Stocks to sell

All things considered, Americans are a forgiving bunch. Either that, or they’re too apathetic to hold a grudge for long. Whether it’s a food-poisoning crisis at a popular eatery or a severe data breach, most folks seem willing to accept an extended olive branch. Unfortunately, Wells Fargo (NYSE:WFC) isn’t benefitting from American graciousness. In fact,
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Chesapeake Energy (NYSE:CHK) looked to be on the mend. From late November, the shares went from $0.57 to $0.95. But unfortunately, the gains proved to be temporary. Keep in mind the CHK stock is now at $0.52. Source: Casimiro PT / Shutterstock.com Even though the company is at penny-stock levels, the valuation on the equity
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For the most part, it’s been tough for recent unicorn IPOs. Just look at the offerings from companies like Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) and SmileDirectClub (NASDAQ:SDC). They have all sustained material losses for shareholders. Then again, Wall Street has been getting antsy with companies that do not have a clear path to profitability. Source: Sundry Photography
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Struggling home furnishings retailer Pier 1 (NYSE:PIR) is in crisis mode right now. Sales are in free fall, margins are eroding and losses are widening. Cash balance is dwindling, liquidity risks are escalating and management is planning to close nearly half of the company’s locations. Source: Jonathan Weiss / Shutterstock.com In a nutshell, nothing is
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