Stocks to sell

After suffering from staggering losses, investors of electric vehicle manufacturer Mullen Automotive (NASDAQ:MULN) should catch a break eventually – right? Don’t make any assumptions, as MULN stock could easily continue to lose value in 2023. This is likely to happen despite Mullen Automotive’s attempt to reassure its shareholders. We’ve done our best to try to
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Hope springs eternal for electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN), but as the old saying goes, hope isn’t a viable investment strategy. Even if Rivian Automotive’s management sees the glass as half-full, the confirmed data doesn’t bode well for RIVN stock in 2023. Speaking of confirmed data, it’s indisputable that Rivian Automotive has been an
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Finding overvalued stocks to sell isn’t hard. Investors today have more information than ever, promoting company transparency. However, this also means investors must contextualize this information when investing. Often, a couple of negative headlines don’t alter a company’s investment thesis. Savvy investors know there are many reasons to sell a stock, but emotion should rarely
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Given the evergreen nature of their business, health insurance stocks offer investors a stable play. However, the rising medical costs are wreaking havoc, creating a minefield of health insurance stocks that could dent your portfolio. For example, UnitedHealth Group (NYSE:UNH), has been ringing alarm bells over escalating costs as Americans make up for delayed surgeries amidst the
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This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. We’re officially in a bull market. Last week, the S&P 500 closed 20% above its recent lows and the American Association of Individual Investors (AAII) sentiment index hit its highest level since 2021. As
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While the U.S. economy has proved surprisingly resilient in 2023, the majority of economists are still calling for a recession in the next 12 months. Meanwhile, the Conference Board’s consumer confidence index hit a six-month low last month. Although the macroeconomic picture can best be described as murky, consumer discretionary stocks have been the third-best performing
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High-performance automotive lidar (light detection and radar) sensor company MicroVision (NASDAQ:MVIS) has received a lot of attention from meme-stock traders lately. Yet, that’s not a sufficient reason to invest in MicroVision now. MVIS stock appears to be running out of steam, and the next big move is probably to the downside. The last thing I
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After a strong start, cryptocurrencies have experienced sideways trading in the first half of 2023. However, the recent downturn in May has impacted many cryptocurrencies. Safe and practical crypto projects have been less affected, while investors have been selling off risky and outdated names to rebalance their portfolios. While the crypto market shows long-term promise
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There’s a slew of fresh data pertaining to China-based electric vehicle (EV) manufacturer Nio (NYSE:NIO). Overall, it doesn’t support a long position in NIO stock. Prospective investors should be cautious now, and Nio’s current shareholders might consider bailing before it’s too late. Not long ago, I warned that Nio’s shareholders should sell quickly. I’m standing by
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