On the heels of its second-quarter Source: Jonathan Weiss / Shutterstock.com earnings report last week, Nordstrom (NYSE:JWN) got a much-needed boost. The Nordstrom stock price swiftly went from $25 to $29. But of course, for those who have been long on JWN stock for some time, this was far from enough. The fact is the
Stocks to sell
Analysts tend to regard large market cap companies as good and stable long-term investments. Therefore, I personally do not make investment decisions on such solid stocks based on daily hype. However, even the darlings of Wall Street get held down from time to time. Today I’m going to discuss three stocks, 3M (NYSE:MMM), Johnson &
Without a doubt, youth-centric social media firm Snap (NYSE:SNAP) is one of the surprise comeback stories of 2019. It was a completely different story last year. Excepting a brief pop in February of 2018, SNAP stock incurred a horrific collapse in the markets. Now, it’s made up those losses from last year January, and then
If it seems like Tesla (NASDAQ: TSLA) stock investors can’t catch a break, it’s true. But it’s not just bad luck. We all know super smart people who, no matter how great they were in school, can’t help making poor decisions. Unfortunately for TSLA stock investors, it’s looking more and more like their CEO, Elon
Nio Inc (NYSE:NIO) the Chinese electric vehicle (EV) company is faltering. Not only were its July deliveries disappointing (down 38% from June) but there is no indication of whether NIO stock has enough cash to survive its massive cash burn. Source: THINK A / Shutterstock.com Here is what we know about Nio’s cash position. Five
If you’re a world history buff, you’ll probably know the story of how the Roman Empire, once mighty and dominant, overextended itself and eventually went into a well-documented decline. I see the same trajectory for Amazon (NASDAQ:AMZN) stock, which represents a company that has gotten too ambitious for its own good. Source: Worawee Meepian / Shutterstock.com
If you stripped consumer electronics giant Apple (NASDAQ:AAPL) from all context, you’d think that the company is doing well. For example, Apple stock is up over 33% since the beginning of January. But at the same time, that’s what makes AAPL so dangerous: it lulls investors into a sense of complacency. Source: dennizn / Shutterstock.com
It’s been an exciting week on the trade war front. On Friday, the stock market plunged. This came after China increased tariffs toward the U.S. and President Donald Trump responded with his own escalation in tariffs, along with referring to China’s leader as an “enemy” of the United States. On Monday, however, Trump partially walked
For quite some time, the major financial institutions, such as Bank of America (NYSE:BAC), JP Morgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC), have been questionable investments. For example, while the BAC stock price has offered a powerful return since President Donald Trump won the 2016 election, fundamentally, BofA has not forwarded a convincing narrative.
For the past several months, I’ve been sounding the bull horn on shares of Home Depot (NYSE:HD). During that stretch, HD stock has risen nearly 30%. Source: Helen89 / Shutterstock.com As enthusiastic as I was (see here and here), not might be the time to start taking those earnings before they evaporate. Instead, it’s time
Few internet companies are as old, or as relentlessly controversial, as Overstock (NASDAQ:OSTK). Source: Shutterstock Founded in 1997 to compete with Amazon (NASDAQ:AMZN), it launched a liquidation business for other dot-com companies in 1999. It then tried to compete more directly with TV ads featuring German model Sabine Ehrenfeld. Meanwhile CEO Patrick Byrne, whose father John Byrne made
The thesis sounds reasonable enough, on the surface. Advanced Micro Devices (NASDAQ:AMD) is in the midst of a turnaround that’s put rivals Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA) on their heels. Therefore, buy AMD stock to plug into the rebirth. Now more than three years — and more than 1,500% — into the turnaround though, it
Over the past year, there has been a lot of bullishness out there with respect to Bank of America (NYSE:BAC). Specifically, according to YCharts, BAC stock has consistently maintained a consensus “Buy” rating from Wall Street analysts over the past twelve months. Source: Shutterstock During that stretch, BAC has lost more than 10%, while the
Several of my InvestorPlace colleagues have written about Exxon Mobil (NYSE:XOM) lately. Most of the commentary quite positive. Several recommending you buy Exxon stock for the long haul. Source: Jonathan Weiss / Shutterstock.com David Moadel’s August 20 headline read, Fill Up on Exxon Mobil Stock Now for an Imminent Rebound. Tim Biggam’s August 14 article
In recent years, Rite Aid (NYSE:RAD) stock has done little more than fight to survive. The Camp Hill, Pennsylvania-based pharmacy chain has long struggled against its peers and has failed at multiple attempts to sell itself to a competitor. This resulted in shareholders approving a 1-20 reverse stock split in April to avoid delisting. However,
Earlier this year, I shared my thoughts on the shares of online discounts marketplace Groupon (NASDAQ:GRPN). My thesis was pretty simple. Specifically, I believed that, over the long-term, Groupon has staying power in the commerce world as a go-to discounts marketplace for a loyal base of consumers, and that GRPN stock would rise meaningfully. But
Food and product packaging: there’s nothing controversial about that, right? It seems perfectly safe to invest in this industry, and particularly in Sealed Air (NYSE:SEE) stock, which has traded in a rather boring range for three months now. Source: Shutterstock There’s nothing boring, however, about this company lately as a government investigation has shaken some
For a stock that gets as much attention as Netflix (NASDAQ:NFLX), one “minor” detail seems to be going overlooked these days. Down more than 23% from its 52-week high, Netflix stock, believe it or not, is currently mired in a bear market. Source: Riccosta / Shutterstock.com So what’s ailing once-beloved Netflix stock? Fortunately, the question