The best investors know how to identify winners and fill their portfolios with equities that have the best potential for returns. And at the same time, they know which stocks to avoid. Identifying red flags that make a once-promising name a likely loser is a skill that any investor needs to cultivate. That’s why the
Stocks to sell
With the market remaining underwater for the year, you may be looking for bargain stocks to buy. Purchasing the shares of such names now, ahead of macroeconomic improvements, could provide investors with big gains when a bull market arises. In particular, purchasing stocks that were hit hardest by the downturn can result in outsized returns.
Like other fintech stocks, shares of SoFi Technologies (NASDAQ:SOFI) stock have had a tough year. Blame it on the market’s changing view of high-growth stocks, plus the expectation that economic conditions will become more challenging. Trading above $15 per share at the start of January, SOFI stock at one point fell into penny-stock territory (under
Growth stocks have been crushed amid the bear market. However, the bear market began long before most investors realize. While the S&P 500 and other major indices didn’t suffer major corrections until January 2022, overrated growth stocks began their correction about a year earlier. It’s interesting, as there was a large divide in growth stocks.
Lucid Group (NASDAQ:LCID) stock hasn’t had a great week. The company recently released its second-quarter 2022 financial and operational results and investors weren’t thrilled. Lucid CEO Peter Rawlinson openly acknowledged issues related to logistics and supply chains. s a result of these challenges, Lucid has slashed its vehicle production goal in half. Traders started bailing and more share-price
Since the end of July, Shopify (NYSE:SHOP) stock has been trending higher. With this uptick, you may think that SHOP stock has already bottomed out and is ready to make a real recovery. Yet far from the start of a rebound, what’s played out with shares in the e-commerce software company can be best described
Electric vehicle (EV) startup Rivian Automotive (NASDAQ:RIVN) plans to release its second-quarter 2022 fiscal results on Aug. 11. It might be tempting to load up on RIVN stock beforehand. However, Rivian is reducing its workforce. That’s not a positive sign. Also, the company is acknowledging problems related to a climate deal proposal in Congress, as well
With recent indicators suggesting that the U.S. is in the middle of a downturn, interest regarding stocks to avoid in a recession has naturally picked up. Though contrarianism is an exciting concept, in many cases, it’s better not to fight the tape. Here, large-scale fundamentals along with common sense are your best friends. During the
It’s been a tough year for tech stocks. Especially social media stocks. Major names in the space have given a large chunk of their respective pandemic era gains. With Snap (NYSE:SNAP), the pullback has been even more severe. SNAP stock has given back all of its gains and has fallen back to price levels last
Arizona-based Opendoor Technologies (NASDAQ:OPEN) provides a digital marketplace for real estate. The company offers a tech-enhanced platform that can simplify the process of buying or selling a home. It’s a good business model in theory, but OPEN stock holders are still struggling in 2022. They’re likely to continue having problems because the housing market is
This earnings season has definitely highlighted the winners and losers on Wall Street. It has also helped investors identify large-cap tech stocks to sell now. Over the last few days, investors have gained confidence thanks to positive economic data, better-than-expected earnings, and Federal Reserve optimism. The trio of upbeat information drove two-month highs in the
[Editor’s note: “4 EV Stocks to Sell Before the Great EV Consolidation Kills Them” was previously published in June 2022. It has since been updated to include the most relevant information available.] Back in June, reports of electric van maker Electric Last Mile Solutions’ (ELMS) bankruptcy filing flew under the market news radar. Electric Last
Macroeconomic headwinds continue to weigh on fintech stocks, and PayPal (NASDAQ:PYPL) is no exception. However, a recent development is helping to renew interest in this digital-first provider of payment solutions and other financial services. Activist hedge fund Elliott Investment Management is building a stake in PYPL stock. Per news reports, Elliott’s plan is to push
Skillz (NYSE:SKLZ) has been recovering from a sharp decline in recent weeks. To some, this may look like the start of a recovery for shares in the mobile gaming platform operator, but make no mistake. What has played out with SKLZ stock is little more than a dead cat bounce. In other words, what we
Streaming device company Roku (NASDAQ:ROKU) recently released its second-quarter 2022 financial results. Immediately after those results were made public, ROKU stock plummeted. The company tried to spin its results as positive, but Wall Street’s clearly not buying it. It’s been a busy earnings season, and there have been some big winners and some huge losers along
Headquartered in San Francisco, Lyft (NASDAQ:LYFT) is an American ride-share business. Not only is the company reducing its workforce, but Lyft is also shutting down its business segment that rents cars to riders. Plus, an analyst recently provided a warning about LYFT stock as inflation-related headwinds could weigh on the company’s bottom line. Inflation is a concern
Beyond Meat (NASDAQ:BYND) is a company that’s based on an interesting concept that once captivated Wall Street. Yet, theory and practice are two different things. BYND stock can’t seem to get off the ground lately, and Beyond Meat’s lack of net earnings will probably continue to cause problems. This is a shame, as this fake
Down more than 70% in the past year, Lyft (NASDAQ:LYFT) may be starting to look appealing for bottom fishers. Check out commentary on LYFT stock online. You’ll see articles suggesting it’s a bargain after falling to levels well below its IPO price. For instance, a recent piece by Barron’s names it as one of several
FuboTV (NYSE:FUBO) has been moving higher since late last month. As investors start to believe that the Federal Reserve will change course on its rate hike plans next year, speculative growth stocks like FUBO stock have seen a slight boost. I won’t comment further here whether a lowering of rates will happen next year or
Do you want to know the worst stocks to buy in a recession? Read on, and I’ll give you seven names to avoid should we officially enter the fourth recession in the 2000s. In the past 22 years, there have been three official recessions. The first lasted eight months, from March 2001 until November 2001.