Stocks to sell

This wasn’t a blockbuster year for folks who invested in Lucid Group (NASDAQ:LCID) stock. The prospects for Lucid Group next year aren’t promising. The best grade we can give it is a “D” and we’re not recommending it for the new year. Lucid Group is testing its investors’ patience. Stifel analyst Stephen Gengaro argued that Lucid is “two
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Electric vehicle manufacturer Nio (NYSE:NIO) had a challenging year in 2023. China’s uneven recovery from Covid-19, waning EV demand and fierce competition in the new-energy vehicle space created problems for Nio. Looking ahead to 2024, investors shouldn’t expect any miracles and NIO stock only deserves a less-than-stellar “D” grade. As you may recall, Nio posted a 4,556.7 million RMB
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The future of the U.S. economy appears to be optimistic. The Federal Reserve has signaled a potential shift towards interest rate cuts in the coming year, providing relief to American households grappling with high inflation. Additionally, the Biden administration’s hope for a “soft landing,” characterized by decreasing inflation without a significant increase in unemployment or
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At first glance, electric vehicle (EV) battery technology company QuantumScape (NYSE:QS) might sound like a great business to invest in. After all, QS stock moved higher in November and early December. Yet, caution is definitely advised as QuantumScape’s financial shortcomings can’t be ignored. Besides, as we’ll explain today, a prominent analyst firm published a low price
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SmileDirectClub (OTCMKTS:SDCCQ) ceased operating on December 8 after it could not restructure through bankruptcy proceedings. The once high-flying provider of dental aligners was one of many at-risk companies entering the final quarter of 2023.  Do you remember all the articles pitting SmileDirect against industry leader Align Technology (NASDAQ:ALGN)? I sure do.  As recently as 2020,
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Since the end of October, stocks have rallied tremendously, with the S&P 500 soaring 15% and the Russell 2000 jumping 21%. This huge rebound, brought about by greater confidence in the economy and less trepidation about interest rates, resulted in many drastically overvalued stocks. For long-term, risk-tolerant investors, the latter situation created a good opportunity.
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 Growth stocks certainly have legs at the moment and it’s fair to assume that there will be a surge of investment heading into 2024. Demand should be expected to rise as the Federal Reserve continues to signal that the worst is over. The markets are expecting a soft landing and multiple rate cuts in 2024.
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During the meme stocks rally of 2021, it seemed that all potential meme stocks skyrocketed. The speculative activity peaked, and short-squeeze rallies delivered multi-bagger returns in weeks. The euphoria was, however, short-lived. Investor interest in meme stocks remains high, and there continue to be opportunities to make quick money in the blink of an eye.
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Penny stocks can be your best friend but also your worst enemy. Although individual pennies often provide lucrative returns, a diversified penny stock portfolio tends to underperform the S&P 500. Therefore, it is essential to revise your penny stock portfolio frequently. Furthermore, fundamental aspects suggest penny stocks may end up under the pump early next year.
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After witnessing the blistering returns of the broader technology index – along with tangentially related risk-on assets like cryptocurrencies – now might seem an unideal time to target overvalued tech stocks to sell. Frankly, it seems the ecosystem just can’t lose. However, that also could be the warning that not all is well. Sure, some
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