U.S. equities are falling hard on Wednesday as growth and valuation concerns seep in. It’s not helping that the venture capital IPO bubble is popping either, with Peloton (NASDAQ:PTON) suffering an embarrassing opening while the WeWork IPO was cancelled. There are reports that VC firms are now advising their investments to avoid attempting to go
Stocks to sell
Shopify (NYSE:SHOP) was on a smooth uptrend in 2019. From $138.5 at the beginning of the year, Shopify stock surged by 196% to highs of $409.6. Source: Beyond The Scene / Shutterstock.com Currently, the stock is lower by 26% and trades at $302. A 26% correction can just be on account of profit booking after
Roku (NASDAQ:ROKU) stock is up about 243% this year. This is after falling 40% from its peak in September. What’s going on here? Will the stock continue to slide – or should it? Source: Fozan Ns / Shutterstock.com The hard reality is the ROKU is not only not profitable, but it is facing real competition. Roku
As we enter the final quarter of 2019, most companies are getting ready to report earnings. Today, I’d like to discuss three tech stocks that will likely exhibit volatility and profit taking in the coming weeks. Specifically, the three tech stocks to sell are Facebook (NASDAQ:FB), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). With these stocks, you may consider waiting
Right now, the conventional wisdom is that this is a good time to look at aerospace/defense stocks. And if you look at a chart, there’s good evidence for that. People tend to race into defense stocks whenever there’s turmoil overseas. While it’s always troubling on a personal (and political) level, there is a silver lining
Shopify (NYSE:SHOP) has been a star for ahile, but it looks as if the shine on Shopify stock is beginning to fade. Source: justplay1412 / Shutterstock.com To be fair, they’re not alone. Lately, there has been a deflating of many tech high-fliers. Just look at the drops in stocks like Slack (NYSE:WORK), Roku (NASDAQ:ROKU), Workday (NASDAQ:WDAY)
Here’s a bit of sobering news for Exxon Mobil (NYSE:XOM) bulls. Ten years ago, Exxon Mobil was a $70 stock. Today, XOM stock trades hands around $70. In other words, XOM stock hasn’t gone anywhere over the past decade. During that stretch, the S&P 500 has risen nearly 200%, Amazon (NASDAQ:AMZN) stock has jumped nearly
Lyft (NASDAQ:LYFT) stock continues its slide. Its short-term fortunes have worsened as new laws in California will now force the company to treat drivers as employees rather than contract workers. Source: Tero Vesalainen / Shutterstock.com This bill may actually make little difference to Lyft’s future. Longer term, LYFT could still become not only profitable but
If you follow the cannabis industry, you are probably familiar with Canopy Growth Corporation (NYSE:CGC). In August 2018, CGC was considered to be one of the pioneers and leaders of the industry. Analysts and the financial media were very bullish on its prospects. In the months leading up to Canadian legalization of cannabis in October
From a very basic angle, the investment narrative for Beyond Meat (NASDAQ:BYND) is incredibly compelling. I don’t need to quote any sources to tell you that we live in a meat-obsessed society. From fast-food joints to Michelin star restaurants, our dietary options are filled to the brim with animal-based proteins. What makes Beyond Meat stock
The past year has been a bumpy one for General Electric (NYSE:GE) stock, and the roller coaster looks to be far from over. General Electric stock has suffered due to ongoing concerns about its financial stability and a global push to reduce reliance on fossil fuels. However, things went from bad to worse for GE
Lyft (NASDAQ:LYFT) is having a rough start as a public company. Since its initial public offering in March, the LYFT stock price has been nearly cut in half. One dark cloud hanging over the company is the Gig Work Bill (AB5) that California’s state assembly passed in May. If Lyft and other ride-hailing companies are
U.S. equities started Thursday off on a dour note as U.S.-China trade concerns continue to weigh. The impeachment inquiry in Washington is hitting sentiment as well. Energy and technology are leading the decline. A number of popular and well known entertainment stocks and big tech stocks (because, let’s be honest, there is so much crossover
Chinese premium electric car manufacturer Nio (NYSE:NIO) reported its Q2 earnings before the bell on Tuesday morning. In anticipation of bad news, skittish investors had driven Nio stock to a 10.5% loss on Monday. Source: Sundry Photography / Shutterstock.com When those Q2 results came in, the situation quickly became even uglier, and that Nio stock
Nio (NYSE:NIO) just reported another disastrous quarterly earnings result. On Tuesday, NIO stock plunged 20%, and that’s on top of a big decline heading into the earnings report. Putting the declines together, NIO stock is at new all-time lows, and it briefly dipped below the $2-mark on Tuesday, adding insult to injury. Source: xiaorui /
For years, AT&T (NYSE:T) stock has been a “yield trap.” This is a stock who’s dividend is too good to be true. T stock’s dividend yield of 51 cents per share, currently yielding 5.5%, has been thought unsustainable by many analysts. Since AT&T stock has 7.31 billion shares outstanding, the dividend costs almost $15 billion
Canopy Growth (NYSE:CGC) is a popular stock for cannabis investors due to the company’s high valuation. But the company’s growth story is much less compelling than it was a year ago. CGC stock is currently down 51% after a series of missteps. Source: Jarretera / Shutterstock.com I’ll admit to being a skeptic when it comes
As long as you’re using a very small portion of your trading account, respecting your stop-losses, and able to handle the risks involved, it might be okay to bet on a lesser-known investment like Okta (NASDAQ:OKTA), but Okta stock comes with a lot of baggage. Source: Sundry Photography / Shutterstock.com I’m not against taking on some riskier
Drugstore chain Rite Aid (NYSE:RAD) is fighting for its life, if the recent and not-so-recent performance of Rite Aid stock is any indication. Source: Susan Montgomery / Shutterstock.com That’s a tough truth for shareholders to hear, but that doesn’t make it not true. Remember, this is the same company that in 2015 was willing to
Aurora Cannabis stock (NYSE:ACB) holders have had a rough couple of weeks. In early September it seemed like the long-term downtrend may have finally come to a merciful end. In a matter of just a few days the ACB stock price rose by around 15% rallying from levels around $5.50 to $6.45. Source: Jarretera /