The economy is roaring back to life and with that the number of stocks to sell is climbing. Abundant government stimulus in combination with an aggressive vaccine rollout has gotten things back on track surprisingly quickly. Investors have hopped on the reopening wave, riding all sorts of struggling companies as they’ve recovered from last year’s
Stocks to sell
I first invested in Alibaba (NYSE:BABA) stock back in late 2015 at a price of $68 per share. Source: Nopparat Khokthong / Shutterstock.com At the time, my thesis was extremely simple. E-commerce is the future of retail. Amazon (NASDAQ:AMZN) is the e-commerce leader in the U.S. market. AMZN stock has been an incredible long-term investment.
With meme stocks starting to tumble and Wall Street becoming much more skeptical about Clover Health (NASDAQ:CLOV), the outlook of CLOV stock has deteriorated meaningfully in recent weeks. Source: Shutterstock Meanwhile, Clover’s claims to be a high-tech disruptor are questionable, and the company continues to face Securites and Exchange Commission and Department of Justice probes,
With the stock-trading paradigm supposedly having shifted because of the novel coronavirus, fuel-cell electric vehicle (FCEV) specialist Plug Power (NASDAQ:PLUG) looks awfully enticing. From its peak 2021 closing price of $73.18, PLUG stock is now down more than 60%. Of course, in this day and age of social media, such a decline represents about as
Call them sucker stocks, stocks to avoid or whatever you’d like. Regardless of how they’re categorized, there are some companies investors should stay far away from right now. A few of the companies on this list look bad because of the pandemic. Some weak electric vehicle (EV) companies also make an appearance, along with some
Nio (NYSE:NIO) has had one of the most incredible turnarounds in recent memory. The company’s initial public offering (IPO) was priced at $6 per share, and NIO stock stayed in the single digits following the IPO. Source: Sundry Photography / Shutterstock.com While Nio made a decent case about being able to beat Tesla (NASDAQ:TSLA) in
After an impressive run in this year’s first half, the stock of cryptocurrency mining company Marathon Digital Holdings (NASDAQ:MARA) stock looks to now be played out. Source: Shutterstock The company specializes in mining Bitcoin (CCC:BTC-USD) and other cryptocurrencies by solving cryptographic equations with ultra-powerful computers has enjoyed a spectacular run in the past six months. Year-to-date,
As seen from booming travel numbers over the July 4 holiday, it’s clear that it’s not just hype that’s fueled a reopening rally for travel stocks. After getting hammered at the onset of the Covid-19 pandemic, major stocks in the airline, casino, cruise line, and hotel industries have bounced back tremendously from their lows. Things
Investors will conclude that Workhorse Group’s (NASDAQ:WKHS) strong rally from single-digit lows this year is irrational, but traders won’t overthink the strong gains from WKHS stock recently. Source: rblfmr / Shutterstock.com The clean energy and electric vehicle sector peaked in February. As prices fell to lows not seen since last year, speculators emerged to bet
How should investors understand ContextLogic (NASDAQ:WISH) stock currently? After all, it doesn’t look like its price is currently being affected much by short interest. That short interest has fallen quickly and sat at 5.38% on July 1. Those levels should hardly have any discernible effect on share prices at all. Source: sdx15 / Shutterstock.com Perhaps
Investors should avoid Clean Energy Fuels (NASDAQ:CLNE) stock for now. I say that despite the fact that the shares have positive catalysts, including backing from the Reddit crowd and an ESG-friendly business. Source: ZikG / Shutterstock.com Beyond those tenuous tailwinds, there are obvious signs that Clean Energy Fuels isn’t trending up. In fact, there are
Other than a massive trading spike in Feb. 2020 to $24.90, Vaxart (NASDAQ:VXRT) has gone nowhere. A mid-June upgrade from Piper Sandler to an “overweight” rating temporarily lifted VXRT stock, but its price remains low. Source: Photo courtesy of Vaxart, Inc. When vaccines are making headlines every day, why are Vaxart shares underperforming? And why
I hate to be a wet blanket. There’s a whole lot of buzz and enthusiasm surrounding San Francisco-based technology firm Marin Software (NASDAQ:MRIN) stock. Source: Gil C / Shutterstock.com Traders may be partying like there’s no tomorrow, but every party must come to an end, sooner or later. There’s been strong upward momentum in the share
Uber Technologies (NYSE:UBER) has yet to make any form of profitability. Its latest quarterly release showed that earnings were lousy and cash flow was still negative. Moreover, its cash in the bank fell and long-term debt rose. Don’t expect UBER stock to ever get profitable at this rate. This is despite what analysts are projecting.
Marin Software (NASDAQ:MRIN) stock has been on a roller coaster ride for the past several weeks. On June 16, it was at $1.64 per share, but then it shot up to $24.14 by July 6. It closed last week at $17.36, sporting a $190.4 million market capitalization. MRIN stock cannot sustain this valuation. The stock
Since I last wrote about Churchill Capital Corp IV (NYSE:CCIV) stock, much water has passed under the bridge. Source: gg_photography / Shutterstock.com We are ten days away from the inevitable merger of the SPAC with electric vehicle manufacturer Lucid Motors. Due to the previous delays of the merger, CCIV stock lost steam during the pre-merger
Earlier this month, Transenterix (TRXC) stock became Asensus Surgical (NYSEAMERICAN:ASXC). But, as they say, don’t judge a book by its cover. A digital surgery play, ASXC stock remains the same bad opportunity it was under its prior moniker. Source: Dmytro Zinkevych / Shutterstock.com What do I mean when I say bad opportunity? Trading for pennies
When the coronavirus first touched down uninvited onto our country, one of the worst-hit sectors was retail stocks. This of course is no surprise to anyone with a functioning brain cell. At the time, we didn’t know much about the new virus — and clearly, there’s much to learn. Therefore, when state governments imposed lockdown
In March, there have been 18 days of trading through March 24. GameStop (NYSE:GME) has seen GME stock rise nine times and fall nine times for an equal number of up days to down days. Source: Shutterstock / mundissima Overall, GME stock is up over 850% year-to-date. What’s not to like? The only problem: The
The epic rise in Palantir’s (NYSE:PLTR) stock price started way before “meme stocks” became a thing. Back in November, on the heels of President Joe Biden’s election, investors aggressively bid up the stock, betting this big-data company’s ties with the incoming administration would pay off big time. But, as the momentum from this “Biden boost”