The lure of a low-priced stock is irresistible to many potential investors, as shares of troubled oil producer Whiting Petroleum (NYSE:WLL) are showing. But price is not everything. And WWL stock is unsuitable for a legitimate portfolio. Source: Shutterstock This company poorly played the collapse of oil prices and the other effects of the novel
Stocks to sell
Is now the time to “buy the dip” in Nio (NYSE:NIO) stock? Not so fast! Earlier this year, the Chinese electric vehicle (EV) maker seemed headed for disaster. But,a partnership deal with a Chinese municipality put bankruptcy concerns to rest. Add in the mania in EV stocks driven by Tesla (NASDAQ:TSLA), and this stock has
Genius Brands International (NASDAQ:GNUS) is down over 38% in the past month. In fact, since July 22, GNUS stock has dropped 46% from $1.93 to $1.04. I had warned investors then that the stock was likely to fall in my article “Beware Shareholder Dilution With Genius Brands Stock.” Source: Syda Productions/ShutterStock.com At the time I
For United Airlines (NASDAQ:UAL) stock, the bad news just keeps coming in 2020. Source: NextNewMedia / Shutterstock.com The stock was already down a whopping 56% year-to-date because of the novel coronavirus and its debilitating effect on the airline industry. Then, on Wednesday, United announced that the company’s long, slow recovery will be longer and slower
Marathon Oil (NYSE: MRO) is a prime example of an oil play that investors shouldn’t be considering.especially since MRO stock is worth just about a third of what it was in January. Source: Casimiro PT / Shutterstock.com Volatility has become the new normal in the US stock market, as the novel coronavirus continues to hang
Back in June, Inovio (NASDAQ:INO) more than doubled in three sessions. The catalyst was the receipt of a $71 million contract from the U.S. Department of Defense. The move was all the more impressive given that INO stock had gained 364% in 2020 even before the announcement. Source: Ascannio / Shutterstock.com Optimism toward the company’s INO-4800
It’s quite hard—impossible, in fact—to forget that many of the initial news stories coming out of the novel coronavirus outbreak involved cruise ships. And they’re still waiting, at least in America, to set sail again: a hoped-for outcome slated for October. But that’s at the earliest and it doesn’t help that just a few days
Aurora Cannabis (NYSE:ACB) stock has been on a terrifying roller coaster since its 2018 debut on the New York Stock Exchange. Since rocketing to a peak enterprise value of $15.7 billion, ACB has since wiped out 93% of shareholder money as profits have failed to materialize. Source: Shutterstock On Tuesday, investors received another dose of
Though some sectors are slowly making a comeback from the novel coronavirus catastrophe, this optimism doesn’t apply to the oil market. Indeed, it’s hard to imagine if “black gold” will ever be the same. Certainly, prospects look particularly dim for embattled organizations like Occidental Petroleum (NYSE:OXY). On a year-to-date basis, OXY stock is down 72%,
Some companies have trouble written all over them. One such example is biopharmaceutical firm Ocugen (NASDAQ:OCGN). Even before the novel coronavirus upturned the world, OCGN stock was a struggling unit, with the issuing company facing bankruptcy. Overall, this fundamental assessment hasn’t changed. What has shifted, though, is the surrounding ecosystem. Source: Shutterstock As the Wall
Whiting Petroleum (NYSE:WLL) stock is rallying after exiting from bankruptcy proceedings. It’s interesting that both before and after Chapter 11, WLL stock rallied. Source: Shutterstock But like a lot of stocks these days, this unusual bit of momentum trading is down to Robinhood app traders. Despite weak fundamentals, WLL stock got pushed to unreasonable heights,
With its whisper-quiet driving experience, environmentally friendly profile, and inherently superior reliability due to fewer moving parts, it’s no wonder why modern drivers have elected electric vehicles over their combustion-powered counterparts. But no matter how hard I try, I don’t have the same understanding for Electrameccanica Vehicles (NASDAQ:SOLO). SOLO stock is an example of the
As I write this, the day after Whiting Petroleum (NYSE:WLL) emerged from Chapter 11, WLL stock is up more than 3,000%. But there’s a catch. Source: Shutterstock Before you run out and buy some of this bad boy, keep in mind that it’s only trading around $23 because the old equity shareholders got one new
There is a lot of chatter on Wall Street right now about how tech stocks may be in a bubble, with many comparing the current surge in tech stocks to the dot-com bubble of 1999-2000. Broadly, I don’t think this chatter is warranted. We aren’t in a tech stock bubble, for two big reasons: 1.
The persistent trading of Luckin Coffee (OTCMKTS:LKNCY) shows some folks will buy anything. Luckin stock is destined to linger like unwanted nuclear waste. Source: Keitma / Shutterstock.com This is a company with a very checkered past. There are so many reds flags warning investors to stay away that the horizon is a sea of red.
In early June, kids entertainment company Genius Brands (NASDAQ:GNUS) went viral because the company was supposedly trying to build the Netflix (NASDAQ:NFLX) for kids. Seemingly overnight, GNUS stock went from $1 to $12. Source: patat / Shutterstock.com I said stay away from Genius Brands, on the idea that while creating the Netflix for kids is
Marathon Patent Group (NASDAQ:MARA) stock is one to avoid. At its inception in 2012 it was a patent company founded on a portfolio of three patents and one application. In August 2017 Marathon announced it intended to also pursue potential alternative businesses. Then, in November 2017, it acquired Global Bit Ventures, cementing its current direction
The race to develop a vaccine to fight the novel coronavirus is like any other competition. There are going to be winners and losers. It appears iBio (NYSEAMERICAN:IBIO) will be in the latter the camp despite the fact that IBIO stock is up 691% this year. Source: Shutterstock On balance, a 691% gain in less
I pounded the table for Advanced Micro Devices (NASDAQ:AMD) six years ago, when it named Dr. Lisa Su as CEO. I liked AMD stock at $20, and even $40. It’s a great company. She’s a great leader. AMD makes faster microprocessors than Intel (NASDAQ:INTC). It’s competitive in graphics with Nvidia (NASDAQ:NVDA). Source: Casimiro PT /
The steep decline of Inovio (NASDAQ:INO) stock is continuing. Earlier this year, Inovio electrified traders when it announced that it had a potential vaccine candidate for the novel coronavirus. Following the disclosure, INO stock shot up to as high as $33 this summer, versus its 52-week low of $1.92. Source: Ascannio / Shutterstock.com However, the