Stocks to sell

With fears of a global recession rising, it’s probably best to consider targeting certain Nasdaq stocks to sell. Though the underlying technology-centric exchange brings several innovators to the table, many of these ideas don’t align with traditional strengths. In particular, some publicly traded companies feature the worst of both worlds: high risk and overvalued. Since
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As anyone who reads my columns regularly knows, I’m generally upbeat on stocks. That’s because I believe that inflation has peaked, the Federal Reserve is poised to become much more dovish.  In addition, the Street has, for some time, underestimated the importance of the exceptionally strong employment market. However, I believe that there are some
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One of 2022’s defining market trends has been the rise of the electric vehicle (EV) sector. What began as an entire industry centered around one company has boomed into a stock market staple. Despite a turbulent year, Tesla (NASDAQ:TSLA) has retained its spot at the top of the EV race, although both old and new
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With its next quarterly earnings release a little over a week away, buzz about SoFi Technologies (NASDAQ:SOFI) stock is again on the rise. While still trading near its 52-week low, SOFI stock bulls anticipate that the fintech firm will beat expectations with its upcoming fiscal results. In turn, propelling shares back up to higher prices.
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In February 2021, at the height of the meme stock phenomenon, Ideanomics (NASDAQ:IDEX) stock traded for as much as $5.53 per share. Today, you can buy IDEX stock for a little more than 25 cents a share, a 95% discount to its multi-year high-water mark. If you’re a risk-hungry investor, this may seem tempting. After
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In times like this, it’s best to mitigate your losses by identifying stocks to sell and get rid of the biggest losers in your portfolio. Fortunately, the stock market’s horrendous year is almost over. Unfortunately, that’s only because the calendar is nearing the end of 2022, and not because the market is turning around any
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It’s hard to even know where to begin when detailing the difficulties surrounding Carvana’s (NYSE:CVNA) stock. First of all, the company has legal issues to deal with in Michigan and Pennsylvania. Additionally, the U.S. Federal Reserve will probably continue to raise interest rates. These difficulties should cause prospective investors to think twice about buying CVNA stock. To
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