Stocks to sell

When a company becomes the newest darling among retail traders, watch out. I actually like video-game hardware and accessories company Corsair Gaming (NASDAQ:CRSR), but its apparent popularity among Reddit users may be a warning sign for CRSR stock. Source: Rawpixel.com/Shutterstock.com Don’t get me wrong. I find it fascinating that r/WallStreetBets participants are standing up to the

Attention Churchill Capital Corp IV (NYSE:CCIV) shareholders: now’s a good time for a low-key flex. After a painful crash from an almost $60 high, CCIV shares are finally moving in an upward direction. In fact, CCIV stock is up 18% over the past 30 days. Source: gg5795 / Shutterstock.com Social media is on fire celebrating

I have a bullish view on equities as the world crawls back toward normalcy. However, there can be intermediate corrections even in the most optimistic times. It would therefore make sense to stay away from stocks that are trading at overly stretched valuations. This column will discuss seven stocks to sell into July 2021. First

From a fundamentals perspective, Clover Health (NASDAQ:CLOV) certainly doesn’t look strong. In fact, there are several indications that the CLOV stock share price should trend downward. However, there are other forces at play here which are keeping prices above where they might otherwise be.  Source: Shutterstock Namely, there is currently a massive amount of short

Although there has been some encouraging news about Lordstown Motors (NASDAQ:RIDE) recently, there have not yet been any concrete signs that the automaker can avoid bankruptcy, while RIDE stock remains vastly overvalued. Consequently, I continue to urge investors to sell the shares. Source: Postmodern Studio / Shutterstock.com Moreover, I believe that risk-tolerant investors looking for

 I’m on record saying it’s a really dumb idea to buy Microvision (NASDAQ:MVIS) stock in double digits. That was in mid-May when MVIS stock was trading around $15.  Now that I’ve had a chance to look at pg. 27 of the company’s 2020 proxy statement, I realize that the lidar business’s insiders don’t have nearly

Clean Energy Fuels (NASDAQ:CLNE) reminds me of another company that briefly became extremely popular among retail investors: Gevo (NASDAQ:GEVO). The shares of both GEVO stock and CLNE stock are now about 50% off their 52-week highs and have generated mediocre returns in recent weeks , as many investors apparently started to realize that neither of

After losing its luster this spring and declining sharply, Tesla (NASDAQ:TSLA) stock is struggling to get back in the good books with investors. Source: Grisha Bruev / Shutterstock.com Year-to-date, TSLA stock is down 7% at its current price of  around $679 a share. The company’s stock is 24% below its 52-week high of $900 reached

Is there still hope for Ocugen (NASDAQ:OCGN)? Or are the OCGN stock bulls just delusional? In my view, you can count on the latter. Any way you slice it, this biotech company has little chance of generating big profits — or even big sales — from its Covaxin Covid-19 vaccine candidate. Source: Shutterstock As you

Shares of Canadian marijuana producer Canopy Growth (NASDAQ:CGC) are down more than 50% since their Reddit-induced rally earlier in the year. Moreover, investors bid up CGC stock to build its cash balance in light of various mergers and acquisitions in the industry. Source: Shutterstock However, most of them were left with a sour taste in

After Reddit’s subgroup, r/WallStreetBets, sent AMC Entertainment  (NYSE:AMC) flying, the shares have proven to have staying power. AMC stock has hovered near $60 for nearly all of June, and the stock is not too far from its 52-week high. Source: Helen89 / Shutterstock.com AMC has a history of selling shares and raising debt because its

AMC Entertainment (NYSE:AMC) stock has had a mind-boggling run, but that doesn’t mean this meme stock favorite can hold onto its gains. Source: rblfmr/Shutterstock.com AMC stock has rallied 176% in the past month and now sits at around $58 a share. Year-to-date, AMC stock has gained more than 2,590%. On the first trading day of 2021,

Sundial Growers (NASDAQ:SNDL) stock is up 94.9% year-to-date, but there is cause for concern. Source: shutterstock.com/Tunatura SNDL stock has lost 36.8% in the last month. So it seems that the cannabis producer’s Reddit-induced rally is done and dusted. Welcome to the world of Reddit investing, where weakness can become a source of strength. If the

With the power of meme stock fans demonstrably weakening and Clover Health (NASDAQ:CLOV) continuing to face an SEC investigation, the longer-term outlook of CLOV stock remains negative. Source: Shutterstock As a result, I urge investors to sell the company’s shares. Clover Health has become a favorite of the social media-oriented investors, i.e. the meme stock

ContextLogic (NASDAQ:WISH) stock went public last December. After a brief pop, the share price fell to single digits in May. Source: sdx15 / Shutterstock.com It fell because ContextLogic loses money. Its first quarter report showed a loss of $128 million, 21 cents per share, on revenue of $772 million. Losses from operations, $126 million, grew

Workhorse (NASDAQ:WKHS) reported very weak first-quarter results and  appears to have no viable, strong, upcoming, positive catalysts. WKHS stock is in trouble. Source: Shutterstock The EV maker’s inability to win any major deals or recruit any impressive partners so far, its apparent failure to cash in on opportunities with the U.S. Post Office and UPS

I’m sure many investors in AMC Entertainment (NYSE:AMC) have stopped reading this article just based on the headline. And others are ready to tell me I don’t get it. So let me be clear. When it comes to AMC stock, I understand your point. I just disagree with it.   Source: QualityHD / Shutterstock.com In 2021, AMC stock is at its

Health insurance company Clover Health (NASDAQ:CLOV) went public via the SPAC route in January, and since then, its stock has been on a wild ride. CLOV stock became the latest target of the Reddit retail trading crowd, causing Clover’s share  price to reach new highs. Source: Shutterstock Unfortunately, the stock is now overvalued, and Clover’s

Shares of once-famed gadget maker BlackBerry (NYSE:BB) were brought back from the dead by the meme stock investors this year. BB stock is appreciating heavy volume again as it appears to be caught up in the retail trading frenzy. One-month returns from the stock are at a staggering 47%. However, the momentum should be short-lived

The outlook of Carnival Corporation (NYSE:CCL) stock has improved in recent weeks, but given the cruise operator’s extremely high debt load and the great amount of uncertainty it continues to face, I still urge investors to sell their shares. Source: Ruth Peterkin / Shutterstock.com In addition to its highly elevated debt load, Carnival must deal