It’s already here. The sights. The sounds. The red cups. The holiday spending frenzy is once upon us — whether we are ready for it or not. For many retail stocks, this is the most critical period all year. The don’t call it Black Friday for nothing. However, the consumer spending environment continues to get
Stocks To Sell
Undoubtedly, one of the biggest catalysts for the major banking stocks is the thawing relationship between the U.S. and China. With the prospect of a trade deal having reached its highest point yet, investors piled into names like Bank of America (NYSE:BAC) stock. Since the start of October, the BAC stock price has jumped nearly
Rite Aid (NYSE:RAD) has been a slow-motion train wreck for years. Since its highs of $173 in early 2017 to its less than stellar lows of $5.50, investors have left RAD stock for dead. Source: NYCStock / Shutterstock.com And, it’s all thanks to heavy competition that sent revenue streams plummeting, taking with it margins and
Beyond Meat (NASDAQ:BYND) stock is down over 60% from July. After its initial public offering (IPO) on May 2, BNYB stock price exploded to a peak of $234.90. Even with the steep plunge, BNYD stock is still up over 20% from its May 2 closing price. Source: Shutterstock But the party may be ending for
For those who want to gamble on social media firm Snap (NYSE:SNAP), I can appreciate where they’re coming from. Since the start of January, the SNAP stock price has jumped nearly 162%. That easily trumps the year-to-date performances of rivals Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). Still, I’d consider pocketing some profits if you’re in the
In the last month, United States Steel (NYSE:X) stock has surged 30% already-from oversold levels. Still, the stock still remains underwater, down 27% year to date. That 2019 performance pales in comparison to the 4.7% year-to-date gain in the VanEck Vectors Steel ETF (NYSEArca:SLX), which holds 27 steel and related peers of U.S. Steel stock.
Generally, people turn to large-cap stocks when the future looks uncertain. It’s almost cliche but has an element of truth to it. Large-cap stocks are generally more diversified, so if one part of the company’s portfolio gets hit, it has more to make up for it. And some even have counter-cyclical components, specifically for this
Give credit where credit is due. I’ve had more than my share of worries about Intel (NASDAQ:INTC) this year, but thanks to a third-quarter earnings report last month that impressed investors, Intel stock has rallied nicely. Source: Sundry Photography / Shutterstock.com And the gains are deserved. From a fundamental perspective, Intel’s Q3 was impressive. Headline
Recently, my good friend Talal paraphrased a common adage: the devil you know is better than the angel you don’t. I think this is a perfect description for Beyond Meat (NASDAQ:BYND). While it might be tempting to jump on the heavily-discounted BYND stock price, investors should exercise vigilance. Short-term gains are possible, but lurking in
Over the past year, shares of home materials retail giant Home Depot (NYSE:HD) have been big winners, rising roughly 30%, far above the S&P 500‘s 13% return over the past twelve months. But, the rally in Home Depot stock has come under pressure recently. Over the past two months, HD stock is up just 1.5%,
It’s not a good year to be a tech unicorn. The latest example of this has been eCommerce retailer Wayfair (NYSE:W). Wayfair stock has been on fire over the last few years as the firm has been able to successfully compete against the Amazons (NASDAQ:AMZN) and Walmarts (NYSE:WMT) of the world. However, that growth seems to
Once high-flying marijuana stocks have come crashing down over the past several months, and the face of the cannabis bubble popping is none other than medical cannabis company Tilray (NASDAQ:TLRY). At the peak of the cannabis bubble back in September 2018, TLRY was a $300 stock. Today, Tilray stock trades hands just above $22. Source:
Square (NYSE:SQ) sits right at the corner of just about every major trend of the modern age. But is SQ stock worth owning now? When you do your homework on this payment-processing company, you’ll find much for bulls to appreciate here – and one major warning sign for investors – ahead of Wednesday evening’s earnings
The Home Depot (NYSE:HD) stock price continues to rise. Home Depot stock now has gained 50% from its December lows and has consistently risen over that stretch. Source: Cassiohabib / Shutterstock.com The gains of Home Depot stock do make some sense. Sentiment towards the stock market and the economy has improved. Home Depot unquestionably is
Stocks have taken a pause to reflect on some economic numbers and earnings. It seems investors are caught between optimism for what the fourth quarter holds for consumers and the rising risk that the U.S. isn’t immune from the global slowdown. There are plenty of ways to argue both for and against a strong Q4,
Nio Inc. (NYSE:NIO) stock got a brief boost last week in the form of healthy third-quarter delivery update. However, the trend has remained bearish and I don’t expect any reversal in it. Nio faces multiple challenges that are specific to the industry as well as the company. These challenges would imply that Nio stock price
Markets were not impressed when Shopify (NYSE:SHOP) reported third quarter 2019 results on Oct. 29. Without doubt, there are positives in Q3 results. Revenue growth was robust at 45%, monthly recurring revenue continues to trend higher and gross merchandise volumes also swelled. However, SHOP stock seems to have moved way ahead of fundamentals. Source: Beyond
A stock like Hexo (NYSE:HEXO) is going to look intriguing to some investors. After all, the HEXO stock price has dropped 73% in a little over six months. Source: Shutterstock That plunge itself could draw in investors who try to time bottoms, particularly those who are bullish on the long-term opportunity in cannabis. Certainly, in
Aurora Cannabis (NYSE:ACB) stock continues to fall. As the supply glut worsens and the cost of regulation turns buyers to the black market, investors continue to sell off Aurora and its peers. Source: ElRoi / Shutterstock.com Given the continuing drop in ACB stock and worsening industry conditions, I would not expect a turnaround soon. Put
Back in July, I wrote that Aurora Cannabis (NYSE: ACB) had a cash burn problem. In the past week, it has become painfully clear HEXO (NYSE: HEXO) stock has one too. Source: Shutterstock The HEXO stock price has tanked another 22.8% in the past two weeks. Unfortunately, analysts are not recommending investors buy the dip
This has been a good year for investors in Micron Technology (NASDAQ:MU). Year-to date, Micron stock is up more than 50%. Source: Valeriya Zankovych / Shutterstock.com On Sep. 26, the company reported earnings results for the fourth quarter as well as the full year of fiscal 2019. As we get ready to wrap up another
Shares of action camera maker GoPro (NYSE:GPRO) printed a fresh all-time low in early October of $3.25 after the company reported that its new products, the HERO8 Black and HERO Max, would launch later than expected because of production delays. Since, GoPro stock has rebounded some to the $4 level as both cameras have already