Chipotle (NYSE:CMG) reported strong first-quarter results, and its digital sales have soared during the outbreak of the novel coronavirus. While the latter trend is likely to continue, the company is relatively poorly positioned for the current recession. Moreover, the valuation of CMG stock is quite high. Consequently, I recommend selling the shares at their current
Stocks to sell
[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com Should you buy Penn National Gaming (NASDAQ:PENN) stock? Shares have rebounded in recent weeks, as investors shake off novel coronavirus concerns,
With the coronavirus from China continuing to affect the United States, should you buy Moderna (NASDAQ:MRNA) stock? As the world searches for a vaccine, scores of biotech firms have thrown their hat in the ring. But what makes this company a strong contender? The key appeal is that Moderna has the first testable vaccine. Yet,
The novel coronavirus may be a boon for big box stores. That’s evident as stocks like Walmart (NYSE:WMT), Costco (NASDAQ:COST) and others trade at prices at or above their pre-outbreak highs. But for many retailers and retail stocks, things are not so peachy keen. Many retailers face continued store closing due to being classified as
After Ford (NYSE:F) stock plunged to $4 in late March — to levels not seen since the financial crisis in 2008 to 2009 — the shares have staged a decent rally. In fact, the return on F stock is about 27% from those levels. Source: Proxima Studio / Shutterstock.com However, it’s important to keep in
Amid the novel coronavirus pandemic, Blue Apron (NYSE:APRN) stock is up 74% year-to-date. I think that the rally is overdone and that the shares of the meal kit deliverer will likely retreat after the company reports its first-quarter results on April 29. Source: Roman Tiraspolsky / Shutterstock.com Blue Apron stock shares will probably fall further
As more devastating economic numbers flood national headlines, it’s becoming clear that a V-shaped recovery only exists in the minds of the extremely optimistic or the hopelessly naïve. On Thursday, the U.S. Department of Labor reported that 4.4 million people filed for unemployment benefits for the week ending April 18. Unfortunately, it’s becoming untenable to
With the global economy in a recession and China-U.S. tensions at all-time highs, now is not a good time to be exposed to higher-end smartphones. As a result, investors should sell Qualcomm (NASDAQ:QCOM) before Qualcomm stock follows Apple down. Source: jejim / Shutterstock.com In a column published on Mar. 13, I contended that “Apple (NASDAQ:AAPL)
When oil services giant Halliburton (NYSE:HAL) reported its first-quarter results on Monday, the share price shot up by about 15% to $7.94. But unfortunately, this was little comfort for longer-term shareholders. Consider that – a year ago – Halliburton stock was at $31 or so. Source: Casimiro PT / Shutterstock.com OK then, so let’s take
There’s a narrative surrounding Rite Aid (NYSE:RAD) stock that I don’t completely agree with. According to that narrative, RAD stock is a ‘cheap’ bet on a potential turnaround under new management. Source: Jonathan Weiss / Shutterstock.com That’s true as far as it goes. Heyward Donigan took over as chief executive officer in August. Rite Aid
The coronavirus pandemic is creating changes to the global economy that can make you seem like you’re living through a movie. Businesses are closed not due to lack of demand, but because supply was cut off. And that is causing more problems for some troubled stocks. Millions of Americans are under shelter in place orders.
Wall Street looks vulnerable to another pullback here as the post-Covid-19 rebound capped out near a 50% retracement of the initial selloff and has been sliding sideways for weeks. To be sure, there are plenty of things to be worried about: Evidence of a prolonged economic shutdown, chaos in the energy markets, and concerns a
Like rival Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) is in the midst of a curious though undoubtedly impressive rally. In fact, Lyft stock has more than doubled from its 52-week low which it hit last month. Source: Allmy / Shutterstock.com Over the past several weeks, the stocks of many companies that have been most severely affected by
Airline stocks have been in news with the industry among the worst hit due to the crisis triggered by the novel coronavirus. With most airline stocks plunging, there is ample discussion on value buys in the industry. American Airlines (NASDAQ:AAL) stock has declined by 64% from fiscal year 2020 highs and currently trades at $11.
About a year ago, Marathon Oil (NYSE:MRO) stock was trading at about $19. But even before the novel coronavirus severely impacted the world economy, the share price was already eroding. Although, during the past few months, the bear move has certainly accelerated. Note that MRO stock is now trading around $4.50. Source: Casimiro PT /
Presently, the oil market is giving you a case of good news and bad news, depending on your perspective. If you’re in the market to buying a new or used car, you’re living a charmed life. On the other hand, if you’re deeply invested in oil firms like BP (NYSE:BP), you should consider an exit
Never short on scandals and controversies, Uber Technologies (NYSE:UBER) may not warm most people’s hearts. However, it’s undeniable that the company revolutionized the concept of ride sharing. A cost-effective means of bypassing the traditional taxi service, the innovative platform has found rapid adoption, especially among younger adults. It’s also provided valuable services across multiple demographics,
After a lot of debate, the airlines got their government aid package. Traders cheered, if only for a moment. As is often the case, though, it quickly turned into a “sell the news” moment. With the positive catalyst behind us, airlines stocks are sinking again as folks consider the longer view. It’s great that the
Now that we’re months into the spread of the novel coronavirus, traders have to adjust to waves of bad news. Sometimes the news is so unsettling that it’s best just to avoid certain investments. And the developments surrounding Uber (NYSE:UBER) make the stock a toxic asset, at least for now. Source: Proxima Studio / Shutterstock.com
Royal Caribbean (NYSE:RCL) has been absolutely hammered over the past month amid the novel coronavirus pandemic. RCL stock is down a stark 74 percent so far this year and will almost certainly keep falling amid travel shutdowns, quarantines and the economic fallout from Covid-19. Source: Laszlo Halasi / Shutterstock.com Contrarians have been sniffing around cruise stocks in