Stocks to sell

It’s funny, how Wall Street can have a very short attention span sometimes. When it comes to China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO), it’s fine to focus on the company’s most recent operational update. Yet, don’t be too hasty when trading NIO stock. The company still doesn’t have positive earnings, and Nio’s “prudent” warning about
0 Comments
Electric vehicle stocks across the board nosedived last year, and Lucid Group (NASDAQ:LCID) was no exception. During 2022, LCID stock went from around $38.50 to around $6.83 per share. That’s a more than 82% decline in price. Recently, shares in the early-stage luxury EV maker have found support, at around $6 or $7 per share.
0 Comments
There’s nothing wrong with supporting the vehicle-electrification movement. However, investors need to be cautious when it comes to QuantumScape (NYSE:QS). The company’s financials aren’t ideal, and QS stock could continue to slide as QuantumScape will need time – maybe months or even years – to fully commercialize its products. QuantumScape’s primary business is developing solid-state lithium-metal
0 Comments
Hope springs eternal, but the situation might be hopeless for investors of commercial electric vehicle manufacturer Cenntro Electric (NASDAQ:CENN). It’s entirely possible that CENN stock won’t even be listed on the Nasdaq before too long. Financial traders don’t need to invite problems into their lives, so it’s wise to steer clear of Cenntro Electric. Plenty of folks
0 Comments
Mullen Automotive’s (NASDAQ:MULN) days as a “meme stock” high-flier have long since passed, but MULN stock continues to attract attention from speculators. After declining by 94.5% last year, shares in the electric vehicle startup have seemingly found support at between 25 and 35 cents per share. Yet while some may be wagering that a big
0 Comments
Camber Energy’s (NYSEMKT:CEI) shareholders had a terrible 2022, marked by occasional pops along a persistent downward trajectory in CEI stock. This year probably won’t be any different, as Camber Energy’s strategy to avoid delisting isn’t a real, long-term solution. Besides, the company’s financials don’t seem to support Camber Energy’s massive spending plans. Therefore, prospective investors ought
0 Comments
The video game industry has had a roller coaster year in 2022. After posting record-breaking sales during the pandemic’s peak, the economic reopening caused the gaming market to take a sharp downturn. Sales plunged over the first three quarters due to dwindling demand from an already fragile economy. Consequently, it was one of the worst
0 Comments
Back on Dec. 17, I argued why there was more disappointment ahead for Nio (NYSE:NIO). This additional disappointment has arrived quite quickly for NIO stock. Just ten days later, on Dec. 27, the China-based electric vehicle maker cut its delivery outlook for the current fiscal quarter (ending December). That’s not all. According to Bloomberg, NIO’s
0 Comments
After a rough year, there are plenty of tech stocks to sell. Unfortunately, investors now know that inflation is persistent. Nearly all central banks around the world raised interest rates. Some fintech firms already showed signs of strain. And most are simply not prepared for the monetary tightening that could persist. Plus, there’s now a
0 Comments
With a contentious time in 2022 coming to a close, it may be helpful to look back and consider the most sold-off stocks last year. Similar to learning from prior mistakes, investors may be able to garner lessons from the worst-hit market ideas. Basically, these are companies that currently sit just a few steps away
0 Comments
It seems like yesterday that environmentally friendly fuel-cell systems provider FuelCell Energy (NASDAQ:FCEL) was all the rage on Wall Street. Lately, however, FCEL stock has been a money loser for investors. It’s sensible to check FuelCell Energy’s financials carefully – and considering the unfavorable value proposition of the shares now, it’s hard to give them anything
0 Comments