Stocks to sell

[Editor’s Note: “Even as Penn National Gaming Stock Rebounds, Consider Other Casino Plays” was originally published April 17, 2020. It is regularly updated to include the most relevant information.] Source: Jeffrey J Coleman / Shutterstock.com What’s next for Penn National Gaming (NASDAQ:PENN) stock? Shares have skyrocketed in recent weeks. With casinos reopening after the novel

Back in April, I held a bearish outlook on Penn National Gaming (NASDAQ:PENN). At that time, casinos were still closed and the return of live sports seemed very cloudy. However, many investors did not agree with me, and they’ve been rewarded. PENN stock has nearly doubled in the last month. Source: Jeffrey J Coleman /

There are huge red flags these days surrounding Wells Fargo (NYSE:WFC) and Wells Fargo stock. The beleaguered bank has been lagging behind its competitors in the big bank space, and now its dividend is in danger, too. Source: Kristi Blokhin / Shutterstock.com It’s true that a frothy dividend is the only reason to hold WFC

Royal Caribbean (NYSE:RCL) is having itself a month. RCL stock is up over 40% since the beginning of May on what can only be described as discount shopping at the clearance rack. Right now, it seems that investors keep buying the stock as if they’re afraid of missing out on the next leg up. Source:

Already embattled industrial firm General Electric (NYSE:GE) really didn’t need the novel coronavirus to add any more excitement to its journey. After tumbling into ignominy, the company appeared to be turning a corner. Then, the Covid-19 pandemic scuttered that momentum, sending GE stock plummeting back down to earth in March of this year. Source: JPstock/Shutterstock.com

It has been a disastrous year for retail companies. The shift to e-commerce was already accelerating toward the end of 2019, with brick and mortar stores struggling to grow sales despite a strong economy. Then the novel coronavirus hit, shuttering physical retail and forcing consumers onto the internet. That’s particularly bad news for J.C. Penney (OTCMKTS:JCPNQ)

[Editor’s note: “After 70% Rebound, It’s Time to Ditch Chevron Stock” was originally published April 6. It has since been updated to reflect the most relevant information available.] Source: Jeff Whyte / Shutterstock.com What’s next for Chevron (NYSE:CVX)? Like its major oil company peers, Chevron stock has moved higher in the past two months, as

In two previous columns, I’ve discussed the threats that Advanced Micro Devices (NASDAQ:AMD) is facing from its relatively weak artificial intelligence capabilities and its dependence on China. There are clear indications that both of those problems are intensifying, making AMD stock very risky at its current levels. Source: Grzegorz Czapski / Shutterstock.com AMD is still

When accusations against Luckin Coffee’s (NASDAQ:LK) accounting of false sales proved true, investors rightfully headed for the exits. LK stock fell from the mid-$20s and settled at $2.16. Source: Keitma / Shutterstock.com The miniature rallies will not likely have enough momentum to offset investors who bought shares in the $30s and $40s. Still, the company

There’s an odd psychology that arises with stocks like JCPenney (OTCMKTS:JCPNQ) that head into bankruptcy. Some investors convince themselves the stocks are “cheap.” We’re seeing a bit of that now with JCP stock (I’ll use the old ticker for simplicity’s sake). Source: Supannee_Hickman / Shutterstock.com After all, the stock price certainly looks cheap. JCP stock,

Macy’s (NYSE:M) has been hammered and by this point, no one is surprised. Malls have been closed and retail sales have plunged. Source: digitalreflections / Shutterstock.com From the 2020 peak to the March trough, Macy’s stock fell 75% amid the novel coronavirus pandemic. However, shares have been bouncing back with a force. The stock is

Describing just how bad things are for Chesapeake Energy (NYSE:CHK) isn’t difficult, and it’s even doable over short time frames. For the month ending May 28, CHK stock is off more than 54%. To put that in context, the Energy Select Sector SPDR ETF (NYSEARCA:XLE) is higher by 7.6%. Source: Casimiro PT / Shutterstock.com There was

Halliburton (NYSE:HAL), the oilfield services company once run by former vice president Dick Cheney, is in deep trouble. A reported loss of $1 billion, $1.16 per share, on revenue of $5 billion during the March quarter is just part of of the problem for Halliburton stock. While domestic activity dropped 25% during that quarter, the

In a recent write-up, I discussed how Penn National (NASDAQ:PENN) stock isn’t the best casino play out there. But, given how shares have skyrocketed in recent weeks, did I miss the mark? Or was I too early to the party, going bearish before the excitement dissipated? Source: Casimiro PT / Shutterstock.com A little from column

Snap (NYSE:SNAP) doesn’t look bad for a company that often gets lost in the shuffle with Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) dominating headlines in the social media space. SNAP stock gained close to 11% in value over the last month. Source: Ink Drop / Shutterstock.com After a stellar first-quarter report, SNAP stock recorded a 36.7%

The global economy is beginning to reopen, and that is very good news. Oil stocks were under pressure even before the pandemic hit, but things got worse as lockdowns began. Demand fell of a cliff, and even Exxon Mobil (NYSE:XOM) stock took a plunge. Source: Michael Gordon / Shutterstock.com At one point, Exxon Mobil stock was trading

With reopening America on the minds of investors and consumers alike, many beaten down stocks are on the mend. One of the biggest names in that regard has been Carnival Cruise (NYSE:CCL). CCL stock has given investors hope, more than doubling from its March low. Source: Ruth Peterkin / Shutterstock.com But is there a false

I don’t think there’s any company that has suffered worse from the novel coronavirus than Boeing (NYSE:BA). Sure, several companies have gone bankrupt, such as J.C. Penney (OTCMKTS:JCPNQ) and more recently Hertz Global (NYSE:HTZ). But these were already deeply troubled organizations. Regarding the airplane manufacturer, despite its own problems, it still represented American economic and

Retailers have been particularly hard-hit by the novel coronavirus pandemic. Lockdowns forced store closures, crippling sales. Meanwhile, operating expenses like costly leases continued. Macy’s (NYSE:M) was no exception to the bloodbath. Nothing in the department store’s long history prepared it for the situation it has faced. On Wednesday, Macy’s stock closed at $7.38, after posting a

Luckin Coffee (NASDAQ:LK) was poised to become the Starbucks (NASDAQ:SBUX) of China, after hitting a market capitalization of $3 billion in less than two years. Now the Starbucks comparison seems farfetched at best. Instead, LK stock now belongs in the company of disgraced organizations Worldcom and Enron. Source: Keitma / Shutterstock.com Reports of murky accounting