Stocks to sell

So, it’s settled: Canadian cannabis producer Tilray (NASDAQ:TLRY) plans to acquire rival Hexo (NASDAQ:HEXO). It’s debatable, however, whether this is actually a good idea. In the same press release, Tilray disclosed its financial results for the third quarter of fiscal 2023. Suffice it to say, the data doesn’t look promising, and it’s not a good
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Shares in China-based electric vehicle maker Nio (NYSE:NIO) appeared to be on the verge of a rebound in late March, but this month, NIO stock has fallen back into a slump. Not exactly surprising, considering that the company once again has reported underwhelming vehicle delivery numbers. Some investors continue to believe in the bull case
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Electric vehicle (EV) manufacturer Lucid Group (NASDAQ:LCID) recently announced major changes that might alarm some investors. Experts on Wall Street will undoubtedly have different takes on Lucid’s plans for 2023. However, the big picture doesn’t look bullish for LCID stock. Lucid Group has been unprofitable quarter after quarter, and the company only produced 7,180 vehicles last year.
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After Tesla (NASDAQ:TSLA) stock rebounded sharply this year in-line with my previous predictions, I believe that the shares are fairly valued. Although the automaker’s delivery growth and brand remain strong, there are signs that the demand for its EVs is waning. Some of its threats and weaknesses could start significantly, negatively affecting its financial results
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Rivian Automotive (NASDAQ:RIVN) stock is once again moving lower, on the “news” a bearish research note from UBS’s Patrick Hummel. In the report, Hummel argues that the U.S. is on the verge of an automobile glut. With supply chain bottlenecks easing, automakers across-the-board are increasing production, even as demand is at the risk of cooling,
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Charles Schwab (NYSE:SCHW) (commonly-known as just Schwab) has been a reputable financial institution for many years. However, the recent banking crisis has taken a toll on SCHW stock. While Schwab probably won’t go bankrupt anytime soon, investors should still prepare for negative share-price pressure in the near term. The troubles that befell SVB Financial Group (OTCMKTS:SIVBQ) subsidiary Silicon
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ESG stocks have become very popular over the past few years. This comes as investors are increasingly concerned about the environmental, social, and governance aspects of the companies they put their money behind. Thus, many companies have seized the opportunity to project the best possible image, to increase demand for their shares. The environmental portion
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Following last month’s banking crisis, investors are on the prowl for bargains among financial stocks. When searching for low-priced bank stocks on a screener, Ally Financial (NYSE:ALLY) stock is likely to pop up. Changing hands for around $25 per share today, this automotive-focused bank also trades at a sizable discount to its book value of
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With the movie-theater sector continuing to face very tough challenges and AMC (NYSE:AMC) still carrying a tremendous debt load, AMC stock remains tremendously overvalued, and its long-term outlook is terrible. Theaters Are Still Struggling In line with my previous predictions, movie theaters are struggling, even though the coronavirus pandemic is in the rearview mirror. Since
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We’re starting to see a shakeout in the electric vehicle (EV) sector as some automakers pull ahead and others fall behind. With established motor vehicle makers such as General Motors (NYSE:GM) and Toyota (NYSE:TM) spending billions to electrify their fleets, it’s getting harder for smaller start-up companies to compete. Plus, some of the bigger players, such as Tesla (NASDAQ:TSLA) have slashed prices to
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To immediately answer the question posed by the headline of this column, I believe that Lucid (NASDAQ:LCID) and LCID stock are headed for much worse fates than Nikola (NASDAQ:NKLA) and NKLA stock. Moreover, the longer-term outlook of NKLA is much better than that of LCID. Unless Lucid can change its overall strategy or suddenly create buzz about itself and
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