Stocks to sell

Does the world really need another electric vehicle (EV) start-up? This is the question which California-headquartered Mullen Automotive (NASDAQ:MULN)  — and really, anyone considering investing in MULN stock — will need to answer. Source: Shutterstock It’s going to be difficult for Mullen to justify its existence, as there are plenty of EV manufacturers already and
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With DraftKings (NASDAQ:DKNG) continuing to face very tough competition that’s severely undermining its profitability and also about to deal with an important, near-term hurdle, the outlook for DKNG stock remains poor. Source: Lori Butcher / Shutterstock.com Given the intense competition that DraftKings is facing, I’m unsure if the company will ever be profitable. DraftKings is facing
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Three years ago, I warned against buying stock in Nio (NYSE:NIO), the Chinese luxury electric vehicle (EV) maker.  At the time, the stock was selling at $6 per share. Source: Robert Way / Shutterstock.com I was wrong. Two years ago, as the Covid-19 pandemic began, China’s government put a floor under the NIO stock price.
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When it comes to gambling, they say, “the house always wins.” But that hasn’t been the case with DraftKings (NASDAQ:DKNG) and DKNG stock. The i-gaming and online sportsbook operator has captured a large share of the fast-growing U.S. internet gambling market. Source: Tada Images / Shutterstock.com The problem is that it spends around $2.83 on expenses
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Cassava Sciences (NASDAQ:SAVA) is a clinical-stage biotechnology company trying to fight and cure Alzheimer’s disease. Its laudable mission is “to detect and treat Alzheimer’s disease.” The “mission” of SAVA stock, on the other hand, is unclear. Source: Pavel Kapysh / Shutterstock.com Since 2016, this biotechnology company has had no revenue at all. None. This is a
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Evidence strongly indicates that the Chinese government is continuing to intentionally harm Alibaba (NYSE:BABA). Meanwhile, the company’s recently released third-quarter results for BABA stock were uninspiring. Source: Nopparat Khokthong / Shutterstock.com Its cloud business, after existing many years, is still losing money. Given all of these points, I remain bearish on BABA stock. Indeed, I
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If you go bottom-fishing for value, you might get trapped. This is a harsh lesson that California-based Skillz (NYSE:SKLZ) is unintentionally teaching investors as SKLZ stock just keeps on printing fresh lows. Source: Dennis Diatel / Shutterstock.com Now, this might sound appealing to value-focused investors. After all, you’re supposed to buy low and sell high, right?
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Vinco Ventures (NASDAQ:BBIG) is a complicated company. Vinco is planning to merge with ZASH Global, it is acquiring digital advertising service AdRizer and it is spinning off its crypto business, Cryptyde. As a result of all these moves, BBIG stock has been quite volatile. Source: vincoventures.com Over time, however, it’s becoming clear that Vinco faces
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Headquartered in Burlington, Mass., Desktop Metal (NYSE:DM) is an additive manufacturing company that’s mainly known for its 3D printing business. The terms “additive manufacturing” and “3D printing” might entice technology investors to consider a long position in DM stock, but be careful. Source: Pixel B / Shutterstock.com It’s entirely possible to believe in a business niche,
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AMC Entertainment (NYSE:AMC) announces its Q4 2021 results today after the market closes. While they’re expected to be positive, that won’t save AMC stock. Source: Helen89 / Shutterstock.com In early February, I suggested that AMC’s best year from a financial perspective was 2018 when revenues were $5.46 billion with $265 million in operating profits.  Heading
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In July of last year, Mad Money‘s Jim Cramer tried to warn prospective investors about Chinese ride-hailing giant DiDi Global (NYSE:DIDI). Referring to Chinese initial public offerings (IPOs) in general and DIDI stock in particular, Cramer cautioned, “you should steer clear of them at all cost.” Source: DANIEL CONSTANTE / Shutterstock.com In a similar vein, DoubleLine founder
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Among the pandemic-era favorites, ContextLogic (NASDAQ:WISH) may be the one that’s seen the biggest reversal of fortune. Over the past year, WISH stock has cratered in price, after its e-commerce platform (Wish.com) experienced a user exodus, declining sales, and very high operating losses. Source: Ralf Liebhold / Shutterstock.com As you may know, the company has been
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