Stocks to sell

The stock market has enjoyed a surprising rally to start 2023. The Nasdaq Composite is up by almost 30% year-to-date; many stocks have jumped alongside it. While this price movement has rewarded long-term investors, it has resulted in many overvalued growth stocks.  Holding onto reliable stocks can yield long-term returns, but investors endure weeks and months
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QuantumScape (NASDAQ:QS) is a battery start-up which has seen extreme volatility in recent years. A play on solid-state battery technology, QuantumScape provides investors with a much more speculative potential earnings curve than its EV peers. In the previous bull market rally, QuantumScape achieved a remarkable $54 billion valuation. This valuation was driven by its solid-state
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After suffering from staggering losses, investors of electric vehicle manufacturer Mullen Automotive (NASDAQ:MULN) should catch a break eventually – right? Don’t make any assumptions, as MULN stock could easily continue to lose value in 2023. This is likely to happen despite Mullen Automotive’s attempt to reassure its shareholders. We’ve done our best to try to
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Hope springs eternal for electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN), but as the old saying goes, hope isn’t a viable investment strategy. Even if Rivian Automotive’s management sees the glass as half-full, the confirmed data doesn’t bode well for RIVN stock in 2023. Speaking of confirmed data, it’s indisputable that Rivian Automotive has been an
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Finding overvalued stocks to sell isn’t hard. Investors today have more information than ever, promoting company transparency. However, this also means investors must contextualize this information when investing. Often, a couple of negative headlines don’t alter a company’s investment thesis. Savvy investors know there are many reasons to sell a stock, but emotion should rarely
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Given the evergreen nature of their business, health insurance stocks offer investors a stable play. However, the rising medical costs are wreaking havoc, creating a minefield of health insurance stocks that could dent your portfolio. For example, UnitedHealth Group (NYSE:UNH), has been ringing alarm bells over escalating costs as Americans make up for delayed surgeries amidst the
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Electric vehicle manufacturer Polestar Automotive (NASDAQ:PSNY) might amaze you with its sleek high-performance automobiles. However, PSNY stock certainly hasn’t been a winner for long-term investors. Until this trend reverses, and until Polestar Automotive becomes a profitable business, it’s going to be difficult to assign a higher grade than a “D” to the stock. The fact is,
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This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. We’re officially in a bull market. Last week, the S&P 500 closed 20% above its recent lows and the American Association of Individual Investors (AAII) sentiment index hit its highest level since 2021. As
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