Stocks to sell

When oil services giant Halliburton (NYSE:HAL) reported its first-quarter results on Monday, the share price shot up by about 15% to $7.94. But unfortunately, this was little comfort for longer-term shareholders. Consider that – a year ago – Halliburton stock was at $31 or so. Source: Casimiro PT / Shutterstock.com OK then, so let’s take

There’s a narrative surrounding Rite Aid (NYSE:RAD) stock that I don’t completely agree with. According to that narrative, RAD stock is a ‘cheap’ bet on a potential turnaround under new management. Source: Jonathan Weiss / Shutterstock.com That’s true as far as it goes. Heyward Donigan took over as chief executive officer in August. Rite Aid

Wall Street looks vulnerable to another pullback here as the post-Covid-19 rebound capped out near a 50% retracement of the initial selloff and has been sliding sideways for weeks. To be sure, there are plenty of things to be worried about: Evidence of a prolonged economic shutdown, chaos in the energy markets, and concerns a

The coronavirus pandemic is creating changes to the global economy that can make you seem like you’re living through a movie. Businesses are closed not due to lack of demand, but because supply was cut off. And that is causing more problems for some troubled stocks. Millions of Americans are under shelter in place orders.

Airline stocks have been in news with the industry among the worst hit due to the crisis triggered by the novel coronavirus. With most airline stocks plunging, there is ample discussion on value buys in the industry. American Airlines (NASDAQ:AAL) stock has declined by 64% from fiscal year 2020 highs and currently trades at $11.

The stock market’s powerful snapback rally seems to be in a holding pattern – but it could launch again once Wall Street fully digests the bad news on oil and investors look for stocks to purge. It’s anyone’s guess how much higher this rally goes, but it has already vaulted the S&P 500 Index to

Presently, the oil market is giving you a case of good news and bad news, depending on your perspective. If you’re in the market to buying a new or used car, you’re living a charmed life. On the other hand, if you’re deeply invested in oil firms like BP (NYSE:BP), you should consider an exit

About a year ago, Marathon Oil (NYSE:MRO) stock was trading at about $19. But even before the novel coronavirus severely impacted the world economy, the share price was already eroding. Although, during the past few months, the bear move has certainly accelerated. Note that MRO stock is now trading around $4.50. Source: Casimiro PT /

After a lot of debate, the airlines got their government aid package. Traders cheered, if only for a moment. As is often the case, though, it quickly turned into a “sell the news” moment. With the positive catalyst behind us, airlines stocks are sinking again as folks consider the longer view. It’s great that the

Never short on scandals and controversies, Uber Technologies (NYSE:UBER) may not warm most people’s hearts. However, it’s undeniable that the company revolutionized the concept of ride sharing. A cost-effective means of bypassing the traditional taxi service, the innovative platform has found rapid adoption, especially among younger adults. It’s also provided valuable services across multiple demographics,

Royal Caribbean (NYSE:RCL) has been absolutely hammered over the past month amid the novel coronavirus pandemic. RCL stock is down a stark 74 percent so far this year and will almost certainly keep falling amid travel shutdowns, quarantines and the economic fallout from Covid-19. Source: Laszlo Halasi / Shutterstock.com Contrarians have been sniffing around cruise stocks in

Shares of cloud contract company DocuSign (NASDAQ:DOCU) have soared amid the novel coronavirus pandemic, on the idea that with most companies employing “work-from-home” strategies, DocuSign’s virtualized cloud contract solutions are increasingly turning into a must-have enterprise solution. Source: Sundry Photography / Shutterstock.com Consequently, under the impression that DocuSign demand has burgeoned over the past month,

What’s left to say about General Electric (NYSE:GE) stock? Before the novel coronavirus, the company already had a heap of problems. But now the floundering conglomerate is in an even worse place. Source: Sundry Photography / Shutterstock.com GE stock has been a turnaround play for years. Since CEO Larry Culp took the reins in 2018,

Prior to the historic OPEC+ deal, Saudi Arabia shocked the global community when it engaged in a bitter oil price war with Russia. Naturally, this impacted the U.S. energy markets, particularly oil firms that were already deeply embattled. But the geopolitical rift also took down sector giants like Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). Fortunately,

If you’re optimistic about a quick, V-shaped recovery, you might be in the minority. According to a CNBC report, the U.S. suffered severe economic losses last month due to the novel coronavirus impact. In March, retailing sales fell 8.7%, the most ever in government data. Plus, New York’s regional manufacturing activity dropped to a record

After developing a novel coronavirus test in lightning speed, Co-Diagnostics’ (NASDAQ:CODX) stock soared to the stratosphere. The shares of the previously little-known company surged from less than $1 at the end of 2019 to a high of nearly $22 at the beginning of March. Source: Shutterstock But since then, for good reason, the stock has

One of the last things that anyone needs during a pandemic is a ride-sharing service, especially when travel is restricted and social distancing is the new buzzword. And that’s just one of the problems facing Lyft (NASDAQ:LYFT) stock these days. Source: OpturaDesign / Shutterstock.com Worse, Lyft isn’t even the leader in that space — the

At-home connected fitness company Peloton (NASDAQ:PTON) has turned into one of Wall Street’s favorite stocks to buy amid the novel coronavirus pandemic. This investor favoritism has led PTON stock to essentially double over the past month alone. Source: Sundry Photography / Shutterstock.com The logic ostensibly makes sense. The at-home fitness trend — which was already

On Feb. 13, I warned investors holding Aurora Cannabis (NYSE: ACB) stock there could be more pain ahead. Since then, the stock is down another 49.6% to trade under 75 cents. Source: Jarretera / Shutterstock.com This week, Aurora announced a new $350 million equity facility and a 12-to-1 reverse stock split. Aurora stock has tremendous

Alternative-meat producer Beyond Meat (NASDAQ:BYND) has never been a consistent market entity in its short life. Therefore, it wasn’t particularly surprising when BYND stock jumped substantially higher in the early weeks of 2020. With the underlying company’s fake meat products finding significant momentum at fast-food eateries, the signs were initially positive. Source: Shutterstock That is