Stocks to sell

It’s been a terrible year for Chinese coffee chain Luckin (NYSE:LK). LK stock is down a whopping 92% so far this year as the company struggles with the consequences of its fraud scandal. Source: Keitma / Shutterstock.com This week major banks won a legal battle that will force Luckin Chairman Charles Lu to liquidate millions

Those who follow me know that I am long-term bullish on the cannabis space. But that does not mean I am bullish on every stock in the industry, like Tilray (NASDAQ:TLRY). While TLRY stock has done a great job bouncing off the 2020 lows, that alone does not mean it’s a buy. Source: Jarretera /

Shares of hybrid truck design and manufacturing company Nikola (NASDAQ:NKLA) have settled somewhat after going on a massive bull run fueled by short-term speculation after a reverse merger with VectoIQ. Nikola stock shot up 86% to reach a record high of $93.99 per share, but shares have cratered since then. Although it’s down by a fair

With more than half the states in the U.S. considering some measures to slow down their re-opening efforts due to surging novel coronavirus cases, the markets are once again having to adjust to events. Although many might see this as an opportunity to buy blue-chip stocks, not all of these investments are practical right now.

The retail sector has seen the following common saying play out: “The cream of the crop rises to the top.” Thanks to the novel coronavirus, we’ve seen this play out faster than ever before. Retailers like Rite Aid (NYSE:RAD) are not what they used to be, and that’s clear after Rite-Aid stock underwent a 20-for-1

Whiting Petroleum (NYSE:WLL) stock is going to get a massive haircut. That will occur when a new set of shareholders are granted 97% of WLL stock. That means that the present stock price, not necessarily its market value, will take a big hit. Source: Shutterstock I have written several articles recently describing the math behind

Even when a company files for bankruptcy protections, there’s still a sliver of a possibility that the company’s stock will go up. That’s why some people continue to buy shares of Whiting Petroleum (NYSE:WLL). They want to beat the odds, flout conventional wisdom and turn a sizable profit with WLL stock. Source: Shutterstock Thus, we

Luckin Coffee (NASDAQ:LK) is one of the most infamous stocks of the year. The scandal that caused LK stock to plummet has essentially put all Chinese companies listed on U.S. stock exchanges in the firing line of the US government. Source: Keitma / Shutterstock.com I wrote about Luckin Coffee’s dire position last month, and since then

Many investors keep General Electric (NYSE:GE) on their radar. They know GE stock well from its glory days and see it now trading in the single digits. At some point, there has to be value, right? Source: JPstock/Shutterstock.com Unfortunately, that’s a harder case to prove. General Electric has done a lot to overhaul its organization.

Oil stocks have been all over the place in recent weeks. Prices for crude oil are trending upward, leading many investors to believe now is a good time to buy. But rising oil prices won’t necessarily translate into big gains for many energy firms. And they may put a crimp on the dividends that bring

I wrote critically about Virgin Galactic (NYSE:SPCE) on April 14 when it was at $19.03 per share. My article struck right at the main problem for SPCE stock — nothing will help the company stop losing money. Since then, shares have fallen below $17. Source: Tun Pichitanon / Shutterstock.com And I believe SPCE stock will

Since June 3, when I told readers they should sell shares in Luckin Coffee (NASDAQ:LK), the scandal-plagued Chinese coffee delivery service, what do you think has happened? LK stock is up 40%. Source: Keitma / Shutterstock.com If you’re a small investor, as I am, you’re still right to avoid frauds and sell out when you

Under Armour (NYSE:UA, NYSE:UAA) offers very little to talk about on the positive side these days. Its first quarter earnings were deep in the red and the outlook for its performance apparel is not any better. I am skeptical of the recent rise of UA stock off of its lows. I suspect there may be

So far in 2020, Nokia (NYSE:NOK) stock is up over 15%. Yet that number tells only half the story. On March 18, NOK stock hit a 52-week low of $2.34. Now, it is hovering at $4.3. Put another way, if you were brave enough to invest $1,000 in the shares in late March, your investment would

Opinions on Delta Air Lines (NYSE:DAL) come down to only one thing. How do you feel about a possible second wave of the novel coronavirus? If you watch Delta stock, the answer seems to be that investors are not that concerned. The stock is up over 40% since collapsing in March. This is despite that

At its current price of $16.49 per share, American Airlines (NASDAQ:AAL) stock is still relatively close to its 52-week low of $8.25. Investors may be tempted to pick up AAL stock because of an assumed impending price bump as flights ramp up. Source: GagliardiPhotography / Shutterstock.com But Main street investors like you and I first

For department store giants like Macy’s (NYSE:M), the novel coronavirus pandemic was precisely the opposite of what they needed. Even in the best of times leading up to the crisis, brick-and-mortar stores dependent on the slowly dying shopping mall business model were struggling. But the coronavirus was particularly cruel to Macy’s stock, which saw its

In May, J.C. Penney filed for bankruptcy. And yet, since May 20, JCP stock — which now trades under the ticker, JCPNQ, to symbolize J.C. Penney’s bankrupt nature — has essentially doubled. Source: Supannee_Hickman / Shutterstock.com Why? Unchecked, and largely unwarranted, speculation. In essence, traders appear to be doing one of two things. They are

[Editor’s Note: “30 Stocks on a Deathwatch” was originally published in March 2020. It is regularly updated to include the most relevant information.] If you looked at roughly the first half of June, you would have every reason to believe that the economy was on a clear recovery path. First, the May jobs report unexpectedly

As volatility once again increases in broader markets, investors are wondering what may be next for energy companies like Marathon Oil (NYSE:MRO). Year-to-date, MRO stock is down over 50%, hovering at $6.7.  Source: IgorGolovniov / Shutterstock.com Today, I’ll discuss what investors may expect from Houston-based petroleum and gas exploration and production company shares. The oil price environment