Stocks to sell

Newegg (NASDAQ:NEGG) stock has important strengths and key weaknesses. Newegg — an e-commerce company that focuses on tech — is a profitable, rapidly growing company in an expanding, very promising sector. But on the other hand, it appears to be a meme stock and has become linked to cryptocurrencies at a time when meme stocks

Biogen’s (BIIB) Aduhelm looks like a market failure Approvals on treatments that don’t cure are now under challenge There can be no unlimited draw from a limited pool of funds Source: PictureDesignSwiss / Shutterstock.com When Biogen (NASDAQ:BIIB) stock got its Alzheimer’s drug Aduhelm approved last June, the stock spiked to nearly $420/share. It was due

Genius Group (NYSEMKT:GNS) launched out of the gate with an incredible blast Tuesday. GNS stock exploded 408% higher on its first day of trading as a public company. This is quite the surprise, as Genius is not a well-established company. The offering’s lead underwriter, Boustead Securities, is not a top-tier initial public offering (IPO) shop.

Today’s price action in the broader market is certainly something most investors don’t want to see. The three major indices are solid red, with most major growth stocks getting hit hard today. Investors in SoFi Technologies (NASDAQ:SOFI) and SOFI stock have not been spared. In fact, SOFI stock hit a fresh new 52-week low today, trading as low

PayPal (PYPL) investors are undoubtedly seeking relief after the company’s disappointing financial report. Yet, that relief is unlikely to come as PayPal will have to deal with a potentially turbulent cryptocurrency market. Investors should sidestep these tricky issues by simply refraining from buying shares of PayPal. Source: Michael Vi / Shutterstock.com It’s no secret that

Elon Musk sent Twitter (TWTR) stock up 20%, buying 9.2% and joining the board. Twitter has been trying to collect cash from users for months, with limited success. Fundamentals say sell. Source: Worawee Meepian / Shutterstock.com Elon Musk sent Twitter (NYSE:TWTR) stock up by about 25% by the end of April 2 by buying 9.2%

Novavax (NASDAQ:NVAX) and other vaccine makers are dropping in anticipation of an advisory panel meeting of the U.S. Food and Drug Administration (FDA) regarding booster shots. This is a panel meeting of outside experts. The topic? To whom and when should a second round of covid-19 booster shots be administered to. The FDA already authorized

So far this year, Disney (NYSE:DIS) stock is down 15%. The market is not pleased with its earnings, negative free cash flow and huge spending on content. That has spilled over to the poor returns for DIS stock. For example, in its fiscal Q1 report for the quarter ending Jan. 1, made $1.15 billion in

MoffettNathanson is the latest analyst firm to sound the alarm on fintech stocks in a report titled, “Fintech: down but not out.” Affirm (NASDAQ:AFRM) is one of the companies under fire, which provides consumers with a “buy now, pay later” option on their purchases. In the year thus far, AFRM stock has declined by over 60%.

Robinhood Markets (NASDAQ:HOOD) stock dropped by as much as 67 cents, or 5.55%, in premarket trading on Friday after Goldman Sachs declared it a sell just nine months after its initial public offering (IPO). And investors should follow that advice. Goldman Sachs Vice President Will Nance said Robinhood’s inability to grow users will hurt its

New Oriental Education (NYSE:EDU) is up more than 900% today after the stock underwent a one-for-ten American Depositary Shares (ADS) reverse split. The operation did not affect the fundamentals of the education specialist and investors should not get too excited by it. Indeed, after the ADS ratio change, EDU stock trading price was expected to increase proportionally,

Newegg (NASDAQ:NEGG) has extremely volatile shares that are causing investors a lot of skepticism. In fact, NEGG stock has tumbled nearly 13% today. That’s after having climbed up to 25% higher yesterday. So why is NEGG stock back down today? The best explanation for this wild price swing is the positioning of traders, speculators and

IMAC Holdings (NASDAQ:IMAC) stock spiked dramatically after their successful pilot program for a new retail concept: The Back Space. The project is located in select Walmart (NYSE:WMT) stores and has the potential for wide-scale expansion. The company believes it will triple its number of stores and be in at least 20 more locations by the

SoFi Technologies (SOFI) is declining alongside other tech stocks Morgan Stanley analysts believe the extension of the federal student loan payment pause could be a near-term catalyst SOFI stock has done well, but hold off on buying for now Source: rafapress / Shutterstock.com Fintech disruptor SoFi Technologies (NASDAQ:SOFI) has dropped by 45% in the last

SoFi Technologies (NASDAQ:SOFI) has been plummeting this week on fears of another pause on federal student loans. Today, the White House extended its moratorium on federal student loan payments through Aug. 31. SOFI stock is so far down about 6% today. Following this, borrowers will be required to start repaying their loans again. In this

Mullen Automotive (MULN) stock dipped 80% since its reverse merger Headwinds for electric vehicle startup stocks will carry on as EV rivalries grow The downturn will not end until Mullen brings its finished vehicles to the market Source: Ringo Chiu / Shutterstock Mullen Automotive (NASDAQ:MULN) is a new player in the electric vehicle (EV) industry.

After jumping 10.47% on Monday, FuboTV (NYSE:FUBO) has lost almost 7% today. This drop comes days after dropping its lowest-end sports bundle. The leading sports streaming platform has had a rough start to the year, as shares plunged 57% year-to-date. Despite robust top-line growth, FUBO stock has a disappointing bottom line and high costs make

Believe it or not, cannabis stocks are making a huge comeback right now! Source: Shutterstock Remember those? Cannabis stocks were the hottest tickets in town back in 2018, when Canada federally legalized marijuana. But since then, the industry’s growth trajectory has meaningfully disappointed investors. And profit margins have been crushed. The result? Cannabis stocks have

After months of holding steady, following a tremendous drop during 2021, shares in Hexo (NASDAQ:HEXO) have recently experienced a boost. Cannabis plays like HEXO stock have perked back up, on the latest talk of the U.S. federal government fully legalizing marijuana. Source: Shutterstock Trading for between 50 and 60 cents before the news, this Canada-based

Having failed with mid-market electric vehicles, General Motors (GM) is going after the luxury niche Electric Hummers and Cadillacs are meant to compete with Tesla models The mid-market electric vehicle remains missing in action, and GM stock is entering a crowded luxury EV market Source: Katherine Welles / Shutterstock.com Having failed with mid-market electric vehicles