Call them sucker stocks, stocks to avoid or whatever you’d like. Regardless of how they’re categorized, there are some companies investors should stay far away from right now. A few of the companies on this list look bad because of the pandemic. Some weak electric vehicle (EV) companies also make an appearance, along with some
Stocks to sell
Krispy Kreme (NASDAQ:DNUT) stock may not be in the hands of a hedge fund, but that doesn’t make it a safe bet. Source: Shutterstock Hedge funds buy companies, take them private, load them with debt, then take them semi-public again, retaining control. But anything a hedge fund can do a family can do if it
It’s rare that questions about where employees are when they’re working can put stocks at risk, but returning to work after the pandemic has become a hot-button issue in corporate America. According to a survey by Morning Consult, nearly half (40%) of workers in the U.S. say they would consider quitting their current job if
With meme stocks starting to tumble and Wall Street becoming much more skeptical about Clover Health (NASDAQ:CLOV), the outlook of CLOV stock has deteriorated meaningfully in recent weeks. Source: Shutterstock Meanwhile, Clover’s claims to be a high-tech disruptor are questionable, and the company continues to face Securites and Exchange Commission and Department of Justice probes,
The debate around cryptocurrency is always hot. Opinions are binary between haters and absolute lovers. But there is a giant portion of the population apathetic about the whole thing. Those are the future upside feeders to Coinbase (NASDAQ:COIN) and COIN stock. Source: Primakov / Shutterstock.com Many of my family members are in that group. They
Nvidia (NASDAQ:NVDA) stock is one of the great positions in my retirement account. I got in about two years ago at $150/share. It opened on July 14 at $816.02. Source: Antonio Baccardi / Shutterstock.com Nvidia is due to split 4:1 on July 20. Shares are up 35% since the split was announced although we all
With the stock-trading paradigm supposedly having shifted because of the novel coronavirus, fuel-cell electric vehicle (FCEV) specialist Plug Power (NASDAQ:PLUG) looks awfully enticing. From its peak 2021 closing price of $73.18, PLUG stock is now down more than 60%. Of course, in this day and age of social media, such a decline represents about as
Just 18 months ago, Palantir (NYSE:PLTR) was a struggling tech unicorn. Its revenue growth was decelerating, and its valuation was rumored to be declining on the private market. All the signs pointed to Palantir not living up to its long-running hype. However, PLTR stock came public via a direct listing last fall, and soon the meme-trading
If you took a look at the price chart for Penn National Gaming (NASDAQ:PENN), you can’t help but come away with the impression that its shares have traded strangely in line with new novel coronavirus infections. You’ll recall that public health officials recommended people avoid Super Bowl parties due to the threat of dramatically rising
They say fools rush in where angels fear to tread, and so it is that I am once again writing about Ocugen (NASDAQ:OCGN) stock. Source: Shutterstock And once again, at the risk of sounding like a fool, I simply don’t understand the bull case for OCGN stock based on a potential Covid-19 vaccine. Ocugen is
Despite a decline of nearly 10% from June 21 through June 25, MicroVision (NASDAQ:MVIS) remains a Reddit stock winner in 2021. As I write this article, MVIS stock is up over 178% for the year. It’s hard to argue that retail investors haven’t been successful. Their conviction — and short interest that sits around 17%
Any time I write about meme stocks, I like to distinguish between trading and investing. I have no idea where AMC Entertainment (NYSE:AMC) will trade next week or next month. If you are YOLOing on AMC stock the same way you’s bet on a horse at the Kentucky Derby, this story is not for you.
I’ve been a big fan of bank stocks for years. This is mainly due to their humble valuations. All the major ones are of great quality yet have been cheap for far too long. By saying that, a reader would presume that I am writing positively about the upside opportunity in Bank of America (NYSE:BAC)
Given Organon & Co’s (NYSE:OGN) low growth, its sizeable competition, its lack of concrete positive catalysts, and the fact that its management plans to institute an average dividend in the future, I urge investors to avoid OGN stock for now. Source: Shutterstock Moreover, although Organon says that it’s looking to make acquisitions, its relatively low
There’s an argument to be made that all of the recent movement in Orphazyme (NASDAQ:ORPH) is simply a sign of the times. Even if it isn’t, there’s little reason to invest in ORPH stock now. That’s because the recent price spikes and subsequent shareholder announcements were little more than bets. Source: Shutterstock Before the spike,
MindMed (NASDAQ:MNMD) is a neuro-pharmaceutical company that specializes in psychedelic medicine. It discovers, develops and deploys these products to improve health, promote wellness and alleviate suffering. MNMD stock spiked after its initial public offering (IPO) in April, but has cooled since. Source: Shutterstock Is this a buying opportunity, or should investors steer clear of the stock? If
FinTech leader SoFi Technologies (NASDAQ:SOFI) recently completed its merger with special purpose acquisition company (SPAC) Social Capital Hedosophia V. This caused IPOE stock to convert into SOFI stock, beginning SoFi’s official run as a publicly traded company. Source: rafapress / Shutterstock.com SoFi was an impressive merger partner for the “King of SPACs,” Chamath Palihapitiya. The private
Self-billed as one of the largest e-commerce marketplaces in the world, I can fundamentally appreciate the bullish catalyst supporting Contextlogic (NASDAQ:WISH) today. Particularly in the age of the novel coronavirus, online businesses offer tremendous appeal. That said, most speculators probably aren’t thinking about the fundamentals when it comes to WISH stock. Source: sdx15 / Shutterstock.com
One of the more controversial electric vehicle start-up companies on the market is Nikola (NASDAQ:NKLA). Source: Stephanie L Sanchez / Shutterstock.com NKLA became public through a reverse merger back in June 2020, with a SPAC called VectorIQ Holdings. Red flags popped up almost immediately ranging from a suspicious test roll out in 2020 to a
After bottoming at below $10 last month, Workhorse Group (NASDAQ:WKHS) caught the eye of Reddit’s WallStreetBets. WKHS stock has a short interest of almost 40%. The subreddit group reasons that a short-squeeze would inflect big losses for bears. So, when Workhorse shares took a run for $20, the rally would last until buyers lost momentum.