Stocks to sell

I’m a big fan of Chewy (NYSE:CHWY). My household was an early adopter of the service and at this point no doubt qualifies as a “power user.” I bought CHWY stock not long after its June 2019 initial public offering and added to my stake on weakness later that year. Source: Chie Inoue / Shutterstock.com

In theory, Skillz (NYSE:SKLZ) seems like a great idea. The company aims to be the first mainstream e-gaming platform. By allowing ordinary folks to compete for prizes in popular games like pool, bingo, or cards, it greatly expands the ecosystem. That was the theory, anyway, and SKLZ stock initially soared. Source: McLittle Stock / Shutterstock.com The

American Airlines Group Inc. (NASDAQ:AAL) is the “largest airline in the world in terms of revenue passenger mile, scheduled passengers carried, and fleet size” according to ZIPPIA. Furthermore, the airline industry and travel industry are set to recover rapidly in 2021, as there is a global vaccination program to put an end to the novel

Special purpose acquisition companies (SPACs) are blank check businesses that seek out targets for reverse-merger acquisitions. A large number of private companies announced reverse-merger deals with SPACs that are already listed on a stock exchange in 2020. Both institutional and retail investors have jumped at the opportunity to buy into SPACs over the past year.

As far as large-cap Canadian limited partnerships go in the cannabis space, Aphria (NASAQ:APHA) is an intriguing option. Indeed, it’s a company with operating scale, is producing cannabis at a positive EBITDA margin, and has some international growth prospects. Investors in APHA stock seem to have a lot to like right now. Source: Shutterstock Additionally, the

President Biden’s proposed $2 trillion infrastructure plan was just what ChargePoint (NYSE:CHPT) needed. CHPT stock saw an awesome rally on this news. And, with $174 billion of the bill proposed for electric vehicles (including charging stations), it’s not a surprise that investors took the news and ran with it. Source: YuniqueB / Shutterstock.com Yet, after

In the past few years, we’ve seen so many stories like the one that now surrounds Takung Art (NYSEAMERICAN:TKAT) stock. Investors find a play in a “hot” sector — and send it soaring even though the company itself has little going for it. Source: Shutterstock Over the past few years, we’ve seen it multiple times

Video game retailer GameStop (NYSE:GME) is the most talked-about meme stock in recent memory. Thanks to a Reddit-induced short squeeze, it is one of the best-performing stocks in the past 12 months, with hardly any fundamentals to back that up. Despite a 40% drop in its price this month, it still trades more than 89

Shares of up-and-coming electric vehicle company Lordstown Motors (NASDAQ:RIDE) stock have tanked 40% this month. Source: SevenMaps / ShutterStock.com Short-seller Hindenburg Research is on its case again, alleging that the company has greatly exaggerated the pre-orders for its Endurance electric pickup truck. The SEC has now decided to investigate the matter. Subsequently, several firms and

With electric-vehicle (EV) maker Canoo (NASDAQ:GOEV) seemingly in turmoil and abandoning its most promising, unique ideas, investors should stay away from GOEV stock at this point. Source: Canoo media More specifically, at least two of Canoo’s top executives have recently left the young company, while it has largely abandoned its subscription payment model idea. Also

Nio (NYSE:NIO) came public a few years ago with the ambition of becoming the Chinese Tesla (NASDAQ:TSLA). It will never achieve that goal, yet Nio stock is priced as though the goal is reasonable. Source: xiaorui / Shutterstock.com I explained why it can’t be Tesla last year. After a massive infusion of government capital, Nio is mainly

Affirm Holdings (NASDAQ:AFRM), the buy-now, pay-later online financial technology lender that went public in January 2021, is still losing money. That said, I believe AFRM stock will keep dropping as long as Affirm keeps losing money. And this is mainly due to its huge loan losses. Source: Piotr Swat / Shutterstock.com The IPO price was

Crypto mining stocks are the net beneficiaries of the amazing Bitcoin (CCC:BTC-USD) bull run that shows no sign of stopping. However, one that often gets lost in the shuffle is SOS (NYSE:SOS) stock. Source: Mark Agnor / Shutterstock.com The company mined its first bitcoin at the end of February, and investors are now betting big that

Back in 2019, Zomedica (NASDAQ:ZOM) was in enormous trouble. The company was running out of cash, and with the ZOM stock price below 50 cents, it was also running out of options. Source: Shutterstock Indeed, Zomedica closed 2018 with less than $2 million in cash. It had burned nearly $12 million that year. The Form

The story underpinning Bionano Genomics (NASDAQ:BNGO) stock unquestionably is intriguing. Bionano claims to offer a substantial improvement in genome analysis that enables more patients to be correctly diagnosed and treated. Source: Connect world / Shutterstock.com If the company is right and its technology truly is that disruptive, then BNGO stock should climb, and it could

Disgraced Chinese coffeeshop chain Luckin Coffee (OTCMKTS:LKNCY) has been on a negative streak of late after filing for a Chapter 15 bankruptcy protection. The downside seems priced in, though, as LKNCY stock fell more than 80% from its high of $43 in January 2020. Source: NewsToday / Shutterstock.com In addition to this, it has a

Naked Brand Group (NASDAQ:NAKD) is now facing the consequences of its disastrously dilutive capital raise last month. I wrote about this situation on March 11 and how NAKD stock would fall from the massive cashless warrants. As a result, the hedge funds who underwrote the capital raise have been dumping their shares and cashless exercise

In the investment sector, you win some and you lose some. Don’t let anyone tell you differently – everybody’s got a system that works wonders in a bull market. It’s when things go awry that you find the best systems that still win about 60% to 70% of the time. Which leaves a lot of

Despite multiple positive milestones attained in recent weeks by electric vehicle maker QuantumScape (NYSE:QS), I continue to believe that QuantumScape stock remains vastly overvalued. Source: Michael Vi / Shutterstock.com Tough competition, uncertain technology, the long wait until its products can be launched, and a sky-high valuation are among the points that keep me on the

Ideanomics (NASDAQ:IDEX) announced on March 31 in its earnings release presentation and its conference call that it now has $330 million in the bank. This is significant since at the end of 2020 it had just $165.7 million. So it has about doubled its cash through capital raises in three months. As a result, cash