Stocks to sell

With electric-vehicle (EV) maker Canoo (NASDAQ:GOEV) seemingly in turmoil and abandoning its most promising, unique ideas, investors should stay away from GOEV stock at this point. Source: Canoo media More specifically, at least two of Canoo’s top executives have recently left the young company, while it has largely abandoned its subscription payment model idea. Also

Nio (NYSE:NIO) came public a few years ago with the ambition of becoming the Chinese Tesla (NASDAQ:TSLA). It will never achieve that goal, yet Nio stock is priced as though the goal is reasonable. Source: xiaorui / Shutterstock.com I explained why it can’t be Tesla last year. After a massive infusion of government capital, Nio is mainly

Affirm Holdings (NASDAQ:AFRM), the buy-now, pay-later online financial technology lender that went public in January 2021, is still losing money. That said, I believe AFRM stock will keep dropping as long as Affirm keeps losing money. And this is mainly due to its huge loan losses. Source: Piotr Swat / Shutterstock.com The IPO price was

Crypto mining stocks are the net beneficiaries of the amazing Bitcoin (CCC:BTC-USD) bull run that shows no sign of stopping. However, one that often gets lost in the shuffle is SOS (NYSE:SOS) stock. Source: Mark Agnor / Shutterstock.com The company mined its first bitcoin at the end of February, and investors are now betting big that

Back in 2019, Zomedica (NASDAQ:ZOM) was in enormous trouble. The company was running out of cash, and with the ZOM stock price below 50 cents, it was also running out of options. Source: Shutterstock Indeed, Zomedica closed 2018 with less than $2 million in cash. It had burned nearly $12 million that year. The Form

The story underpinning Bionano Genomics (NASDAQ:BNGO) stock unquestionably is intriguing. Bionano claims to offer a substantial improvement in genome analysis that enables more patients to be correctly diagnosed and treated. Source: Connect world / Shutterstock.com If the company is right and its technology truly is that disruptive, then BNGO stock should climb, and it could

Disgraced Chinese coffeeshop chain Luckin Coffee (OTCMKTS:LKNCY) has been on a negative streak of late after filing for a Chapter 15 bankruptcy protection. The downside seems priced in, though, as LKNCY stock fell more than 80% from its high of $43 in January 2020. Source: NewsToday / Shutterstock.com In addition to this, it has a

Naked Brand Group (NASDAQ:NAKD) is now facing the consequences of its disastrously dilutive capital raise last month. I wrote about this situation on March 11 and how NAKD stock would fall from the massive cashless warrants. As a result, the hedge funds who underwrote the capital raise have been dumping their shares and cashless exercise

In the investment sector, you win some and you lose some. Don’t let anyone tell you differently – everybody’s got a system that works wonders in a bull market. It’s when things go awry that you find the best systems that still win about 60% to 70% of the time. Which leaves a lot of

Despite multiple positive milestones attained in recent weeks by electric vehicle maker QuantumScape (NYSE:QS), I continue to believe that QuantumScape stock remains vastly overvalued. Source: Michael Vi / Shutterstock.com Tough competition, uncertain technology, the long wait until its products can be launched, and a sky-high valuation are among the points that keep me on the

Ideanomics (NASDAQ:IDEX) announced on March 31 in its earnings release presentation and its conference call that it now has $330 million in the bank. This is significant since at the end of 2020 it had just $165.7 million. So it has about doubled its cash through capital raises in three months. As a result, cash

It’s truly incredible how far Airbnb (NASDAQ:ABNB) stock has rallied in such a short time. Source: BigTunaOnline / Shutterstock.com Airbnb went public on Dec. 10 at $68. Less than four months later, it trades at $182. That’s a cool 167% return in less than four months. Yes, a first-day “pop” of 112% accounts for a

The seaborne shipping industry has been making headlines lately for more reasons than one. Indeed, investors in Castor Maritime (NASDAQ:CTRM) and CTRM stock have a few key catalysts to hang their hats on right now. Source: VladSV / Shutterstock.com First, there’s certainly a lot of anticipation that an economic reopening could pave the way for

Not all penny stocks are bad. There’s quite a few good companies that for whatever reason end up with a very low share price at some point. However, a lot of penny stocks are bad investments. Problems like heavy dilution, large operating losses, and unproven management teams tend to dog all these companies. In the

Sundial Growers (NASDAQ:SNDL) announced recently on Mar. 18 that it would issue an additional $800 million in SNDL stock. This is through a brand new agreement with its new underwriter, Canaccord Genuity. If this sale grows through, and there is some substantial doubt it will, Sundial will be overdosing on share dilution. And I can’t

Genomics stocks have gained a lot of steam in the last six months, as retail traders pour their capital into high-risk, high-reward areas. One of the beneficiaries of this trend is Bionano Genomics (NASDAQ:BNGO), a life sciences firm working on some of the most exciting aspects of the genetic analysis industry. So it’s not surprising

To some investors, activist short sellers like those who targeted SOS Limited (NYSE:SOS) stock are market manipulators, or worse. I personally don’t believe that to be the case, but we can move past that debate. Source: Shutterstock Let’s instead focus on what SOS itself has said — both in response to those short sellers and

InvestorPlace’s Ian Cooper wrote a piece in early March arguing that Riot Blockchain (NASDAQ:RIOT) stock should be in every investor’s portfolio. Since Cooper wrote those words, RIOT stock is up 30% through March 30.  Source: Mark Agnor / Shutterstock.com If you took Cooper’s advice and bought some of the crypto miner’s stock, I applaud your

In the recent Reddit-fueled meme stock hysteria that captivated us in recent months, some completely unknown stocks skyrocketed. Such is the case with New Concept Energy (NYSEAMERICAN:GBR). Investors in GBR stock saw the company’s share price open the year below $2 per share and to skyrocket to above $30 per share in one late January day.

Express (NYSE:EXPR) would probably be a once-promising retailer stock relegated to the annals of retail failures in any other year than 2021. The apparel and accessories retailer has had life breathed back into it by Reddit’s r/WallStreetBets crowd.  Source: Helen89 / Shutterstock.com Prior to that, the company, which boasts 500 retail and factory outlets in