Stocks to sell

Towards the end of January 2020, Muddy Waters Research posted a tweet regarding an unattributed 89-page report on Luckin Coffee (NASDAQ:LK). At the time, LK stock was trading at $32.49. Source: Keitma / Shutterstock.com The report alleged that Luckin Coffee was a “fundamentally broken business.” The report also stated that “the Company had evolved into

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

Before you think I know more about stocks than you do, consider this. Source: Shutterstock I’m the guy who recommended you buy Bed, Bath and Beyond (NYSE:BBBY) in January. Not only that, I’m the idiot who took his own advice and did it, after giving you four days to digest my stupidity. I just checked.

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

Nio (NYSE:NIO) should be avoided.  It’s heading to $0 this year. The last time I weighed in on NIO stock, it traded at $4.03 on March 4, and the company is still struggling to keep its head above water. Source: Sundry Photography / Shutterstock.com The promise of a $4 billion cash infusion was over-exaggerated. Its cash

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.

When I worked as a business analyst for Sony (NYSE:SNE), we frequently tailored marketing initiatives toward specific demographics. From a business perspective, these moves made significant sense. Because we live in a diverse country, respecting and honoring others’ cultures often created significant revenue opportunities. But in terms of Delta Air Lines (NYSE:DAL) and DAL stock,

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

Carnival (NYSE:CCL), which owns nine cruise lines — including Princess, Costa, and Holland America — opens for trade March 31 with a market cap of about $9.1 billion, and a dividend fetching a yield of 15.6%. Don’t go near it. Source: Ruth Peterkin / Shutterstock.com Cruise lines aren’t going to be bailed out by the U.S.

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

Initially starting out as a global health scare, the coronavirus from China has rapidly devolved into an existential economic threat. Perhaps no other industry best demonstrates this than the fallout in the airliner industry. In particular, Southwest Airlines (NYSE:LUV), despite having a relatively strong financial backing, has suffered badly. Even with a surge in momentum

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:

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

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

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