Stocks to sell

The market has officially entered a correction as investors identify stocks to sell. The S&P 500 has now fallen 10% from its most recent peak, hitting the threshold to put the market into a correction. And for tech investors, things are looking worse. The Nasdaq is approaching a 20% decline, and certain speculative growth stocks

As home prices surge, it must make sense to buy OpenDoor Technologies (NASDAQ:OPEN) stock, the high-tech house flipper. Source: Tada Images / Shutterstock.com Right? Wrong. Since the start of 2022, OpenDoor stock is down 35%. Zillow Group (NASDAQ:Z), which got out of the iBuyer market because it couldn’t make money in it, is also down,

Robinhood’s (NASDAQ:HOOD) fourth-quarter results and Q1 guidance bode very badly for HOOD stock. Source: mundissima / Shutterstock.com Moreover, the continued weakness of cryptocurrencies and the tumbling of meme stocks also have left Robinhood’s financial results and its stock, poised to sink much further. Significant, additional competition could be on the way for the beleaguered company.

There are many U.S.-listed companies with a market capitalization of $3 billion or higher. One of them is Digital World Acquisition (NASDAQ:DWAC). What’s more, year-t0-date (YTD), DWAC stock is currently in the top five best performer amongst this large cohort of $3 billion-plus market-cap stocks. Source: rafapress / Shutterstock Care to guess what the first-best

If you’re in the market for a diversified, tech-centered investment, Vinco Ventures (NASDAQ:BBIG) stock may seem like a deal, but we should look deeper. Source: shutterstock.com/Postmodern Studio There’s no denying that BBIG stock is affordable, but whether it’s actually a good value is a different matter entirely. One thing that’s interesting about this stock is that some

Popular with retail traders last year, the bubble has long since popped for Ocugen (NASDAQ:OCGN). A Covid-19 vaccine play, you may recall how OCGN stock, once trading for well under a dollar, briefly made its way above $15 per share not once, but twice. Yet, since hitting a high of $17.65 in November, shares of

It’s last call at the Covid-19 vaccine party and shareholders of Novavax (NASDAQ:NVAX) stock should be headed for the coat check. Source: rarrarorro / Shutterstock.com Novavax’s share price is down 41% year-to-date, bringing its six-month decline to 65%. The prospects of the biopharmaceutical company bringing a vaccine against Covid-19 to market in the U.S. grow

Nio (NYSE:NIO) stock started the week on a weak note and the shares are trading below $25. Source: xiaorui / Shutterstock.com This does not mean that the company is doing something wrong but it is due to the market sentiment that is on the edge for several reasons including the Russia-Ukraine crisis. Many EV stocks

I’ve had an open mind about recommending real estate services company Matterport (NASDAQ:MTTR) stock. Source: Ken Wolter / Shutterstock.com I was initially bullish on it around $10 as it was completing its special purpose acquisition company (SPAC) merger. MTTR stock then shot to $30, and I urged caution as the valuation had jumped ahead of the

Palantir Technologies (NYSE:PLTR) took Reddit by storm last year. Palantir launched its direct listing in late 2020 with its shares priced around $9 each. However, investors associated with WallStreetBets drove the price of PLTR stock up to $35. Source: Ascannio / Shutterstock.com It was an incredible valuation, well north of $60 billion, for the secretive

Twitter (NASDAQ:TWTR) has been drifting down due to its lower-than-expected forecast for revenue this year. It ended last year at $43.22, but as of Thursday, Feb. 17, TWTR stock was at $35.43, or down 18% year-to-date (YTD). Source: Worawee Meepian / Shutterstock.com Investors can probably expect more of the same as analysts revalue the company’s

The driving force behind Gamestop’s (NYSE:GME) initial community-driven surge has been down to an overly liquid market and analysts’ event-driven predictions. Moving forward, though, investors will want to understand why the influencing variables of GME stock will be subject to change. Source: rblfmr / Shutterstock.com At this stage, I’d imagine that readers aren’t entirely sure

Carvana (NASDAQ:CVNA) stock has had a weird or at least unexpected ride these last weeks, tumbling nearly 45% year-to-date. The used car dealer known for its vending machine storage units, offers investors a mystery. While used car prices remain high, with dealers like AutoNation (NYSE:AN) seeing fairly stable stock prices, Carvana stock is down by

Back in August 2021, I wrote that Shopify (NYSE:SHOP) was overvalued by any reasonable metric. At the time, SHOP stock was trading at $1,525 per share, but later it climbed to a peak close of around $1,690 on Nov. 19. Now, the stock is changing hands around the $655 mark. However, I think it’s still

Nvidia (NASDAQ:NVDA) has been one of the biggest winners of the past five years, with NVDA stock up nearly 890%. The company has enjoyed a variety of tailwinds, including a historic semiconductor boom, the crypto mining explosion, and surging demand for graphics chips for other applications such as gaming. Source: sdx15/Shutterstock However, like many momentum trades,

At first glance, Michigan-based veterinary testing and pharmaceutical product specialist Zomedica (NYSEAMERICAN:ZOM) might sound like a great company to invest in. After all, ZOM stock is really cheap, and pet healthcare certainly sounds like a high-growth niche market. Source: Postmodern Studio / Shutterstock.com On the other hand, we have to wonder why Zomedica’s shares are so

The metaverse isn’t as hot as it was just a few months ago. That’s bad news for Roblox (NYSE:RBLX). But that’s hardly all of the bad news for RBLX stock.  Source: Miguel Lagoa / Shutterstock.com My assumption is that Roblox has entered a period during which it will face increased scrutiny. Investors will likely be

Investors probably should consider not buying Teladoc (NYSE:TDOC) stock prior to its upcoming Feb. 22 earnings announcement. Source: Piotr Swat / Shutterstock.com Although there is news which suggests it could significantly outpace guidance, there are just too many other negatives. We’ll dig into the negatives but first: the good news for TDOC stock. The Good

Palantir Technologies (NYSE:PLTR), a data analytics company, was one of the hottest stocks out there in early 2021. Due to excitement over the narrative surrounding it, investors bid up PLTR stock to unsustainable levels. The “meme stock” phenomenon may have played a role too in its big run-up last year. However, this is not for

I’ve been bearish on Sofi Technologies (NASDAQ:SOFI) for many months. And, like most of my bearish picks in the last year, SOFI stock has indeed struggled. In fact, over the past one year, the name has tumbled a huge 50%. Source: rafapress / Shutterstock.com Now, with the company facing three relatively new hurdles and my