Stocks to sell

If I never have to talk about cannabis firms again, it might be too soon. The one market category that gives me nightmares — and I’m a cryptocurrency investor for goodness sake! — is weed. Following an incredibly auspicious start to the new year, Tilray (NASDAQ:TLRY) is once again looking pedestrian. I’m at a point

For multiple reasons, I believe that Skillz (NYSE:SKLZ) stock looks to be meaningfully overvalued at its current levels. Therefore, I recommend that investors sell this name. Source: Dean Drobot/Shutterstock.com I’m not at all convinced that the popularity of esports in the U.S. will ever become strong enough to come close to supporting the current, high

There are two figures that highlight the case for and against Nio (NYSE:NIO) stock. Source: Sundry Photography / Shutterstock.com The bull case is strengthened by the fact that NIO stock has pulled back 43% from its January highs. Obviously, that fact alone doesn’t make the shares worth buying. The massive rally of electric-vehicle stocks that

Virgin Galactic (NASDAQ:SPCE) and SPCE stock are a perfect example of what is wrong with special purpose acquisition companies (SPACs). Source: Tun Pichitanon / Shutterstock.com As Groucho Marx said in The Cocoanuts nearly a century ago, “You can have any kind of a home you want. You can even get stucco. Oh, how you can

The global electronic vehicle (EV) industry is rapidly growing and is flooded with companies focusing on climate change. As countries across the world begin reducing carbon emission and increasing sustainability, EV manufacturers are making the most of the moment. One such automaker is Fisker (NYSE:FSR). FSR stock gained recognition and popularity when the company unveiled its

Coinbase (NASDAQ:COIN) has been public for approximately three weeks as I write this. While it went out like a house on fire, jumping as high as $429.54 on its first day of trading (April 14), it finished the day up 31.3% at $328.28. Source: sdx15 / Shutterstock.com It’s been downhill ever since. Now trading a

As I’ve said before, I truly hope General Electric (NYSE:GE) succeeds in its comeback. GE has been a great American company for decades, and it still has a massive workforce. But hope isn’t a reason to buy, or to recommend, GE stock. Source: JPstock/Shutterstock.com Admittedly, hope has driven General Electric’s stock higher over the last

After pulling back following last month’s “flash crash,” can Marathon Digital (NASDAQ:MARA) stock bounce back? Bitcoin (CCC:BTC-USD) may be rebounding, towards its all-time highs above $60,000. But, so far investors have been hesitant to bid up this crypto mining play from its current prices (around $31 per share), back up to prices topping $50 per

Thomas Siebel, the founder of Siebel Systems (later sold to Oracle (NYSE:ORCL)), took his company public, C3.ai (NASDAQ:AI) at $42 in December 2020. After peaking at $179 on Dec. 22, AI stock has drifted down to $58.74 as of May 5. However, it still trades at a very high valuation on a price-sales (P/S) multiple, despite

AT&T (NYSE:T) continues to face strong pressures on multiple fronts and the company’s longer term outlook appears to be particularly negative. As a result, I recommend that investors sell T stock into its recent strength. Source: Jonathan Weiss/Shutterstock Although AT&T reported better-than-expected first-quarter results on April 22, driven by  the strength of its mobility business,

Sundial Growers (NASDAQ:SNDL) is one of many Canadian cannabis stocks that has become a hot stock on message boards and one of the “ground floor” opportunities in the sector. Source: Shutterstock But before we get into the particulars, I want to explain a broader point on this sector. The quote about let a hundred flowers

Driving the narrative for emerging markets is the fundamental reason why people invest: Find a great deal in the hopes that it will generate significant profits later. Naturally, those that love the concept of banking on emerging markets have gravitated toward companies like Jumia Technologies (NYSE:JMIA). As an e-commerce firm targeting several African countries, much

Nano Dimension (NASDAQ:NNDM), an Israeli 3-D technology and nano-PCB technology company, recently raised almost $1.5 billion. As a result, it is now on the acquisition warpath, putting that capital to work. The money is burning a hole in its pocket. In the last month it has made two acquisitions, in cash and NNDM stock. Source:

The Reddit stock trading boom took the stock market by storm. In January, shares of dozens of companies simultaneously blasted off. This happened as ordinary investors realized their tremendous power if they operated as a group. In particular, by buying both shares and call options in stocks with high short interest, the r/WallStreetBets crowd generated

There are some companies that are very difficult to analyze based on traditional financial metrics. I believe Palantir Technologies (NYSE:PLTR) stock is one of them. Source: Michael Vi / Shutterstock.com While PLTR stock generated significant interest over the trailing six months, the underlying firm doesn’t generate profits. Instead, the company’s ties with government agencies (particularly

So far, Coinbase Global (NASDAQ:COIN) has seen mixed performance as a publicly-traded stock. On its first day of trading, shares bolted from their direct offering reference price of $250 per share, to as much as $429.54 per share, before settling at $328.28 per share. However, in subsequent weeks, shares have slid to around the $300

What Happened to Uber Stock? Source: BigTunaOnline / Shutterstock.com Uber (NYSE:UBER) stock sunk more than 5% Thursday after U.S. Labor Secretary Marty Walsh said that most gig workers should be classified as employees. UBER stock has been a “reopening” favorite on Wall Street. Year-to-date, shares are up roughly 7%. But this recent news is taking

I continue to believe that FuboTV (NYSE:FUBO), with anything like its current content and price points, will never appeal to the vast majority of Americans. Meanwhile, I think that the platform’s appeal to sports bettors is greatly overblown. Given these points, I remain convinced that, despite its recent pullback, FUBO stock remains vastly overvalued. Source:

I believe that many investors and stock pundits are greatly underestimating the impact of the extremely tough competition that electric-vehicle maker Fisker (NYSE:FSR) is likely to face. Further, I don’t expect the relatively low price and the environmentally friendly materials of Fisker’s Ocean SUV to enable it to sell nearly enough EVs to justify the

A commonly used adage in the financial-world is “sell in May and go away.” The reason is a relative under-performance in the markets between May and October. With that in mind, it might be a good time to look at some stocks to sell in May. If we look at the S&P 500 index average