Stocks to sell

Personally, I view Blue Apron (NYSE:APRN) as an example of getting the logic right and the results wrong. In August of 2019, I worried that a recession might hurt shares of the meal-delivery service. I came to that conclusion because at the time, the U.S.-China trade war suggested a slowdown for both economies. Further, the

Donald Trump tweeted on April 2 that Saudi Arabia and Russia were looking to cut daily oil production by 10 million barrels. He later suggested the cut could be as high as 15 million barrels. If this turns out to be accurate, the price of oil will climb dramatically, providing Chesapeake Energy (NYSE:CHK) with a

Perhaps with the exception of some gaming equities, Carnival (NYSE:CCL) and other cruise line operators are among the epicenters of coronavirus market capitalization destruction with CCL stock proving as much with a first-quarter loss of 74.19%. Source: Ruth Peterkin / Shutterstock.com Due to COVID-19 pandemic, Carnival packed a lot of bad news into the first three

The novel coronavirus is already proving to be the biggest economic shock to the world economy since the Great Financial Crisis of 2008. Perhaps it will be even worse than that by the time all is said and done, with a number of stocks to sell out there. In any case, the S&P 500 fell

There are a number of ways to invest during the crisis brought on by the novel coronavirus. Most traders focus on the typical coronavirus stocks, which tend to represent companies working on vaccines and treatments. Co-Diagnostics (NASDAQ:CODX) stock, on the other hand, is a different type of coronavirus stock. As the company’s name implies, this

3M (NYSE:MMM) is an industrial manufacturing conglomerate that generates relatively little revenue from products that will be used in the battle against the novel coronavirus. Meanwhile, demand for most of its other products is likely to drop meaningfully during the current crisis, and the valuation of MMM stock is not especially attractive at this point.

Investors in the young ride-hailing company Lyft (NASDAQ:LYFT) have had a quarter to forget. So far in 2020 Lyft stock is down about 41%. Source: Allmy / Shutterstock.com Despite the recent decline of the shares, I don’t expect to see much positive momentum in Lyft stock in the coming weeks. Rather, the shares are likely to

The hits keep coming for Ford (NYSE:F) stock. Source: Shutterstock The company’s cautious approach on electric vehicles put it far behind its competitors. Its CEO since 2017, former University of Michigan athletic director Jim Hackett, has since seen the share price fall to $5. Now with shares at a 10-year low, Hackett shuffled some chairs

In the middle of the turmoil brought on by the coronavirus, it’s hard to think positively. Yet at some point, we will get through this, remembering this moment years from now as one of the darkest chapters in American history. Nevertheless, we shouldn’t be naïve. As I’ve mentioned in prior articles, the novel coronavirus has

Multinational oil and gas giant BP (NYSE:BP) enjoyed a stellar performance last week. But isolated enthusiasm isn’t enough to convincingly move the needle for BP stock. Source: Shutterstock For one thing, the company took a huge blow in the Friday March 27 session, reminding everyone that we’re far from leaving the woods. Of course, the

Of all the economic sectors impacted by the coronavirus from China, the air-travel industry was hit especially hard. As a result, Delta Air Lines (NYSE:DAL) stock was halved from more than $60 to around $30 within a matter of weeks. Source: VanderWolf Images/Shutterstock.com It could be argued that the coronavirus crisis won’t last forever and

In the recent past, Plug Power (NASDAQ:PLUG) has seen significant volatility. After touching a 52-week high of $6.05 in the third week of February, PLUG stock declined by 54% to $2.76. Source: Shutterstock This decline was triggered by the company’s 40 million share offering at $2.75. Subsequently, the stock has moved higher by 46% and

The sudden collapse in the price of oil will hurt natural gas exploration firms the most. Chesapeake Energy (NYSE:CHK) stock is especially vulnerable. The firm has an unsustainable debt load and cannot service the interest payments with energy prices falling. Source: Novikov Aleksey / Shutterstock.com CHK stock tried to hold the 50 cent support line

Both the supply and demand sides of the equation spell trouble for Big Oil today. Holders of BP (NYSE:BP) stock have suffered staggering losses amid the energy-sector rout. Some audacious traders might wonder if this is the time to grab some cheap shares and hope for the best. Source: FotograFFF / Shutterstock.com That’s an ill-advised

Jobs, wages, profits and dividends are all under siege for American oil companies. For years, Schlumberger (NYSE:SLB) stock was a stunner. That is, until mid-2014. Now, those glory days are long gone. Even when the price of oil powered its way up to $75 in October 2018, Schlumberger shareholders continued to suffer staggering losses. Source:

After a stunning fall to $10, shares of American Airlines (NASDAQ:AAL) have since been on a tear. Note that AAL stock is now at $15. Yet despite this rally, the company still sports a miserable year-to-date loss of 50%. Source: GagliardiPhotography / Shutterstock.com The volatility is certainly understandable as it is extremely difficult to gauge

It’s been an insane month for airlines stocks. Legacy carrier United Airlines (NASDAQ:UAL) has been no exception. UAL stock traded for $90 as recently as January. Last week, it sold for a low of just $18, amounting to an 80% loss of value in scarcely two months. Source: NextNewMedia / Shutterstock.com However, United’s fortunes are

Luckin Coffee (NASDAQ:LK) stock has caught a bounce. Shares were up 11% in midday trading Wednesday March 25, and now have rallied 29% just from their close on Monday March 23. Source: Keitma / Shutterstock.com That trading does make some sense. China appears to be returning to normal after the coronavirus spread in January. LK

As the coronavirus spreads globally, the travel and tourism industry is among the worst hit. It’s not surprising that Booking Holdings (NASDAQ:BKNG) has declined by 40% from 52-week highs of $2094. While I am not ruling out a sharp technical bounce back from technically oversold levels, I believe that BKNG stock has more downside in

As a long-term speculative play, Chinese electric vehicle maker Nio (NYSE:NIO) appears like a solid pick. Prior to the market madness with the coronavirus from China, Nio stock was gaining impressive momentum. With trade talks between the U.S. and China culminating in a phase one deal, consumer sentiment in the world’s second-largest economy roared back.