Stocks to sell

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

Alternative-meat producer Beyond Meat (NASDAQ:BYND) has never been a consistent market entity in its short life. Therefore, it wasn’t particularly surprising when BYND stock jumped substantially higher in the early weeks of 2020. With the underlying company’s fake meat products finding significant momentum at fast-food eateries, the signs were initially positive. Source: Shutterstock That is

What’s left to say about General Electric (NYSE:GE) stock? Before the novel coronavirus, the company already had a heap of problems. But now the floundering conglomerate is in an even worse place. Source: Sundry Photography / Shutterstock.com GE stock has been a turnaround play for years. Since CEO Larry Culp took the reins in 2018,

If you’re optimistic about a quick, V-shaped recovery, you might be in the minority. According to a CNBC report, the U.S. suffered severe economic losses last month due to the novel coronavirus impact. In March, retailing sales fell 8.7%, the most ever in government data. Plus, New York’s regional manufacturing activity dropped to a record

After developing a novel coronavirus test in lightning speed, Co-Diagnostics’ (NASDAQ:CODX) stock soared to the stratosphere. The shares of the previously little-known company surged from less than $1 at the end of 2019 to a high of nearly $22 at the beginning of March. Source: Shutterstock But since then, for good reason, the stock has

At-home connected fitness company Peloton (NASDAQ:PTON) has turned into one of Wall Street’s favorite stocks to buy amid the novel coronavirus pandemic. This investor favoritism has led PTON stock to essentially double over the past month alone. Source: Sundry Photography / Shutterstock.com The logic ostensibly makes sense. The at-home fitness trend — which was already

One of the last things that anyone needs during a pandemic is a ride-sharing service, especially when travel is restricted and social distancing is the new buzzword. And that’s just one of the problems facing Lyft (NASDAQ:LYFT) stock these days. Source: OpturaDesign / Shutterstock.com Worse, Lyft isn’t even the leader in that space — the

Prior to the historic OPEC+ deal, Saudi Arabia shocked the global community when it engaged in a bitter oil price war with Russia. Naturally, this impacted the U.S. energy markets, particularly oil firms that were already deeply embattled. But the geopolitical rift also took down sector giants like Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). Fortunately,

On Feb. 13, I warned investors holding Aurora Cannabis (NYSE: ACB) stock there could be more pain ahead. Since then, the stock is down another 49.6% to trade under 75 cents. Source: Jarretera / Shutterstock.com This week, Aurora announced a new $350 million equity facility and a 12-to-1 reverse stock split. Aurora stock has tremendous

Ever since mid-2017, I’ve warned time and time and time again that struggling mall retailer J.C. Penney (NYSE:JCP) was headed for the retail graveyard, and that JCP stock is a strong sell. Source: Supannee_Hickman / Shutterstock.com During that stretch, JCP stock lost 95% of its value, dropping from $4 … to 20 cents. And now, it

In what seemed like an April Fools joke that had come one day late, news broke on April 2 that Luckin Coffee (NASDAQ:LK) COO Jian Liu had reported falsified sales numbers for 2019. The revelation sent LK stock down more than 80% in pre-market trading that day. Source: Keitma / Shutterstock.com Unfortunately for Luckin investors,

Investing during the spread of the novel coronavirus means that you have to consider how companies are positioned during this challenging time. Some of them are positioned for success, while others aren’t. Unfortunately, buying Lyft (NASDAQ:LYFT) stock now would be an investment in a company that’s poorly positioned. Source: Allmy / Shutterstock.com A better alternative

Given the awful deluge of novel coronavirus stats and sharply negative economic metrics, we could all use some good news. Heading into Good Friday last week, senior White House adviser Dr. Anthony Fauci provided exactly that. Rather than the 100,000 to 240,000 deaths that epidemiologists forecasted, Dr. Fauci now anticipates “only” 60,000 deaths. In theory,

Due to the black swan event of the novel coronavirus shutting down virtually all air travel, companies like Booking Holdings (NASDAQ:BKNG) are in serious trouble. Source: Denys Prykhodov / Shutterstock.com Prior to this mess, Booking’s core business — owning and operating travel fare aggregators — was on the upswing in 2019. Further, warming ties between

Investors have heard time and again that the trend is your friend. In the case of Chesapeake Energy (NYSE:CHK) stock, however, that couldn’t be further from the truth. For long-term CHK shareholders, the trend has been your worst enemy. Source: Casimiro PT / Shutterstock.com There comes a time when you just have to admit that

Universally, the novel coronavirus pandemic has represented a vicious headwind. Even for companies that have benefitted from the “new normal” – grocers and gun stores come to mind – the uncertainty of tomorrow weighs heavily on all. However, for oil giant Exxon Mobil (NYSE:XOM), Covid-19 was the last thing it needed. Prior to this mess,

I can’t help but feel bad for Caesars Entertainment (NASDAQ:CZR). As any gaming and resort company in Las Vegas, they are highly dependent on consumer sentiment. Prior to the novel coronavirus upending our record-breaking bull market, CZR stock was on the verge of something special. That’s according to Caesars CEO Tony Rodio, who stated that

Amid the devastation from the novel coronavirus comes changes to our lexicon. Today, Americans are all too familiar with the term “social distancing.” But another phrase has far more crucial implications: personal protective equipment (PPE). With medical professionals and first responders throughout the nation struggling to address the pandemic, Lakeland Industries (NASDAQ:LAKE), a hazard-protection gear

Inovio Pharmaceuticals (NASDAQ:INO) has been in the spotlight recently after the company announced a potential vaccine for the novel coronavirus. Source: Ascannio / Shutterstock.com INO stock jumped more than 70% in the space of a week as investors saw promise in the Pennsylvania pharmaceutical firm. Since then, the firm’s share price has come down substantially