Stocks to sell

Even if you follow biotech stocks, I doubt that you had heard of BioNano Genomics (NASDAQ:BNGO) three months ago. The California-based company’s showcase product is Saphyr, a genome-mapping tool aimed at researchers. BioNano saw its revenue decline through 2020, and it spent most of the year as a penny stock. Last April, you could pick up

My prior bullishness toward Costco (NASDAQ:COST) stock was largely shaped by a positive experience with the company. However, my thoughts on Costco as an investment have taken a more bearish turn lately. The primary culprit? A stretched valuation. Source: ARTYOORAN / Shutterstock.com Before we get into the negatives, let’s first start with a bit of

With the shares of electric-vehicle stocks plunging, now is not a good time to buy Churchill Capital Corp IV (NYSE:CCIV) stock. Source: Pasuwan/ShutterStock.com On Feb. 22, confirming a long-running rumor, Churchill Capital, a SPAC, disclosed that it would merge with Lucid Motors. A luxury EV maker run by a former chief engineer of Tesla (NASDAQ:TSLA),

Colorado-based cryptocurrency miner Riot Blockchain (NASDAQ:RIOT) appointed board member Jason Les as its chief executive officer on Feb. 8. RIOT stock has more than doubled since the company appointed the Bitcoin (CCC:BTC-USD) expert to be its leader.  Source: Shutterstock While the stock pulled back in recent days, it’s still up more than 90% since that

The previous lack of successful biofuels in developed nations and Gevo’s (NASDAQ:GEVO) high valuation are both factors that make me cautious on GEVO stock. The company develops low-carbon renewable fuels from plant sugars, but I’m not sure it’s a sustainable buy. Source: PhotographyByMK / Shutterstock.com Other worrisome trends for the stock include the apparent lack

There is a somewhat compelling argument for Naked Brands (NASDAQ:NAKD) stock as an investment. That’s because it is one of the brands caught up in the conversations on r/wallstreetbets .  Source: Tinseltown / Shutterstock.com For investors, the question seems to be whether a few recent moves by Naked Brands are likely to propel NAKD stock

Although Clover Health (NASDAQ:CLOV) has great potential, allegations against the company by a research firm make CLOV stock too risky to buy or hold at this point. Source: Shutterstock The allegations were made by Hindenburg Research in early February. Hindenburg has shorted stocks that it issued reports about it in the past. When it issued

Tattooed Chef (NASDAQ:TTCF), the plant-based frozen food company which makes ready-to-cook bowls, produced strong results for the fourth quarter and 2020. But TTCF stock still looks to be fully valued, even though it has come down a bit from its recent peak. Source: Shutterstock TTCF stock went public via a SPAC deal last year and

When a sector gets hot, it often brings its weakest plays along for the ride. That’s exactly what going on with Ayro (NASDAQ:AYRO) at the moment. So, if you had any interest in AYRO stock, let me be the first to nudge you the other way. Source: Shutterstock After all, electric vehicles (EVs) are an

Investors in hydrogen fuel cell maker Plug Power (NASDAQ:PLUG) have had a great year so far. PLUG stock is up over 730% year-to-date and hit a recent multi-year high on Nov. 24. Its 52-week range has been $2.53 – $28.70. Source: Shutterstock The presidential election season has been the catalyst behind the rally in many alternative

As you have probably figured out by now, the onset of the novel coronavirus hit some companies harder than others. We can look at American Airlines (NASDAQ:AAL) as a prime example of this. Profound changes in the economy have made it difficult to profit from AAL stock long-term. Source: GagliardiPhotography / Shutterstock.com Sure, it might be

Sundial Growers (NASDAQ:SNDL) is a Canadian cannabis company that is fast running out of cash unless sales and cash flow turn around soon. SNDL stock is a penny stock listed on NASDAQ with lots of risks. Serious investors should avoid this stock like the plague. Source: Shutterstock You can see the problems that Sundial is

With a new administration comes stocks to sell, but just when you thought the drama involving the 2020 election was over, Fox News revealed a startling story. Recently, two Los Angeles men were arrested after attempting to submit 8,000 ballot applications in place of nonexistent or deceased U.S. citizens. The effort involved fraudulently attempting to

There has been quite a shift in the energy markets, even before the pandemic turned the world upside down. As such, there are plenty of reasons to avoid energy stocks that just aren’t what they used to be. In 2019, oil hit nearly $63 a barrel. But it had been on a long downward trend

Perhaps the most powerful representation of the novel coronavirus pandemic’s destructiveness came from the oil market. Earlier this year, prices for barrels of crude dipped into negative territory – it made more sense to pay not to take delivery, which of course made no sense at all. Therefore, it’s no surprise that Exxon Mobil (NYSE:XOM)

I have to hand it to the management of fossil-fuel giant Exxon Mobil (NYSE:XOM). Despite all of the issues plaguing the energy sector, Exxon Mobil’s executives seem committed to maintaining the high dividend yield of  XOM stock. Source: Jonathan Weiss / Shutterstock.com Is this commendable or just stubborn? That’s a legitimate question as the onset of

Shares of Carnival Corporation (NYSE:CCL) are down roughly 27% after canceling its entire U.S. fleet until Dec. 31. With the CDC’s no-sail order expiring late last month, investors felt the cruise liner would quickly get the ball rolling again. However, the opposite has transpired so far, with the company in no mood for a fast

Tech stocks have the potential to deliver spectacular returns. Even older companies that fall to the wayside can release a new product that turns out to be a game changer. Investors won’t easily forget about about the once-struggling PC maker that went on to release the iPod and iPhone — becoming America’s first $2 trillion

Hyliion (NYSE:HYLN) stock is one of the SPAC-funded,  electric-vehicle names that have recently hit the markets. Investors know all about Nikola (NASDAQ:NKLA) and its woes. Lordstown Motors (NASDAQ:RIDE) and Fisker (NYSE:FSR) are two of the other EV companies that have obtained funding by merging with a SPAC. But Hyliion stock is not as well-known as

Even in the midst of the second — and possibly third — wave of the novel coronavirus, many investors are hunting for a perfect “recovery trade.” Beaten-down banks like Wells Fargo (NYSE:WFC) might seem like a good candidate for an investment. After all, WFC stock is “cheap,” right? Source: Martina Badini / Shutterstock.com The thing is,