The article covers the airline stocks to sell during the current downturn American Airlines (AAL): Gigantic debt load which will take years to reverse Allegiant Air (ALGT): Rising fuel costs will weigh down near-term results Delta Air Lines (DAL): Debt to equity ratio is concerning while DAL stock trades at a lofty valuation SkyWest (SKYW):
Stocks to sell
Growth stocks have performed well in 2021 as expectations and economic conditions were much different than in 2022. Things have changed dramatically as high inflation and rising interest rates have raised concerns about the odds of a recession and this has made a shift from investing in growth stocks to value stocks. On July 15,
News directly related to Nvidia (NASDAQ:NVDA), as well as market-related factors, keep putting pressure on NVDA stock. Hitting a new 52-week low earlier this month, shares in the chip maker could continue to struggle in the near term. With this, you may be wondering what lies ahead. Will it make a major comeback in 2023?
iBuying business Opendoor Technologies (NASDAQ:OPEN) revealed a collaboration with home buying and selling platform Zillow (NASDAQ:Z, NASDAQ:ZG) in early August. This didn’t help put struggling OPEN stock at all, as the remainder of August only brought more pain for Opendoor’s shareholders. Moreover, clues from the U.S. Federal Reserve about the housing market’s future indicate further potential downside.
Investors in Arizona-based Carvana (NYSE:CVNA) haven’t had a great 2022 so far. The worst probably isn’t over for CVNA stock yet, though. That’s because Carvana swung from a profitable to an unprofitable profile not long ago, which is worrisome. Besides, central bank policy in the U.S. hasn’t been friendly to businesses that make auto loans —
Whether or not you’ve dabbled in GameStop (NYSE:GME) stock before, you may be tempted to do so following the big drop over the past month. Down more than 41% since August, shares are showing a little life ahead of the videogame retailer’s earnings report at market close today. But before you decide to “buy the
The cruise line sector has taken quite the beating at the hands of the Covid-19 pandemic. Cruise ships were docked for the better part of the past couple of years, with travel and other social-distancing measures in place. Moreover, after December, omicron compelled the Centers for Disease Control and Prevention (CDC) to raise its warning
Global movie theater chain AMC Entertainment (NYSE:AMC) made a splash in the financial headlines when it issued AMC’s Preferred Equity (NYSE:APE) shares. CEO Adam Aron seems to enjoy attracting attention and rallying the troops (or apes) with stunts like this. However, it’s all a distraction from the company’s fiscal problems, so it’s wise to just avoid AMC
No matter your opinion on President Biden’s student debt relief plan, for SoFi Technologies (NASDAQ:SOFI) stock, it’s hard to deny that this announcement has only provided temporary relief. After surging on the news, shares in the fintech firm have given back their gains. Returning to around $6 per share, you may think SoFi has bottomed
Considering the slowdown in the world’s second-largest economy, it’s probably the right time to think about some Chinese stocks to sell. China barely escaped contraction during the second quarter as consumer and manufacturing activity slowed down in the face of repeated lockdowns. Retail and industrial sales came in weaker-than-expected, while youth unemployment rates hit almost
Mullen Automotive (NASDAQ:MULN) stock has come back into the spotlight over the past month. Due to several developments throughout August, shares in the electric vehicle (EV) maker briefly experienced renewed enthusiasm. However, I wouldn’t view any of these developments as a signal to buy. Recent progress notwithstanding, the big concerns/red flags with this stock continue
Following Federal Reserve Chairman Jerome Powell’s latest remarks on monetary policy, investors are more concerned with which stocks to sell. The central bank remains committed to continuing hiking interest rates, in its quest to curb inflation. In turn, the market may have a ways to go before truly bottoming out. This points to more volatility
Michael Burry made a name for himself during the Great Recession. His bearish bet against the housing market made the contrarian investor a fortune. Alongside this fortune came fame, when the book detailing his winning trade was made into a film in 2015. When Burry makes changes to his portfolio, it makes headlines. That’s exactly
In early August, Magic Empire Global (NASDAQ:MEGL) received a lot of attention, and MEGL stock shot up quickly. However, this is most likely due to a Reddit-fueled short squeeze. Regarding the company itself, there isn’t a strong argument to invest in Magic Empire Global. So, it’s wise to stay away from this particular stock even if
With consumer prices hitting multi-decade highs, investors should consider avoiding the worst stocks to buy during inflation. True, the inflation rate dipped a bit in July to 8.5%. In the month prior, the metric hit 9.1%. Nevertheless, it’s important to realize that overall, consumers have endured sustained spikes in prices. Over time, that can hurt
After a parabolic rise, shares of Bed Bath & Beyond (NASDAQ:BBBY) tumbled after GameStop (NYSE:GME) Chairman Ryan Cohen divested all of his stake in Bed Bath & Beyond. Also, the company plans to hold a conference call with a “strategic update” on Aug. 31. However, this could be a hit-or-miss event and could push BBBY stock
The summer months provided a brief respite from the ugliness of 2022’s bear market, but there is reason to believe things could get worse from here. U.S. consumer confidence increased slightly following the passage of the Inflation Reduction Act and amid falling gasoline prices. Last week, the index moved above the 50-point mark for the first
In the aftermath of the Covid-19-induced sell-off in the first quarter of 2020, high-growth stocks sprung to life. In particular, EV stocks charged higher. As investors soured on growth stocks, though, the highest fliers became some of the recent bear market’s biggest losers. And while there may be opportunities in some of the more established
Fortune released some data on Aug. 24 about the impending housing market crash. Over 183 housing markets in the U.S. could see home prices drop by 20% if a recession hits. If that happens, the worst stocks to hold at that point would be anything related to residential real estate, except for owners and builders
Previously obscure Helbiz (NASDAQ:HLBZ) stock suddenly received a lot of attention among traders recently, likely due to a resurgence of the meme-stock movement. Cautious traders should observe that Helbiz isn’t a profitable company, though, and would be wise to stay out of the trade altogether. Helbiz’s main business is micro-mobility services, which might sound intriguing. However,