies in the consumer discretionary space. Thus necessitating a discussion about stocks to sell. Keep in mind that this narrative doesn’t center on hating or bashing affected enterprises. Rather, investors just need to appreciate certain realities.
Stocks to sell
Scores of technology stocks have been hit hard in the past year, but Exela Technologies (NASDAQ:XELA) in particular has really taken a tumble. Over the last twelve months, XELA stock has plunged by nearly 99.6%. Investors who have held onto it since last year have likely written it off as a total loss. Yet with
It’s perfectly fine to have a strong conviction in new-energy vehicles. However, this doesn’t mean you should invest in electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ:RIVN). Sure, RIVN stock popped in January, but the likelihood of a long-term rally is low because Rivian will have difficulty gaining market share against its most powerful competitors. It’s not
On the heels of recent spy balloon incidents, tensions between the U.S. and China are again on the rise. What does this mean for shares in China-based EV maker Nio (NYSE:NIO)? Admittedly, not much. Sure, while it may serve to re-heighten past de-listing fears for NIO stock, for now, it does little to change the story
As seen in recent headlines, investors have reacted unfavorably to Lucid Group’s (NASDAQ:LCID) plans to reduce the price of some of its vehicle models. To some, this may seem like a strange reaction, but a pullback for LCID stock due to this news appears to be appropriate. Unlike with the vehicle price cuts implemented by
At first glance, Exela Technologies (NASDAQ:XELA) might seem like a high-conviction business to invest in. Cautious financial traders should be wary of XELA stock, though. Exela’s fundamentals are subpar, and it’s possible that the company could be delisted in the near future. Texas-headquartered Exela Technologies specializes in a niche field known as business process automation (BPA).
Are we really back in a bull market? Not everyone is convinced. Many analysts, economists, and market commentators say the rally in equities in recent weeks is yet another bear market bounce, and we will soon see stock prices test new lows. Some commentators, such as famed investor Michael Burry, say that valuations remain too high and
A few weeks ago, it seemed as if “meme mania” for Lucid Group (NASDAQ:LCID) was returning for an encore. As I discussed in my last article on LCID stock, thanks to an unconfirmed buyout rumor, shares in this electric vehicle (or EV) maker made a “to the moon” move, to as much as $17.81 per
If you bought Mullen Automotive (NASDAQ:MULN) after its mid-January pullback, chances are you are sitting on moderate gains right now. Thanks to two factors, MULN stock has rallied from 28 cents to 38 cents per share, or by around 35.7%. While a nice gain in such a short span of time, I can see you
Finding stocks to sell that analysts are pessimistic about is a tough one. That’s because analysts are in the business of making their investment banking clients (or potential clients) look good. Consequently, you’ll often see many investment firms with hold ratings on particular companies. Of course, that indicates a negative view of a stock, but
Meme-stock traders on Reddit might be enamored with used-car retailer Carvana (NYSE:CVNA), but does this mean you should expect a sustained rebound in CVNA stock? Before jumping into a hasty trade, consider Carvana’s fundamentals. Then, you’ll probably decide not to take a share position. Sometimes, overeager traders will use any piece of news as an excuse
The stock market’s strong 2023 start is at risk of failing, suggesting that investors consider stocks to sell. Last week, the S&P 500 fell by 1.05%. The uptrend lost momentum when the index approached around 4,200. The market top could encourage investors to take profits. When strong momentum and positive sentiment lifted weak companies with
Rivian Automotive (NASDAQ:RIVN), like other electric vehicle stocks, has moved lower recently after rallying from mid-January to early February. Sure, the stock market’s overall direction has much to do with this RIVN stock pullback. However, it’s possible that a shift in sentiment has also played a role. That is, investors are likely catching on that
Earlier this year, electric vehicle battery manufacturer QuantumScape (NYSE:QS) seemed to be on the cusp of a comeback. QS stock was unstoppable for a little while, even though there was no company-specific catalyst. Reality could set in quickly, though, so it’s wise to maintain a safe distance from QS stock for the time being. To modify
Over the last few weeks, scores of stocks have come back stronger than ever. Unfortunately, many of those are now leading the list of stocks to avoid. All, as concerns about inflation, interest rates, and a possible recession rise again. AI C3.ai $22.99 CVNA Carvana $10.84 NFLX Netflix $347.36 NVDA Nvidia $212.65 SOFI SoFi Technologies $6.81
Tech stocks have come roaring back to start 2023. And in many cases, that is for good reason. The tech industry saw shares plunge in 2022, and many good companies got thrown out with the proverbial bathwater. That said, not everything in the tech sector is set for a significant recovery, at least not immediately. Layoffs
Like many investors, Cathie Wood didn’t have a great 2022. In fact, her flagship ARK Innovation ETF (NYSEARCA:ARKK) was down about 67% over the last 12 months, as of Jan. 31. Sure, much of the downside was a result of excessive market bearishness, but Wood also made some bad picks along the way. For example, some
Experienced investors should review their portfolios for meme stocks to sell. January’s market rebound brought back buying in outdated meme stocks, but it’s time to get out while you can. When the Federal Reserve limited the economic damage of the 2020-2021 pandemic, it eased lending. Inexperienced investors could not tell that the Federal Funds rate
For a while, it seemed as if Amazon (NASDAQ:AMZN) was invincible and invulnerable. AMZN stock just kept marching higher regardless of macroeconomic conditions. Now, however, the tide is turning. A huge share selloff, due to some alarming data points and a statement from the CFO, showed that Amazon has problems that won’t necessarily be resolved anytime
Despite the recent rally in stocks, it looks like investors will have to endure volatility – and rising interest rates – for a bit longer. That means it’s time for you to look at stocks to sell. After a rough year in 2022, you can’t blame investors for having a little bit of “irrational