Seeking out great stocks to buy is important, but identifying quality investments is only half the battle. Many would say it’s just as essential for investors to know which stocks to steer clear of. A losing stock can eat away at your precious long-term returns. By taking a proactive approach to avoiding losing stocks, you can set yourself up for greater success in your investing journey.
Even the best gardens need pruning and our team has spotted a few stocks that seem like prime candidates for selling or avoiding. Read on to find out why we believe these particular stocks are poor investment choices and learn how to apply our analysis to your own portfolio management strategy…
DUMP THESE STOCKS NOW!
Get the facts for yourself and be one of the first to learn more about the four stocks you should buy right now… as well as the 25 companies you should sell immediately.[Full Story…]
Fisker remains committed to following through with delivery of 5,000 of its award-winning debut model, the Fisker Ocean, by September despite serious production headwinds. A primary supplier to Fisker, Magna International, has significant supply chain problems that will increase the cost of production. Obviously the company can’t pass those costs on to customers who’ve already reserved their vehicles. Instead the EV maker will have to eat those costs, which will cut into crucial revenue from its first real production run. At one point, Fisker looked like a potential leader in the EV race, now it seems like another stock to get rid of while you can.
Opendoor Technologies (OPEN)
Opendoor Technologies (OPEN) aims to revolutionize the home-buying process with its automated solution for a smoother, quicker, and more convenient buying experience. Investors piled into OPEN during its market debut in 2020, However, OPEN stock has lost nearly 80% of its value over the past year, with expectations building that more pain could be on the horizon due to the widespread decline in the real estate market. Redfin anticipates that there will be a 16% year over year decline in the number of existing home sales in 2023, making OPEN an ideal stock to sell.
Wall Street Legend Warns: “A Strange Day Is Coming to America”
“A massive and surprising new transition could determine the next group of millionaires,” says Chaikin, who predicted the 2020 market crash. “While leaving 99% of the public worse off than before.”
“If you own regular stocks, you’re in for a big surprise,” he adds. [Full Story Here…]
Ascent Solar Technologies (ASTI)
The photovoltaic specialist obviously carries significant implications for the solar energy industry. With society gravitating toward clean and renewable energy solutions, ASTI should be enjoying extraordinary relevance. Unfortunately, its narrative hasn’t been so fortunate. Year to date, ASTI share price is down 72%. In the trailing year, it’s down almost 96%. Glaringly, its three-year revenue growth rate sits at 90.3% below parity. Profit margins have slipped to ridiculously negative rates while the balance sheet is a mess. Gurufocus.com warns that Ascent solar is a possible value trap.
You might also like:
- China to attack the Dollar on Jan. 6?
- Federal Reserve predicts 24,290% from here
- Buy this AI Stock before January 1
- Congress Just Fast-tracked New A.I. Energy Breakthrough
- Elon Musk: THIS will be bigger than Tesla
- The Cold, Hard Truth About A.I. Stocks
- EV charging stations that pay you up to $93/day!
- Legendary Wall Street Stock-Picker Names #1 A.I. Stock of 2023, Live On-Camera
- Missed NVIDIA? Don’t Miss This ‘Great $2 AI Moonshot’ Opportunity
- No 1 Stock to Buy ASAP