Stocks to sell

Initially, many optimists viewed Luckin Coffee (OTCMKTS:LKNCY) as China’s answer to Starbucks (NASDAQ:SBUX). Certainly, it was a bold move as China is not exactly what you call a coffee-drinking culture. Nevertheless, Luckin stock enjoyed a remarkable performance, particularly when relations between the U.S. and China improved following bitter escalations of their trade war. Then, everything
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San Diego-based Sorrento Therapeutics (NASDAQ:SRNE) has become one of the hottest biopharmaceutical companies investors are watching in the rush to find a cure for the novel coronavirus. So far in the year, SRNE stock is up around 130%. Source: luchschenF / Shutterstock.com However, that number tells only half the story. In mid-March, Sorrento shares hit a
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Earlier last week, Nvidia (NASDAQ:NVDA) briefly eclipsed Intel’s (NASDAQ:INTC) market capitalization of $260 billion. How could a company with 15% of Intel’s revenue and 13% of the operating income share the same market value? NVDA stock insiders didn’t care to ask. Since the end of March, insiders have unloaded over $97 million in shares, compared
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The clean energy revolution has arrived, and investors are gobbling up clean energy stocks left and right, often times without regard for valuation. This emerging dynamic has left many obscure, clean energy stocks – who have gotten caught up in the hype – trading in severely overvalued territory. One such overvalued, over-hyped clean energy stock is
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In late June, after weeks of speculation,  Chesapeake Energy (OTCMKTS:CHKAQ) finally officially filed for Chapter 11 bankruptcy, which allows a company to operate and work out deals with creditors while effectively wiping out common equity holders. Things don’t look great for CHK stock.  Source: IgorGolovniov / Shutterstock.com On June 29, the New York Stock Exchange (NYSE) suspended the
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The shares of Peloton (NASDAQ:PTON) have been on fire in 2020. This year, PTON stock has more than doubled as the Covid-19 pandemic has supercharged demand for the company’s premium, at-home fitness equipment and services. Source: Sundry Photography / Shutterstock.com In financial markets, it’s important to remember that momentum is a real thing. Stock which
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I have to admit, there’s something to be said for Luckin Coffee (OTCMKTS:LKNCY). The company has had an accounting scandal involving millions of fraudulent transactions. That scandal caused the removal of its CEO. As a bonus, Luckin stock dropped so low it was delisted. Source: Keitma / Shutterstock.com And yet, like a phoenix rising from
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Tech stocks have emerged as winners of the stock market for the first two decades of the 21st century. One would suspect that the trend should continue into the third, considering how the sector has grown over the years. With the growing influence of technology in different industries, tech stocks have evolved from being mere
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