Stocks to sell

Several SPAC mergers could be abandoned this year, with these three at particular risk. Riley Principal 150 Merger Corp (NASDAQ:BRPM): FaZe Clan’s poor liquidity and missed targets could make investors develop cold feet as the SPAC merger deal progresses. Digital World Acquisition Corp (NASDAQ:DWAC): Former President Donald Trump-related Truth Social platform’s launch faced challenges, regulatory

Traders hoped online gaming company Skillz (NYSE:SKLZ) would help transform the industry. However, Skillz has failed to take off as management had planned, and SKLZ stock has imploded over the past year. Shares are down more than 85% over the past 12 months. Trading interest remains high however; on Thursday, the stock popped 15% on

Novavax (NASDAQ:NVAX) was so close to hitting gold, but the delay in FDA approval for its Covid-19 vaccine has taken the life out of this stock, leaving a lot of investors wondering — what’s next? After reporting its first-quarter results, NVAX stock dipped 20% and hit $43. Despite making the right moves and filing for

PayPal Holdings, Inc. (PYPL) shares closed down again on Wednesday, nearing $75. This is the latest in a series of new low closes in 2022 for PYPL stock and it is now trading at levels not seen since 2018. PayPal stock is cheap and that may tempt investors, but they should pass because things are

Dogelon Mars (ELON-USD) is currently one of the most volatile assets you can own. The token has almost no utility or revenue generation to be a profitable asset in the long-term. For example, Ethereum (ETH-USD) has thousands of ERC20 tokens that pay fees to the Ethereum network. Thus, these tokens add utility and a source

BitNile (NILE) is a holding company with high exposure to cryptocurrency mining. Besides the fact that now is not the best time to be in the crypto mining business, there are other concerns. With a track record of destroying shareholder value, it’s best to stay away from NILE stock. If you haven’t heard of BitNile

The enthusiastic remarks of AMC (NYSE:AMC) Chief Executive Officer (CEO) Adam Aron after the company’s better-than-expected first-quarter results seemed misplaced. His comments reminded me of sports teams that had a horrible win-lose record and are losing by a wide margin in a game they’re currently playing, but celebrate one good play they made as if

In March, Asana (NYSE:ASAN) reported fourth-quarter results that were encouraging and impressive in some ways. And as I pointed out in a previous column on ASAN stock, the company’s “work management” software has gotten many excellent reviews online. Also positive for the name are the sizeable purchases of the company’s shares by its CEO earlier

Redbox Entertainment (RDBX) has an outdated and underperforming business model. The company’s shares have been treated as a meme stock since going public last year. Being acquired by Chicken Soup for the Soul Entertainment is the best outcome for Redbox and its beleaguered shareholders. Source: Jonathan Weiss / Shutterstock.com Hoping that shares of Redbox Entertainment

AMC Entertainment’s (NYSE:AMC) first-quarter results showed rebounding sales with a healthy loss reduction as it looks to return to winning ways in the post-pandemic world. During the first quarter, company sales shot up to $785.7 million, over five times the figure from the same period last year. Moreover, it came in ahead of $743.4 million

The market turmoil yesterday has been crazy and has shown no signs of abating. The Dow Industrial Index fell by around 2% while the S&P 500 was down 3.2%. Tech stocks were hit even harder with the Nasdaq down about 4.3%. So far this downtrend has continued until today. It is in this market environment

With Twitter (NYSE:TWTR) and TWTR stock facing multiple, tough threats and possessing no major positive catalysts, I recommend that investors sell the shares. Overall, the biggest threat facing Twitter and its shares is the possibility that the takeover of the company — led by Tesla (NASDAQ:TSLA) CEO Elon Musk — will not close. Such an outcome

Nio (NIO) offers Tesla (TSLA) luxury without the production volumes. The company has stiff competition within China, and those competitors are now exporting. Nio will likely remain small, and investors should demand a profit. Source: Robert Way / Shutterstock.com At this point in the game, investing in Nio (NYSE:NIO) stock means investing in the Chinese

According to short-seller Hindenburg research, Mullen Automotive (NASDAQ:MULN) may be the next electric vehicle stock debacle. The news that Hindenburg Research has Mullen Automotive in its sights is not new. The short seller revealed its findings over a month ago. But those findings are worth revisiting as the stock continues to behave with volatility. Further,

Medical health services company Teladoc Health (NYSE:TDOC) has seen its prognosis go from bad to worse over the past month. TDOC stock had already plunged as part of the broader selloff in speculative technology companies. However, that selloff accelerated dramatically following Teladoc’s latest earnings report, which was a disappointment on almost all fronts. The terrible

Affirm (NASDAQ:AFRM) continues to fly multiple red flags, including a high valuation, very tough competition and a bottom line that may be deteriorating. Additionally, there are multiple signs that the Street is quite bearish on the shares. In light of all of these points, I continue to recommend investors sell AFRM stock. The trailing price-to-sales

Earnings season isn’t kind to everyone, and even before PayPal’s (NASDAQ:PYPL) earnings, investors were expecting the worst. As expected, the company couldn’t manage to impress, and the disappointing sentiment continued. In fact, PYPL stock hit its 52-week low on the morning of May 6. In my previous coverage of the stock, I mentioned that the

With SoFi (NASDAQ:SOFI) likely to continue to be hurt by the Biden administration’s policies on student loans and the company still facing many other tough challenges, I am still recommending that investors sell SOFI stock. As Seeking Alpha columnist Business Quant explained in a recent column on SOFI stock, the moratoriums on student loan payments

As ContextLogic (WISH) struggles, WISH stock continues to rattle around its all-time low close. WISH is now a penny stock, down 50% so far in 2022 and off its 2021 all-time high close by more than 90%. Investors should not mistake WISH stock as an opportunity to get into an e-commerce leader at an incredibly

Camber Energy (CEI) is a questionable carbon capture play. CEI stock is a battleground stock that’s being won by shorts. Being positive on CEI for an unproven business pivot doesn’t justify a buy in today’s market. Source: OlegRi / Shutterstock They say there’s a right time and right place for everything. And if we’re to