Stocks to sell

Investors who are interested in buying Grubhub (NYSE:GRUB) stock should instead buy the shares of the company that last month agreed to buy Grubhub. That acquirer is Europe-based Just Eat Takeaway.com (OTC:TKYY). In the short-term and the medium-term, the outlook of the latter company’s stock is superior to that of Grubhub stock. Source: Lori Butcher

The novel coronavirus-driven economic slowdown triggered a sharp meltdown for equities earlier this year. However, with the Federal Reserve pursuing aggressive expansionary monetary policies, equities bounced back strongly. Some bounced back so strongly that they are now severely overvalued stocks. The sharp rally in equities is not just liquidity-driven. There are fundamental factors that have

Give Occidental Petroleum (NYSE:OXY) its due. OXY stock jumped almost 58% in the second quarter as even some of the most battered fossil fuels producers rebounded from their March lows. Source: Pavel Kapysh / Shutterstock.com That rally is in the rearview mirror, and the surge is not an invitation to chase Occidental. As is the

The good news for Carnival (NYSE:CCL) is that the company’s stock is 80% higher since bottoming out at just under $8 in March. However, the bad news for CCL stock is that it’s still down over 70% since the first of the year. Source: Ruth Peterkin / Shutterstock.com For most of the last three months,

As of June 29, Beijing-based coffee retailer Luckin Coffee (OTCMKTS:LKNCY) got delisted from the NASDAQ Exchange. Now, Luckin stock is a penny stock that may also be a bankruptcy-candidate. Source: Keitma / Shutterstock.com There has recently been increased day trading interest in shares of potentially bankrupt companies, such as Hertz Global (NYSE:HTZ), JCPenney (OTCMKTS:JCPNQ), and Whiting Petroleum (NYSE:WLL).

Carnival’s (NYSE: CCL) fiscal second-quarter earnings fell short of investor expectations by a wide margin. Analysts, on average, were expecting a net loss of $1.76 per share on $737.8 million of revenue.  On June 18, Carnival reported a net loss of $3.30 per share on $700 million of revenue. Since the announcement CCL stock has shed

Although I focus on megatrends to extract the best possible investing ideas, they’re also useful as a warning system against stocks to avoid. In particular, I avoid chasing fads like Beyond Meat (NASDAQ:BYND). Admittedly, Beyond and the plant-based protein industry are hot topics. However, I ultimately see Beyond Meat stock fading away not in dissimilar

Occidental Petroleum (NYSE:OXY) continues to follow the basic track of other oil stocks. In early June, I could understand investors taking a flyer on OXY stock. After all, initial concerns about the company’s liquidity appear to be unfounded. Source: Pavel Kapysh / Shutterstock.com And so, in some ways, it makes sense that the stock would

Kohl’s (NYSE:KSS) and Kohl’s stock don’t look like winners in the short term or the long term. The retailer just doesn’t appear to have what it takes to succeed during the novel coronavirus crisis in particular or the e-commerce revolution in general. Source: Sundry Photography/Shutterstock.com For retailers with hundreds of brick-and-mortar stores to thrive in

Normally, companies declare bankruptcy, their stocks plummet and shareholders get wiped out. But car rental company Hertz (NYSE:HTZ) refused to go out like that. More specifically, speculators betting on an impossible turnaround refused to let Hertz stock go out without a bang. Source: Eric Glenn/Shutterstock.com In the weeks after Hertz filed for bankruptcy in late

Looking strictly at the numbers, DraftKings (NASDAQ:DKNG) is one of the most successful stocks of 2020. DraftKings stock is up more than 200% so far this year, even factoring in a recent pullback. Source: Lori Butcher / Shutterstock.com Much of the optimism about DraftKings, of course, revolves around professional and college sports. After a spring

For some time — and especially over the last several weeks — I’ve been warning investors not to touch Chesapeake Energy (OTCMKTS:CHKAQ). Laden with unsustainable debt combined with the oil demand destruction brought on by the novel coronavirus, the equity share formerly known as CHK stock tumbled on the news that the embattled energy company

Just a few months ago, the fundamental case for DraftKings (NASDAQ:DKNG) was undeniably credible. As you know, fantasy sports have taken on a whole new meaning since its inception. No longer associated with the nerd subculture, the institution of fantasy sports has gone mainstream. Thus, the idea of buying into DraftKings stock was inherently logical.

Under Armour (NYSE:UA, NYSE:UAA) looks exceptionally expensive. UA stock trades at 60x 2021 consensus earnings estimates. But in this case, that forward multiple is somewhat deceiving. Source: AuKirk / Shutterstock.com After all, the Street estimate for 2021 suggests net margins of a bit over 1%. And thanks to cost-cutting and, at some point, faster growth,

In contradiction to everything that conventional wisdom represents, Whiting Petroleum (NYSE:WLL) has become a target of traders seeking fast action and quick gains. The daily trading volume on WLL stock would suggest, if we didn’t know any better, that there’s a bright future in store for this once-promising shale company. Source: Shutterstock But let’s not

If the novel coronavirus is fake news, now would be a great time for those with credible information to step forward. Not only would it tremendously help the embattled Trump administration, but it would also do oil firms like BP (NYSE:BP) much good. Clearly, BP stock has been struggling to gain momentum off its March

It seems like Rite Aid (NYSE:RAD) finally is headed in the right direction. New management has re-inspired investor confidence and fiscal first quarter results from last month looked impressive. As a result, RAD stock has soared, more than tripling from August lows. Source: Jonathan Weiss / Shutterstock.com Despite that good news, I’m not quite convinced.

With the markets generally moving in a positive direction following the devastation of the novel coronavirus, investors who feel they missed the initial boat are looking for underappreciated opportunities. One name that has caught contrarian eyes is General Electric (NYSE:GE). Steeply impacted due to the disproportionate hit on the travel industry, GE stock is attractive

After years of flirting with bankruptcy, it appears that the time has come for retail giant J.C. Penney (NYSE:JCP). Given the massive uncertainty at this time, its best for current shareholders to dump JCP stock and get whatever value they can at this time. Source: Supannee_Hickman / Shutterstock.com The company has continued on a downward

Many shares have come off their March lows to hit recent highs. However there are exceptions, such as Xerox (NYSE:XRX). Xerox stock currently hovers around $15.15 and slowly inching down to its 52-week low of $14.22 seen on May 14. Year-to-date, the stock is down 60%. Source: BalkansCat / Shutterstock.com Today I’ll take a closer look